Saturday, February 22, 2014

Long Call Trade Results (21 Feb 14)

ETF
ETF
Num
Ask Price
Bid Price
Market
Position
Percent
Symbol
Option
Cont
14-Feb-14
21-Feb-14
Value
Gain/(Loss)
Return
UNG
 Jan 15 28 C 
2
 $         2.33
 $        3.45
 $      690.00
 $       224.00
48.1%
QQQ
 Jan 15 100 C 
3
 $         1.49
 $        1.39
 $      417.00
 $        (30.00)
-6.7%
XLK
 Jan 15 35 C 
2
 $         2.52
 $        2.36
 $      472.00
 $        (32.00)
-6.3%
IWM
 Jan 15 130 C 
3
 $         1.84
 $        2.04
 $      612.00
 $         60.00
10.9%
Totals:
 
 
 $ 1,969.00
 
 $   2,191.00
 $       222.00
11.3%
The Long Call strategy is used when you anticipate a price increase.     
Our goal is for the option to increase in value so that we make a     
profit.  We are looking for a 30% rate of return.     

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