Monday, September 26, 2016
9 Day ESV Call Option Trade
I decided to buy 15 $7.00 ESV Oct 21 2016 Calls a couple of weeks ago and closed the position last week.
Basically I bought 5 $7.00 Calls at $.55 and then an additional 10 Calls at $.50 for a total of 15 Calls at a total investment of $800.15. I held the calls for a little over a week and then dumped them at $.75 for a net proceed of $1136.80.
For this 9 days worth of work I picked up a net $336.65 in profit. This is my first option transaction since I excercised a $32 call option to purchase 100 shares of M back in July.