IADC CLOSINGS JUNE 4-8TH 2018
Im going to show you how I write out my hand written paper trades taken from real time live data as the trade is opened and closed.
On May 18th 2018 #OXY was opened with purchase of the stock 100 or however many shares you want and can afford to purchase, and we will always just figure 100 shares and 1 option contract to demonstrate the trades and keep it clear. HOPEFULLY.
BUY to OPEN 100 SHARES of OXY @ 85.37 and SELL to OPEN 1 CALL contract JUNE 8 EXPIRATION the 78 strike price at $7.45 with (21) days till expiration. 28 IV, 91 DELTA
SELL to CLOSE 100 SHARES #OXY on XDATE 6/8/2018 for 84.99 with .38c loss. BUY to CLOSE the 78 CALL for 6.05 for 1.40 profit
ADD dividend payout in 3 or 4 weeks of $.77c and my total profit is $1.79 x how ever many shares involved in this trade.
JUNE 4th 2018 #BDX
BUY to OPEN 100 SHARES #BDX @ 227.87 and SELL to OPEN 1 CALL contract JUNE 8TH (4) days til expire, 205 CALL option contract @ 22.65
SELL to CLOSE JUNE 7TH 2018 100 SHARES @ 228.16 for .29 profit and BUY to CLOSE 205 CALL @ 23.30 for loss of <.65> for TOTAL profit of .39c on trade.
The other 5 trades are done similarly and held for short period of time only