Winning

Winning

Wednesday, November 26, 2014

We sell NES spring for profit, ENTA calls

So we are out of NES. We had a 10:1 ratio on our call/put, and we made some money. First our outs:

NES Dec 2014 10.000 put (NES141220P00010000)

 -OPR
0.65 0.00(0.00%) 1:53PM EST
Prev Close:0.65
Open:0.40
Bid:0.40
Ask:0.85
Strike:10.00
Expire Date:20-Dec-14









That was the put at 100% and now for the 10% call:

NES Dec 2014 10.000 call (NES141220C00010000)

 -OPR  
0.91 Down 0.54(37.24%) 1:53PM EST
Prev Close:1.45
Open:0.91
Bid:0.50
Ask:1.15
Strike:10.00
Expire Date:20-Dec-14
Day's Range:0.91 - 0.91
Contract Range:N/A - N/A
Volume:10
Open Interest:1,458









We took a 37% loss on our 10% option, and a 25% gain on our 100% put option. This means if we invested 100 dollars on the call, we were left with 63 dollars of our original. And if we entered in with 1000 dollars, we made 250 dollars on our grand. Our profit if we were using 1000:100 in our 10:1 ratio is 187 dollars clear. If you were using 10000:1000, the profit is 1,187.

Today we continue to hold VNET and also ENTA. ENTA is rocketing up, so we sell the call for a middle point of the spread in the bid and the ask, which is 3.85. ENTA is up almost 2 dollars today.

ENTA Dec 2014 44.000 call (ENTA141220C00044000)

 -OPR  
2.40 0.00(0.00%) 2:21PM EST
Prev Close:2.40
Open:1.75
Bid:1.90
Ask:5.80
Strike:44.00
Expire Date:20-Dec-14









Looking at the spread above, it is pretty wide, we get out in the middle as the stock is moving up today quick out of the spring. We got in at 2.40 and exited at 3.75 and that is a 41% gain. We continue to hold our put. And our call and put from VNET.

Thats all for today,
Mark

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