Trade Findings and Adjustments 05-21-2019
BIDU- September bull call trade. 180 strike Long calls and 200 strike short calls.
Add long calls total and subtract from shorts
Long calls: 1689.03 + 721.03 = $2410.06
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Short calls: 648.95 + 220.96 = $869.91
= 1540.15 + 65.07(from buying back shorts) = $1475.08 of cost basis
Bought 16 more Sep. $180 Long Calls at .34 per share. For 16 more contracts to triple down on long calls = $544
1475.08 + 544 = 2019.08 total cost basis and divide by all 20 contracts or per share of 2000 = 1.009 per share cost basis
It’s pretty cool to take our cost basis from 8 dollars per share down to 1!!!!
FCX – Smart client added 200 more shares to his position by Collar Trading and investing the Warren Buffett way.
That’s 200 more shares with dividends to pay you!
That’s 200 more shares to lower our cost basis significantly while everyone has to wait for FCX to get back up to $14!!!
www.hurleyinvestments.com www.myhurleyinvestment.com www.KevinMhurley.com
