Oh ok, so let's see a picture of the one you already have.... Or at least the make and model, Way to secretive on your car purchase but very open about you option trading.
What are you talking about...300 contracts is the equivalent to holding 30k shares...same pnl. 30,000 shares bought @ 30, and price goes to 36 = 180k pnl 300 calls bought @ 30 strike and price goes to 36 = $180k pnl (minus premium)
Oh I see you bought calls expiring this Friday.... I would sell and use that 2600 for the down payment are your exclusive ride... I have been selingl puts instead on the semis
Well I'm thinking about it...but this is to protect a cash position until I decide to buy etf's...looking weak now, but if this pops to 34 by the 18th I'm up 10k. I can't believe these were so cheap...mm's were sleeping at the wheel. I already have their money but I want more! October 15 30.32 $3,747.14 October 16 32.46 $11,496.29 October 17 33.34 $9,507.19 October 18 34.03 $9,269.47
What calculator are you using to determine where the stock trades and how much the call is worth each day into friday?
My spreadsheet does it using one standard deviation. Useful to see at a glance with my realistic profit levels are. Each future price is calculated using the black scholes formula which you can find online.
BITX 34.5s and 38s for 10/18 are trading 30 and 5 mid, respectively. I like your hypothetical prices.