www.streetscanner.com's misleading returns % calculation?

Discussion in 'Trading' started by dlcmh, Aug 29, 2001.

  1. dlcmh

    dlcmh

    I decided to investigate http://www.streetscanner.com after reading through the Comments on this site.... thread (http://www.elitetrader.com/vb/showthread.php?threadid=1962). The calculations are misleading, in that returns would ALWAYS show an overstated POSITIVE figure. Take a look at one of the examples, re the 07/16/01 QCOM JUL 65 Call/Put. The cost of the straddle was 1.8(Call)+2.35(Put)=4.15. The high price reached for the straddle was 3.80. This, I presume, is a loss of 7.95. Yet, the website shoes a gain of 11.11%!. It correctly shows a 100% loss for the call, and a 111.11% gain for the put. But it incorrectly subtracts the Call % losses from the Puts % gains.

    Any comments on this? Has anyone actually subscribed to the site and obtained positive results?