I sold a Call on Facebook (FB) on Tuesday March 1st. and I just bought it back. I sold 15 contracts of the FB 3/11/16 Call for a premium of $.90. I just bought back for $.20. On the 15 contracts the premium was $1350 and I paid $300 to end the deal. My profit is $1050. Move on to the next deal! Here’s the Sell and Buy orders:
Sell to Open 15 FB 3/11/16 $112 C @ $.90 (+1350)
Buy to Close 15 FB 3/11/16 $112 C @ $.20 (-$300
Total Profit +$1050
Read the links below:
Steve
The Options Coach