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Post Info TOPIC: Help with understanding options trade


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Help with understanding options trade
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Hello all,

Thanks in advance for your time and response.

I'm fairly new to options trading. I've made a few trades but still trying to understand the details.

I'm trying to understand from one of my recent trades on etrade.

 

On Jun 1st, I bought a couple of call options (AVGO) expiring on Jun 30th. When I purchased the options the underlying stock price was $235 and options price was ~8.30 so I ended up paying ~1600$ and bought two contracts.

The earnings the next day was pretty good and stocked popped. The price of the stock next day is $253 (as I type). The options price is 19.30$ and my total gain is $2300.

Now my question is that why is my gain is not the difference of the stock price (253 - 235 = 17) times 200. (3400$) ?

Also, is there a way I can exercise the options now?

I didn't find the right solution from the Internet.

-References

-http://onlinetradersforum.com/threads/help-with-understanding-options-trade.691784/

-Data Analysis Video

 



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