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Re: [sharechat] Options by Woody

From:	"Cristine Kerr" <criskerr@optusnet.com.au>
Date:	Fri, 3 Oct 2003 10:08:26 +1000

Woody,

Very, very impressive.

You have my attention (if not my understanding).

Regards,

Cris

----- Original Message -----

From: fntradingsolutions

To: Sharechat@sharechat.co.nz

Sent: Friday, October 03, 2003 9:33 AM

Subject: [sharechat] Options by Woody

Please I am not showing off by my e-mail here. The purpose is to show that there are other trades besides, fundamentals and shares. So please give me flak for the system not my motive!

I bought on Sept 9th several ( Shall we say 10 hyperthetical ) Put Options on the SPI when the price was 3248. I bought

'10' at a strike price of 3250 for a cost of 90 = 90x 18 x10 = Total outlay $16200 plus commission. My Risk factor was locked in at 8% = $1296 . I sold them on Oct 2 for 176 each = 176x18 x 10 = $32220 at any one time my total risk was $1296.

That was my worst scenario. All based on the fact that 3250 was my cycle high which had to be reached by Sept 9 - 12.

If anybody would like to know any more detailed info on this type of trading just let me know.

I am here to help NOT BRAG!

Woody

References

[sharechat] Options by Woody fntradingsolutions

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