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Sunday, October 9, 2011
PCX - Weekly Options Why ?!?
Its really unknown why this company has weekly options, but this company produced a great return on Friday before it expired on Friday. .28 cents per contract returned a .94 cents per contract on the close.
Option Lotto:
10 contracts @ .28 = 280 in
10 contracts @ .90 = 900 out
Gross/Net Profit $620 commission (not included)
*Remember 100 shares are in 1 option contract. So 10 contracts equal 1,000 shares of underlying stock or index.
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