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Just booked a nice profit this morning on NCM April Puts which I bought near close on Friday... (Copy and pasted Commsec trade notification)

"Notification that we have BOUGHT for you 25 contracts in NEWCREST MINING AP12P3450 on Account 867040 .

Transaction Details:
Date : 24 Feb 2012
Total Contracts    : 25
Price    : 1.320
Order Value    : AUD 3300.00
Brokerage and Costs incl GST : 38.53
Net Proceeds : 3338.53
Total GST    : 3.51
Settlement date    : 27 Feb 2012"

...........................................................................................................

Notification that we have SOLD for you 25 contracts in NEWCREST MINING AP12P3450 on Account 867040 .

Transaction Details:
Date : 27 Feb 2012
Total Contracts    : 25
Price    : 1.790
Order Value    : AUD 4475.00
Brokerage and Costs incl GST : 38.53
Net Proceeds : 4436.47
Total GST    : 3.51
Settlement date    : 28 Feb 2012

$1100 profit after $75 brokerage.

I would have had to have 87K to achieve the same profit had I short the actual stock.

Not bad for just a 90c drop in the stock price. I was in this trade for less then half an hour of market time but yes I held the Options over the weekend.

<blockquote data-quote="ftw129" data-source="post: 687122" data-attributes="member: 47251">Just booked a nice profit this morning on NCM April Puts which I bought near close on Friday... (Copy and pasted Commsec trade notification) &quot;Notification that we have BOUGHT for you 25 contracts in NEWCREST MINING AP12P3450 on Account 867040 .Transaction Details:Date&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; : 24 Feb 2012Total Contracts&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 25Price&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 1.320Order Value&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : AUD 3300.00Brokerage and Costs incl GST&nbsp; : 38.53Net Proceeds&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; : 3338.53Total GST&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 3.51Settlement date&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 27 Feb 2012&quot;...........................................................................................................Notification that we have SOLD for you 25 contracts in NEWCREST MINING AP12P3450 on Account 867040 .Transaction Details:Date&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; : 27 Feb 2012Total Contracts&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 25Price&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 1.790Order Value&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : AUD 4475.00Brokerage and Costs incl GST&nbsp; : 38.53Net Proceeds&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; : 4436.47Total GST&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 3.51Settlement date&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; : 28 Feb 2012$1100 profit after $75 brokerage.I would have had to have 87K to achieve the same profit had I short the actual stock.Not bad for just a 90c drop in the stock price. I was in this trade for less then half an hour of market time but yes I held the Options over the weekend.</blockquote>

[QUOTE="ftw129, post: 687122, member: 47251"] Just booked a nice profit this morning on NCM April Puts which I bought near close on Friday... (Copy and pasted Commsec trade notification) "Notification that we have BOUGHT for you 25 contracts in NEWCREST MINING AP12P3450 on Account 867040 . Transaction Details: Date : 24 Feb 2012 Total Contracts : 25 Price : 1.320 Order Value : AUD 3300.00 Brokerage and Costs incl GST : 38.53 Net Proceeds : 3338.53 Total GST : 3.51 Settlement date : 27 Feb 2012" ........................................................................................................... Notification that we have SOLD for you 25 contracts in NEWCREST MINING AP12P3450 on Account 867040 . Transaction Details: Date : 27 Feb 2012 Total Contracts : 25 Price : 1.790 Order Value : AUD 4475.00 Brokerage and Costs incl GST : 38.53 Net Proceeds : 4436.47 Total GST : 3.51 Settlement date : 28 Feb 2012 $1100 profit after $75 brokerage. I would have had to have 87K to achieve the same profit had I short the actual stock. Not bad for just a 90c drop in the stock price. I was in this trade for less then half an hour of market time but yes I held the Options over the weekend. [/QUOTE]

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