Market for the Bulls

April 01, 2019 // by Jesse Crypto Backer // , , // No comments


Was a great Monday for the market. My call options spread did very well today, gaining 111% or $50.00. I purchase at $0.11 ($11 dollars, 5 contracts equals $55.) The market value is now $0.19 per contract (5 contracts) or $95. That's a $40 profit today on this alone. I currently do not own any actual stocks.

My single contract for a call option rebounded quite a bit but not enough. I unfortunately got too optimistic last week and bought a $29 call at $0.95, and it instantly dropped to $0.57. Today it got back to $0.76. Basically that means I spent 95 dollars, it dropped to a value of 57 dollars, and today it closed at 76 dollars. I am still down 19 dollars overall.

My acorns gained another $2.56 today. Overall up $103.29 even after I unfortunately had to take out that $5,000.

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