The following is the OptionBT sighting of
Go to Description Section
Position Description  :
Position taken   :
Two months out,
Vertical Bull Spread on Calls,
Long the 05 Aug 1075 Calls (109 cnt), Short the 05 Aug 1150 Calls (109 cnt)
No Margin required,
Close on the day of trade June 22,2005 was 1213.88.
August 19,2005 / Settlement = 1223.90
109 long call options, 109 short call options
Credit or (Debit)   :
All options expired in the money, NET = +$37,060
Comments   :   "Quick Pick"
"Quick Pick" is at that special place where a little faith in the market
can bring a little return. Not that $37k is such a little return, but you
have to compare "QP" with some of the other big guns in this list and you
won't be as impressed.
What is impressive though is that "QP" puts up a big sum for his measly
return. That is the $780,440 that this position cost.
There is probably a little lesson here somewhere. That lesson may be that
looking around and not seeing anything which would torpedo the market in June of
2005, "QP" said, "why not" and proceeded to launch just a little volley over the
Congrats "QP" even though it is was probably not enough to
cover the taxes on your house.
back to BigFoot Hall of Fame page