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That is a beautiful story. Do not worry about the the profit...

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winnetwo

1,491 Posts.

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29/04/21

08:48

Post #: 52799833
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Originally posted by usernam: ↑

Thanks for this list.

A little story which indicates the returns that options can provide:

A while ago I bought 4 million XCDOA options at 0.1 cents for 4 K. XCD were taken over by 88E and for a while I lost track of them as they weren't showing in my normal share platform (Commsec), but instead were in a share registry. I was pleasantly surprised to find they were now worth around 30 K, and even more so when 88E started to get hyped and worth 70 K, at which point I sold them. If the story ended there, it would have been a clear happy story. However 88E just went crazy such that the 4 K stake would have been worth an incredible 340 K at its peak, which was a bit frustrating to watch. Nonetheless still made a very good profit at the end of the day.

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That is a beautiful story. Do not worry about the the profit that could have been; quite often they disappear further down the line. In my opinion you found the right time to dispose of your holding. And of course it also matters what you do ith those funds. Good luck in your future trading.

W2
1 Upvote

0 Great analysis

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