VERTICAL SPREAD OPTION RECONCILIATION – Lesson 15

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DID I MAKE A PROFIT OR LOSS?

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START: ACCOUNT RECONCILIATION

1. Log in to Tastyworks site. Along the left side of  black desktop site:
“Trade“, “My Accounts“, “My Money“, “My Profile

2. Click “My Accounts“. Drop down menu: Select “Transactions

3. Latest “filled” order comes up — Print

 

BULL CALL DEBIT SPREAD:

Transaction example:

OPEN: 12/06/17… Trade JD…Sold 5 JD 03/16/18 Call 36.00 6:30:00am @3.05 X 100 = ($1,525.00)

12/06/17… Trade JD Bought 5 JD 03/16/18 Call 35.00 6:30:00am @3.65 X 100 = $1,825.00
($3.65 minus $3.05 = 60¢)

 

CLOSE: 12/14/17… Trade JD… Sold 5 JD 03/16/18 Call 35.00 6:35:19am @6.13 ($3,065.00)

12/14/17 … Trade JD … Bought 5 JD 03/16/18 Call 36.00 6:35:19am @ 5.35 $2,675.00
($6.13 minus $5.35 = 78¢)

PROFIT: $90.00 (78¢ minus 60¢ =18¢ X 100 = $18.00 X 5 = $90.00)

 

RECONCILIATION – BULL CALL DEBIT SPREAD
Options Reconcile Bull Moms

(Blank slip and filled-in slip of ABOVE JD Company
Open and Close transactions)

 

 

 

 

 

 

Question:

  1. How much did the JD stock option cost to open:
    A.___$1,82
    B.___$300
    C.___$1,525
    D.___60¢
  2. How much did JD stock option receive at close:
    A.___$3,065
    B.___78¢
    C.___$2,675
    D.___$390
  3.  What was the profit for the JD stock option transaction:
    A.___$300
    B.___$1.825
    C.___$390
    D.___$90.00

Answers: 1. – B, 2. – D, 3. – D

 

BEAR PUT DEBIT SPREAD

Transaction example:
OPEN: 2/26/18 –Trade GE –Bought 4 GE –9/21/18 –Put $14.00 –6:30am @ 1.05 –$420
2/26/18 –Trade GE — Sold 4 GE — 9/21/18 Put $13.00 6:30:15am @ .68 ($272)

 

CLOSE: 3/23/18 — Trade GE –Sold 4 GE–9/21/18 — Put $14.00 6:20:08am @ 1.54 ($616)
3/23/18 –Trade GE — Bought 4 GE –9/21/18 –Put$13.00 6:20:08am @ 1.01 $404

PROFIT: $64.00 (53¢ minus 37¢ = 16¢ X 100 = $16.00 X 4 = $64.00)

 

RECONCILIATION – BEAR PUT DEBIT SPREAD

(Blank slip and filled-in slip of above GE Company transactions)

Please scroll way down to: “Conclusion – Making Money Trading Stock Options Online Made Easy”

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