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TheBlueWhaler t1_iy4h77l wrote

Reply to comment by Worried-Egg-8560 in Thankful for $GEO by mannahosanna

Yes, I need the formula tho

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Worried-Egg-8560 t1_iy4hncf wrote

(Current Price - Average Cost)*number of contracts

Dude you shouldn’t be investing in stocks never mind option trading

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TheBlueWhaler t1_iy4lb1m wrote

IDK why you're giving me so much shit when I literally prefaced everything with "I'm brand new to options trading"

Thanks for the formula

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root_over_ssh t1_iy537yh wrote

Each contract is for 100 shares, but the price listed is per share, so for every 1 contract, the cost is 100x the quoted price. So if you buy 600 contracts at $1.13, it is 600*100*1.13 = 67.8K

The 9k is the price change for today only (so current total value - value as of end day yesterday)

The number at the bottom of the screenshot is the total gain... so the current value of the contracts - what was actually paid (177k-67.8k)

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JZervas t1_iy91l4d wrote

Because you’re brand new at life and investing and you need to take some big steps back.

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TheBlueWhaler t1_iy96b4a wrote

I'm an old man and I've been investing in stocks for 4 years.

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