10-07-2013, 11:17 AM
Account 0002789845 - IND
Action Buy Call to Open
Option VXX OCT 19 2013 17.00 CALL
Deliverable
100 shares of VXX per contract
Expiration Date 10/19/2013
Number of Contracts 6
Order Type Market
Quote Last: $0.62Bid: $0.62Ask: $0.63 Real-time: 10/07/2013 12:01:52 PM ET
Order Costs Estimated Cost $378.00Explain calculation
Base Commission $6.95
Contract Charge $4.50 ($0.75 per contract)
Estimated Total Cost $389.45
So walk me through the math here: This represents the option to purchase 600 shares of VXX before Oct 19th at a cost of $389.45
Anything over $17 a share = profit - $389.45? So I need the value of each share to hit $17.65 just to break even?
Action Buy Call to Open
Option VXX OCT 19 2013 17.00 CALL
Deliverable
100 shares of VXX per contract
Expiration Date 10/19/2013
Number of Contracts 6
Order Type Market
Quote Last: $0.62Bid: $0.62Ask: $0.63 Real-time: 10/07/2013 12:01:52 PM ET
Order Costs Estimated Cost $378.00Explain calculation
Base Commission $6.95
Contract Charge $4.50 ($0.75 per contract)
Estimated Total Cost $389.45
So walk me through the math here: This represents the option to purchase 600 shares of VXX before Oct 19th at a cost of $389.45
Anything over $17 a share = profit - $389.45? So I need the value of each share to hit $17.65 just to break even?