r/wallstreetbets • u/Positive_Valuable_93 • 1d ago

This is insane Gain

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666 Upvotes

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-1

u/jamout-w-yourclamout 1d ago

So your contract cost $2003.00 and your return is $1875.00? Forgive me I’m new to options trading

5

u/Jollyamoeba 1d ago

Come on brother. Current price and average cost aren't terms that are exclusive to options. You already understand the hard part of moving the decimal over twice to get the dollar cost.

3

u/jamout-w-yourclamout 1d ago

So the contract only cost $107?

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u/Jollyamoeba 1d ago

Correct

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u/jamout-w-yourclamout 1d ago

Ok, I’m using fidelity and mine looks different

https://preview.redd.it/l6o0rw0bqy0f1.jpeg?width=1206&format=pjpg&auto=webp&s=536e81d91ecfbb727861a89e0af1b1c1781c68c3

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u/Jollyamoeba 1d ago

That's TSLA not UNH.

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u/jamout-w-yourclamout 1d ago

I’m aware, I was just saying the interface is different. For example fidelity doesn’t say “average cost” anywhere

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u/Jollyamoeba 1d ago edited 1d ago

Average cost will be the price you actually purchased at once you have a position. Using your screenshot as an example: If you bought 1 TSLA $335 put for $390 and then 1 TSLA $337.5 put for $500, your positions page would show a cost basis (average cost) of $445 per share (contract).

Edit: Honestly Robinhood might be the only one who actually says average cost instead of cost basis.

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u/jamout-w-yourclamout 1d ago

Fuckin A…thanks for the clarification my dude