/biz/ - Business & Finance

Some people wonder why I want to keep track of my trades and not use my broker to do it.

Here is an example of my situation:

>ETSY trading at $35
>why is this option so cheap, I must have it!
>buy 4 contracts of ETSY $33 call for $2.3, expiring on Friday
>total cost $920
>if you are brainlet if etsy was trading at $35 and the $33 call option was $2.30, then $2 of that was free money, so the option only cost 30 cents per contract!

>friday comes and etsy was trading at $38
>I exercise the option and the call disappears and I buy 400 shares of etsy at a price of $33 per share. Etsy currently valued at $38/share.
>what is my basis?
>option $920, stock $13,200
>$14,120 cost basis

Current value of etsy (friday closing 38.15):
>$15,260 (over $1000 unrealized gain)

No broker will be able to figure out my cost basis, because they don't treat the option as the same transaction. Hence I have to do the math myself!

>take over the world ambition level
>work ethic less than that of an average working class guy

why tho

Yo at this point I have 750 credit, utilization @ 0, about 30k from 4 credit cards and an amazon store credit account

At this point, what can I do to improve? I want 800 +

>>770396
higher res