This time round, I profit from the stock splits of NOV (National-Oilwell Varco). I bought into it 'accidentally' on last Friday when I limit the price of $7.80 for the NOVJY (NOV Oct 145 Call). Despite the Ask price then was $8.40, it plunged to execute my trade at $7.80. And then, the call option closed at $5.50.
As always, stock splits will result in the stock price to rise on the execution date (which is Monday ET). I sold it off at $15.00, but the price continue to rally to around $16.00. (although the price rise shouldn't be this much!)
P/S: In case, you are wondering how come I claim only $720 profit instead of $950... The reason is the trading platform displayed a daily PnL (as mentioned, the option closed at $5.50 and I exited at $15.00) and hence a $950 closed PnL displayed.
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