Concluding NOV trade...

I finally concluded the whole trade saga on NOV (National-Oilwell Varco). Despite the whole hiccup on MB trading platform, I made a gross profit of US$1 (ya, it's only one dollar!). And after all commission and admin fee, most probably I lost a net of US3.05!

Here's the details of the trade:

(1) Bought NOVJY (NOV Oct 145 Call) at 7.80
in anticipation of the stock split of NOV (payable on 28 Sep and execution on 01 Oct) on Friday 28 Sep

(2) Sold NOVJY (NOV Oct 52.5 Call) at 15.00
Stock Split on Monday 01 Oct and I thought I profited US$720 (as posted here on Monday)!!!

(Note: I sold at a 'profit' on MB platform, since it's a green on my position window. But the symbol part was erroneous!)

(3) On Tuesday 02 Sep, I apparently got a short position NOVJY (NOV Oct 52.5 Call) and 2 long positions NOVJV (NOV Oct 72.5 Call). These 2 long positions should be what I had on Monday instead of the 15.00 NOVJY. I bought back the short position at 13.80 and sold one long position at 3.30.

(4) Sold the other long position at 3.31
on Wednesday only after MB platform recovered the options execution (Ya, many options were in chaos with all expiration dates wronged and no option execution can be done till 11am ET).

In summary, my gross profit is only US$1.


P/S: If you think you read wrongly, you don't. MB platform gone went all the time. The last time (about 2 weeks ago), I got lesser cash balance because of their system error. Fortunately, I always screen capture everything in trading!

P/P/S: I'm going to withdraw my cash asap and switch back to IB or OX or some other trading platforms.