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I posted this on Mishedlo forum but it was suggested to try here.

Just want to make sure I understand:

January 2nd buy to open 3 89calls @ $45 premium  **DJX @ 85.30**
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Symbol Last  Change  Vol       Bid   Ask  Open Int.  Stryke Price
DJXAK  0.50  +0.35   1,005.00  0.40  0.45 4,555.00   89.00


January 7th sell to close 3 89calls @ $65 premium **DJX @ 87.74**
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Symbol Last  Change  Vol      Bid   Ask   Open Int.  Stryke Price
DJXAK  0.80  +0.10   131.00   0.65  0.85  4,562.00   89.00


Using a $7 trade fee and $1.50 per contract = $11.50 commision per trade.
In this case there would be a very small profit but this is not normally the case?

sell price - purchase price - commission:
($65 x 3) - ($45 x 3) - $23.00 = $37 = 27% return before taxes

On my first post it looked like I was asking if I could do this in/on the same day,
which I wasn't. Whether the option is held 5 days or 3 months but the strike
price is never met, is this second example possible?

Thanks,
Brad
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