Call Options on ETFC on 9/17/2013

E*TRADE Financial Corporation (ETFC) provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand in the United States.

It offers trading products and services, including automated order placement and execution of the U.S. equities, futures, options, exchange-traded funds, and bond orders; sweep deposit accounts; access to E*TRADE Mobile to trade stocks and transfer funds between accounts, as well as to monitor real-time investment, market, and account information; access to E*TRADE Pro, a desktop trading software for active traders; margin accounts; cross boarder trading; access to international equities; and research and trade idea generation tools. The company also provides individual retirement accounts; retirement planning resources, and portfolio evaluations and personalized plans; OneStop Rollover, an online rollover program that enables investors to invest their 401(k) savings from a previous employer into a professionally-managed portfolio; access to exchange-traded funds and non-proprietary mutual funds; and one-on-one portfolio management.  

Shares have formed a bullish "flag" and higher share prices are expected for this stock.

52-Week Trading Range: $7.70 -$17.47

Last Trade: $17.40

Here is the trade:

Buy One October $17 Call option for less than $0.95

Trade Buy 1 October $17.00 Call at $0.95 For a net debit of $0.95 Profit/Loss Analysis Breakeven at $17.95 Maximum profit is unbounded Maximum loss is ($95.00) at strike of $17.00 Closing Summary Sold 1 October $17.00 Call at $0.36

Position closed on 10/18/2013 at price of $0.36 with a -62.11% loss in 30 days.

Updates

10/18/2013 10:17:11 AM

We are closing ETFC call option with modes losses.

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