The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there (Premium subscribers only), pop us a note by replying to this email.
A brief summary of some of the interesting things discussed there in the last few days:
How big is STT?
0.125% of the whole contract (strike price + premium) x lot size.
STT or Securities Transaction Tax applies if you let an “in-the-money” option expire. It’s best to exit the option before 3:30 pm on expiry day, but if you do let it expire, that’s what it’s going to cost you.
EPS went from 2.52 to 3.4 — a 35% increase and the stock tanked over 12%. It’s still a 40% higher than when we got in, and such moves are scary, but hey we didn’t complain when the stock went up 10% a day for two days in succession.
“International Paper, if able to sustain the horizontal resistance, has a target of 500+”
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provide
d as an opinion.
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