Follow up on IQIYI (567% return!)

Congrats if you have bought IQIYI (IQ) call options earlier.

The IQ $20 June 2018 Call options premium price was around $2.10 ($210 per contract)

Screen Shot 2018-06-11 at 9.12.59 PM

and today, the options premium price shoots up to $14 ($1400 per contract).

Screen Shot 2018-06-11 at 9.30.43 PM

You are basically making $ 1190 for every call options contract that you bought.

The Return on equity (ROE) in less than 2 months is  567% (($1400 – $$210) / $210 * 100%)

Assume you are risking 3% of your total portfolio to take up this trade, you are up 17% of your total portfolio.

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