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Jeff CrowhurstJeff Crowhurst
Participant
Post count: 43

Sean
After reading Options Demystifies I bought 20 contracts of GDX at $.97. Strike price was $36. Expires on January 15th,2021.
My total investment (on December 29, 2020) was $1940.
With today’s surge in price of GDX I believe I am seeing total equity of $5880 (a total return of $3940 or 203%).
Should I exercise my option?
If I do does that mean I would receive the $3940 over and above my initial investment of $1940?
Thanks
Jeff