Taking Profits in High Grade Copper

We sold our July High Grade Copper futures contract yesterday at 3.21.  We were long from our 310 strike price option we exercised (see previous posts: Copper) , yielding us $2750 (we were long from 310, sold at 321, so we made 11 points x $250/point).  Since we paid $2038 premium for our 310 July call option, so we made a net profit of  $712.00 or made 35% ROI on this trade.


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