At last
1 Lot = 1000
Stock #13 @$106.9 = -$106900
Jun LP110.0 @$6.74 = -$ 6740
Jun SC112.5 @$1.35 = $ 1350
Sp. Dividend @$7 = $ 7000
Dividend @$1.7 = $ 1700
Worst case next week #13 goes up 5%+ to $112.5+ and SC being exercise
Debit = -$106.9 - $6.74 = $113.64
Credit = $1.35
Exercised @$112.5
Subtotal $112.5 + $1.35 - $106.9 - $6.74 = $0.21
Credit $0.21 ($210) + Jun LP110
ROI $210/$125000 ~ 0%
Expected case next month end #13 goes up <5% exercise LP
Debit = -$106.9 - $6.74 = $113.64
Credit = $1.35 + $7 +$1.7
Subtotal $110 + $1.35 +$7 +$1.7 - $106.9 - $6.74 = $6.41
Credit $6.41 ($6410)
ROI $6410/$125000 ~ 5%
Best case next month end #13 goes up 5%+ to $110 + and SC NOT being exercise
Debit = -$106.9 - $6.74 = $113.64
Credit = $1.35 + $7 +$1.7
Subtotal $110 + $1.35 +$7 +$1.7 - $106.9 - $6.74 = $8.91
Credit $8.91 ($8910)
ROI $8910/$125000 ~ 7%
Any C Hing can check the validity
I'm new in stock option and wonder my math