Although my computer has been Adobe-free for years, about a month ago I did invest in a Stock Option when the price of their stock was about $606. Since then, that price has nose-dived down to about $594 and my option net value is down by about $2,600 as result. Grump.
I 😡 Adobe!
You invested quite a bit then.
Yeah ... about 4k quid ...
Nothing lost yet - I've got 'til June for it to recover.
Oh, that's not quite how I calculated it.
Share price went down by $12 and your net worth went down by $2600.Which means you purchased around 217 shares. (2600/12=216.666). 217 shares at $606 each is $131,502.
What did I do wrong? [Just curious and I won't mind if you think I am being too nosy and tell me to bog off 🤣]
Alan
Keyword: "option".
He didn't buy stock.
OK - so he bought options worth $131k for £4K. Not a bad deal then. Or have I gone completely off the rails?
