Wells Fargo Back Test - $1,300 to $8,200

Here is another example of the power of leverage in options trading.  This is a picture of a back test of Wells Fargo (WFC) from January, 1 2012.  The trade was an option call for April 12 expiration at a $34 strike price.  The cost of the trade was $1,300 plus commission.  The gross on March 16^th was $8,200.