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Strategies & Market Trends : Calls and Puts for Income

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From: Jerome11/14/2013 9:21:13 AM
   of 5891
 
An Option position to consider....................................................

GTadvanced technology closed at $10.40......(annual high)

Short interest is 28% of the float

Outlook very positive. Alliance with Apple for Sapphire products

Revenue expected triple over the next two to three years because of Apple alliance.

As I see it there are two dynamic drivers for this stock

A bright future and high short interest

I'm looking at the June 14 options at the ten strike ($2.50/2.70)
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