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Strategies & Market Trends : Options

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To: Jill who wrote (478)1/2/2000 5:07:00 AM
From: PAL  Read Replies (2) of 8096
 
Jill

That is a profitable strategy which has worked well. Refer to play#1 in the following post:

Message 11292775

The call option symbol should be AAOMT instead of AAMOS.

The 10 contracts yielded $ 8,000 net credit, and now with the split, that becomes 40 contracts with strike price $ 50. Cost: minus $ 8,000. Come Jan 21, a big nice problem: what to do with those 40 calls @ $ 125/sh fully paid. Just a 3 month action. LOL

Happy New Year.

Paul
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