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Pastimes : Dr. Id's SI Addiction Room

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To: Dr. Id who wrote (299)8/9/2001 8:28:15 PM
From: William  Read Replies (1) of 414
 
Dear Doctor:

Well Doc, I bought the stock($11.25). Then I wrote Aug $12.50 calls at $1.20. Then the stock jumps to 15 and pulls back a bit(as I'm sure you know). So, as long as the stock stays above 12.50 for 8 more days, I have a nicely profitable buy/write on my hands.

All of this leads me to ask you 3 questions:

1. Did you buy the calls I wrote?
2. Do you comprehend what a Profit is?
3. What is a Grub?

No longer Confused in New York
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