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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (210481)12/18/2002 10:58:46 PM
From: mishedlo  Read Replies (1) of 436258
 
Buy strike 12.50 puts. This close to expiry there is no time premium (at least not much). These kind of plays happen every expiry. Extreme short term leverage. Might not be precicely a double but if it fell to 10 or just below it would be close. Especially if you can get in on a gap up tomorrow. On a rise to 11.4 you can proably get the puts for 1.30 or so and they would be worth 2.50 if we fell to 10.

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