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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (218151)1/31/2003 8:19:53 PM
From: mishedlo  Read Replies (3) of 436258
 
One guy I know had 50 RMBS strike 10 calls he paid .10 for.
AH they are now worth over $6.
$500 to $30,000 in three days.

Not only that but yesterday he declared he was holding them all and bought a bunch of strike 20's for 15 cents.

If the AH price holds those will .50 on the open on monday.
Assuming RMBS can manage 21 by expiry the $500 bet will be worth $50,000 and the $600 bet a mere $5,000.

Shades of January 2000!
A perfect repeat.

M
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