Scott,
Thanks for the info. I'm back on line as well.
I don't want to be giving advice on what a person should or should not
invest in. All/most of my postings are in hope of being informative and
are mixed with a degree of opinion. If it is useful to anyone in drawing
a conclusion on what to do, then I am glad I could be of some help.
For me, buying an option for Dec. that has to go to around $17 to be at the money
seems a little to much, thats just me. It is a question IMO, of how
far above the even mark do you think the price will go by the third
Friday of Dec... What if there is a delay in the report. All I would advise
is to do some soul searching at this point. Maybe the 12 1/2's have less
leverage in the # of shares you can buy but they are not way out of the money
at this point. Another thought on it would be from the angle of if the price
comes back in over the near term. Options can be tricky, time works aginst the
buyer in that the clock has an alarm that goes off, unlike being long, so be
very comfortable about where you think the price will be when the timer goes off.
Just opinion and I am not a pro at options. Your broker is (hopefully).
Best of luck,
Wayne |
