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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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From: Petz2/4/2009 10:49:25 PM
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Hey guys, here's a good deal. For those wanting to recover a little of their investment capital tied up in SPSN. If you've got 1000's of shares, keep your stock and sell the January 2009 calls at stike price of 2.5 for $0.05 each. There's a pretty big bid at $0.05, so you can get nearly the same amount of money (77% minus the higher commissions) as you'd get for selling the stock at 6 1/2 cents. But if, it miraculously rose to $2.50 in less than a year, you'd still collect 38x what the stock is now worth.

The symbol is LVPAZ.

Petz
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