Gee whiz, if you can actually get them to execute at that price, short the stock, exercise the call, and cover the short. An ask of 2 on Jan 5 calls with the common near 15? That would be >$7500 profit per 1000 for little to no risk. Even if the stock fell 2 points while you were executing the trade, it would still be worth $5500 per 1000. Something is screwy,or they're giving away free money. I'll be looking at this with great interest Monday morning, but somehow I doubt that it will work. Sure as heck my broker gives the quotes that you do, and the root symbol for EFII is in fact EFQ.
>>>EFII closed at 14 7/8, so I can understand the Jan 15 calls selling for 2 3/8 to 2 3/4. But the Jan 10 calls have an intrinsic value of 4 7/8, plus four weeks of time value. How can they be selling for under 5, let alone under 2? Likewise, the Jan 5 calls have an intrinsic value of 9 7/8.<<<
Barb |
