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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (1565)3/8/1998 10:51:00 PM
From: Sal D  Read Replies (1) of 29382
 
Sergio Im going to get back to the discussion on options back here on the Amigos thread. I will take a look at the options thread here on SI. To do a paper trade and track it will take to much time to develop Im going to scrub that idea for now if you dont mind.And I do believe that you are correct in that I am over complicating this.

But if I may one more question please and I will try not to bother you with this topic anymore.

Lets assume I have 25 contracts on an April 22.5 call and that I paid 2 1/8 for each contract. On April 15 two days before expiration the price of the stock is 26 1/8 and the price for the April 22.5 call is now 3 5/8.

OK now I dont want to convert them into shares I want to sell my 25 contracts for the 3 5/8 each. Can I do this, and how would I do this, and who is buying them?

Sorry Sergio
Joe
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