APCO Automobile Protection Company Message Board

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Non-Tech : APCO Automobile Protection Company

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To: Kulnor who wrote (2078)	5/4/1998 12:26:00 AM
From: Gary S. LeBlanc	Read Replies (1) of 3351

Thanks. The June 15 calls are .75 and the July 15 calls are 1.25; but neither traded last Friday so that could change when and if I try to sell some. The June calls expire on the 19th-approximately 6 weeks away. If I sell 10 contracts I receive $750 minus $39 which is $721.So : 721/(1000 x 13.50 ) = 5.33% Which equates to 1.0533^(52/6) or a annualized return of 56.88%. That's if my stock does not get called away.If it does get called away the math is: ((1000 x (15-13.5))+ 721/(1000 x 13.5) = 16.45% which equals an annualized return of 274% Sorry. Didn't mean to get carried away. Gary

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