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To: Douglas V. Fant who wrote (11181)6/16/1999 10:19:00 PM
From: Georgecc  Read Replies (3) | Respond to of 19080
 
20,000 calls (contracts, each contract represents 100 shares) were purchased at 1.625 (or 162.5 per contract) = $3.25 M
they are now worth about $8 or $800 per contract

If they are exercised and sold same day this will add 2,000,000 to the volume on Monday.

20,000 x (800-162.5) = $12,750,000.00 profit

or look at it this way, 800 / 162.5 = a 5 bagger on an 8 point move!



To: Douglas V. Fant who wrote (11181)6/16/1999 10:44:00 PM
From: Georgecc  Respond to of 19080
 
BTW, Ironic isn't it, two years and 1 month ago...

the starter message for this thread:

Started By:
Date: May 8 1996 2:41PM ET
I own June 33 and 1/3 calls. Anyone know how their Q4 is going?

The stock is almost exactly at 33 1/3, two years later, but it must have made a 3/1 split just before that or there wouldn't be a 33 1/3 strike price. It has only split once since then.



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