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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (4506)3/9/2000 3:04:00 PM
From: Poet  Respond to of 8096
 
That was beautifully and clearly explained. Thank you very much for your generosity. It's such a pleasure to have you here.



To: Bridge Player who wrote (4506)3/9/2000 3:19:00 PM
From: Bridge Player  Respond to of 8096
 
Error correction:

<< If you buy a 100 strike for $100 per call, the stock must move to $300 by expiration for you to double your money. >>

That should read buy for $10,000 per call; the option is quoted at a price of 100.

<< Same thing to buy a 200 strike for $53; the stock must move to $306 by expiration to double your money. >>

That should read buy for $5300 per call; the option is quoted at a price of 53.

BP


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