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To: Londo who wrote (21178)10/1/2000 1:22:21 PM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
I rarely play short-term options like this because I don't get into all the obscure mathematics that go with it, such as you listed.

The stock was around 49 when I bought my first lot - just out of the money. I bought more for almost nothing in what seemed like a reasonable gamble to double down.

If it doesn't work I take the tax loss and move on. CMTN's share price movement will depend entirely on the sentiment surrounding the earnings report.

That won't be quantified until the day after. The difference between what SHOULD happen and what WILL happen.