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To: Crystal ball who wrote (8158)5/18/2001 6:43:36 PM
From: Uncle Frank  Read Replies (4) | Respond to of 10934
 
>> Ouch, $20 to what $23 now...could have leverage a nice profit.

Pmfji, but you are confusing the option's strike price with the stock's price. SB indicated he was buying May 20 strike calls on 5/14. The trading range that day was between 24.05 and 21.75, which is only marginally lower than today's range of 25.25 to 22.75. That's why he was only able to close the position at break even.

uf