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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: amoezzi who wrote (4664)	10/17/2010 3:45:20 AM
From: dealmakr	Respond to of 5891

"Did you watch CNBC's Option Action" I try and catch the show if possible as the boys come up with some pretty good outside of the box thinking on options plays. That said the play that was described; Short Put 290 +5.20 Long Call 320 -12.80 Short Call 340 +6.60 ------------------------- Total -1.00 Potentially you make $20 with the risk of owning the stock at 291. Risk of a buck to leverage a possible 20-1 payoff isn't bad if you want to take a flyer. You must be willing to own the stock @290, so its a bullish type of wager. dealmakr