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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: SpecialK who wrote (8182)4/15/1998 8:48:00 PM
From: SJS  Respond to of 42804
 
Question 1 is easier than 2.

To call the stock from options, you need cash + margin, like the man said. To call 10, 20 strike options, you need (cash & margin) $20,000. To call 30, 20 strike options, you need 60,000 (cash & margin). The conversion math is easy( number of options * strike price * 100) = cash needed to purchase (plus any commissions to exchange the options and buy the stock, depending on the broker...)

So look in your account and see if it totals up....Maybe you don't have all the cash you need and don't have a margin account, so you can't do it all....



To: SpecialK who wrote (8182)4/15/1998 8:57:00 PM
From: Sector Investor  Read Replies (2) | Respond to of 42804
 
<<I own these calls and I wanted to call the stock and sell it>>

You wanted to call the stock and sell it? Why not just sell the calls?

You don't have to do anything with the stock itself. What was it you really wanted to do? Selling the calls by themselves is simple indeed.

Are you confused or am I in reading your post?


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