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CryptoLogic Limited Message Board

  • markofbklyn markofbklyn May 5, 2005 9:50 PM Flag


    it looks like they think the stock could pop to 35 by may 20. the option is .40 to .60. the stock has not hit 35 yet they price the option which is 4.00 out of the money. this looks like the kind of option i would sell covered. even if cryp blows away in earnings next week could the stock really go more than 4.00 higher.that would be like a 15% gain which is a lot. though if cryp does get a takeover offer chance are the stock could fetch a 50% premium over todays close. this is my opinion. in the case of a takeover then it's obivious that the 35 calls would be a great investment. but i doubt that would happen. still you never know how people would react to the earnings. as always do your own research