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Sirius XM Holdings Inc. Message Board

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  • mardermj mardermj Dec 13, 2004 3:00 PM Flag

    bought on margin @8.1, what to do?

    Sell a June 7.5 option to own your stock for $2.10 cents, and then you'll have laid out $4.05-$2.10 or $1.95 with a return of $1.50 in the next six months or 75%.

    The only problem you have is, you didn't buy enough shares to make this a smarter move than holding and praying.

    You need to buy three times as many shares.

 
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