Fri, May 24, 2013, 9:54 PM EDT - U.S. Markets closed
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Glad I bought 5k shares at 3.94. Along with my shares I bought 100 Jan 2011 2.50 put contracts at 0.51 cents each. If this goes to $12, I net $35k profit. If the shares somehow get wiped out I loose about $100.
You should always factor in when dealing using options what happens if the stock doesnt do much either way!
good eye....nice call
>>>Along with my shares I bought 100 Jan 2011 2.50 put contracts at 0.51 cents each. If this goes to $12, I net $35k profit<<<Wouldn't this alone net you $90,000 profit?
You're right. He should take another look at his math. That trade (stock and options) with stock at $12 should show a gain of about $130,000 minus long-term capital gains and transaction fees.