A few days I purchased some $10 Jan 2012 Calls at 0.35, if the world economy finally recovers I will be richly rewardes, if not Drys will surelly be worth less than $1. Lets hope for the best.
It has to go to 10.35 just for you to break even..........you need to read some books on options....
So if he bought those calls at .35 cents and they go to 10.35 he would break even.......WHAT......I would think he would make 10.00 profit
The 7.50 seems achievable.....8+ by 2012??if not I'd say there are serious problems.
You wasted your money. 99% will expire worthless. Only buy deep-in-the-money and out 2-3 months.
I saw those...however I am new to options. Lets say I have 1k to play with and buy those calls.if DRYS hits 10.50 by jan 2012 how much money do I have?say it hits 20...thanks for your help