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  • normlasky normlasky Jan 17, 2011 2:23 PM Flag

    Looking for BBT to push 40

    Advantages - Several months ago I bought bbt 2013 call contracts - strike 20. I paid around $450 per contract where 1 contract equals 100 shares. Basis for buy was that bbt share price would double by 2013 and my $450 investment for 100 shares would give me a 5 to 6 bagger on my investment.

    Disadvantages - no dividend, 3% annual call premium, less liquidity, sizable spread between bid and ask.

    I like the tradeoff so I went long.

 
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