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LeapFrog Enterprises Inc. Message Board

  • bowhunting21 bowhunting21 Feb 12, 2013 12:58 AM Flag

    Advice on Option

    I had purchased 1 Feb. $5 strike, call option for $4.80. So I am not at my breakeven point. Do I try to sell the call option for just a about a $60 loss, or should I just exercise the option. Also, do I just let it expire and it automatically exercises or what? What is the best for commissions. THis was my first option purchase ever.

    Sentiment: Buy

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    • I generally don't like dealing with options, especially on a stock like LF which is volatile so there seems to be a nice premium built in. I can't say I didn't look though!

      You still have a couple of days though so why not let it ride? The stock has good momentum after yesterday. You'll have to check with your brokerage about their policies and fees. I don't think most places exercise automatically. Remember if you do 1 call is 100 shares so you'll be buying about $930 worth of LF.

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