(2)contractsVSCAE and (1)contractFLRAQ Jan 09
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(2)contractsVSCAE and (1)contractFLRAQ Jan 09
Purchased (2-contracts) VSCAE which split
2for1 and( 1-contract) FLRAQ both due to expire Jan. 09. Original costs:VSCAE-2 contracts 96.60 or 19,320.00 total. FLRAQ-1 contract 105.00 or 10,500.00total. My opinion,buy the the stocks even though I,m in the hole. Both stocks have split since I bought the contracts.I,m out of the money a ton! However the stock price of both stocks are above my strike price when you consider the stock splits.I am thinking of buying the stocks. Your opinion and advice. Thanks-CKS CKS, The price you paid is completely immaterial. It has no bearing on what you should do now. Neither does the fact that the stocks have split. 1) The whole point of buying options is to limit risk. It's not a good idea to buy options that are anywhere near $100 each. I agree that it was better to own these options than stock, but it's a shame you lost so much.Best regards, Mark -- Mark D. Wolfinger The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options website: http://www.mdwoptions.com blog: http://blog.mdwoptions.com/options_for_rookies Free eBook: http://www.mdwoptions.com/freebook.pdf |
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