InvestorsHub Logo
Followers 2
Posts 316
Boards Moderated 0
Alias Born 08/09/2005

Re: SyndicateTwo post# 53

Wednesday, 05/07/2008 10:50:54 AM

Wednesday, May 07, 2008 10:50:54 AM

Post# of 101
Thanks S-2. Yeah, I had not heard anything from you on the $10K account for awhile, I just assumed when you said SIGM was a dead stock you would be selling it in that account also.

Novice question, and I don't expect you to have to go into a long explanation, but just some basic reasoning. When I bought the SIGM $22.50 July Calls, the stock price was $22.76 and the call price was $4.20. Now, after the stock price went below $16, and now recovering over my initial buy price of $22.76 to the $23.50 range, the call price is still "way back" at $2.70.

What will it take to get the call price back to $4.20?

Thanks.

Steve Nix

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.