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Re: Buzzlityr post# 36538

Tuesday, 05/31/2016 11:11:59 PM

Tuesday, May 31, 2016 11:11:59 PM

Post# of 47873
For the $1.40 options to be financially beneficial, wouldn't the sell price need to be a bit higher that $1.40? Not sure what the premium cost is, if any. Maybe I saw cashless somewhere. I am no expert but it would seem one would only gain the margin above the strike price. Putting it in perspective, I think there are about 13M options at $1.40 so a $1.50 sell price would result in $1.3M to divvy up among the 8-10 options holders...woo hoo, not much to get excited about. Need a bigger margin to result in some play cash

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