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Post# of 648882
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ced70

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ced70

Re: Stock Lobster post# 17119

Sunday, 02/18/2007 1:31:18 AM

Sunday, February 18, 2007 1:31:18 AM

Post# of 648882
Well....I hope it isn't because I have short shares. I actually will own (short) 15600 shares of AAPL on Tuesday morning. The reason is I spent 1400 dollars on 156 Feb07 PUT contracts 2 minutes before close. I paid .0875 cents per share compared to an actually of 84.92. So for every dollar it moves up or down I make 15000 dollars. So if it moves down to 84 I have a 10 bagger. However, you can lose more then you put into it when you do this. You have to be very careful. I will have a margin call of 15,600*84.92 = 1,324,752 dollars.

CALL or PUT at your own risk. I offer opinions and nothing else. Good luck.

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