AI
Monday, March 16, 2009 9:51:19 AM
1) buy 2 ~YPXAE~ (jan 16,2010-25 calls)(309 days left) @ 16.15 x 16.45 = $3290
2)sell 2 ~FCXDG~ (apr 18,2009-35 calls)(36 days left) @ 4.65 x 4.75 = $930
3)buy 8 ~FCXPG~ (apr 18,2009-35 puts)(36 days left) @ 2.70 x 2.72 =$2176
that was the move...unfortunately his account wasn't set-up with margin privileges,IB does not consider the LEAP as coverage,so,it's classified as short instead of a covered-call like structure...
I'll have to settle for a few puts...10 april 35 puts @2.627
2)sell 2 ~FCXDG~ (apr 18,2009-35 calls)(36 days left) @ 4.65 x 4.75 = $930
3)buy 8 ~FCXPG~ (apr 18,2009-35 puts)(36 days left) @ 2.70 x 2.72 =$2176
that was the move...unfortunately his account wasn't set-up with margin privileges,IB does not consider the LEAP as coverage,so,it's classified as short instead of a covered-call like structure...
I'll have to settle for a few puts...10 april 35 puts @2.627
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