Pozen Inc. (POZN)

[The_Free_Nebula]

No...That is the strike price bUrRpPPP! Qouted. Actually he did not say how much he paid for each option contract...Of course the price varies...So as an example...Suppose one of those May $12.50 contracts is quoted to cost $1/contract x 140 contracts x 100 since that is howw many shares are leveraged...It would have cost him $14,000.00 for the investment...

If all goes well he is could be selling them between 5 - 10 bucks per contract..BTW don't get confused about the strike price in the equation. the bet is that POZN will be $12.50 or more before the options expire (3rd friday in may)...The stock was frozen at $13.15....he is already in the money

Go here for options info...No you did not ask but I was passing through

http://www.cboe.com/LearnCenter/Tutorials.aspx