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Re: PUNKIN611 post# 310956

Monday, 02/14/2011 2:24:25 PM

Monday, February 14, 2011 2:24:25 PM

Post# of 432680
Another way to do is create Synthetic long option. Need good margin power
Example when IDCC was about $50.50
I Bought Feb 11 50 Call for about $2.30 and financed buy selling PUT $50 for about $1.80 net cost of $0.50
Now at $56.77 Call worth $6.75 while PUT worth 5 cents. Since it is only few day left. I will let PUT expire.

I also did it for march 45 (worth $12.50) and June 50 (worth $10.1) at 7 contract each.
To minimize down size, I close out all PUT (except FEB) to be safe let CALL run wild with mostly free cost (after subtract put profit)
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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