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Re: Theo post# 384

Friday, 07/01/2011 2:55:13 PM

Friday, July 01, 2011 2:55:13 PM

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For 500 bucks + commissions you can buy 100 3.00 July calls.

You can exercise those and get 33 shares for every contract.

That's 33 x 100 = 3,300 shares.

3,300 shares are worth 22,700 at the moment.

What is wrong with my math?

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