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JLS

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JLS

Re: None

Friday, 01/31/2014 4:20:17 PM

Friday, January 31, 2014 4:20:17 PM

Post# of 2000
ZNGA option trade,

Did one of these last year. Made a little, nothing to yelp about.

Last year I just bought Calls and left it at that. If I had done what I set up today, I would have made a lot more.

So ... just sold ZNGA Jan 17 '15 $4.00 Puts for $0.70.

Then bought ZNGA Jan 17 '15 $4.50 Calls for $0.90.

Total cost is therefore 20 cents per share.

Worst case scenario is that the stock trades below $4 next January and I am assigned the shares at $4/sh. Best case scenario is to the moon.
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