Replies to post #49 on Ced's High Risk Options

[ced70]

It's gapping this morning. IMO it will be lucky to get over 40.50, but if you got that call option yesterday you should make out about 30-40% ahead. I will be watching for a 40 Feb07 PUT option if it gaps up to 40.50 or so. You should be able to pick those up for 25 cents or so.

I picked up 110 Feb07 Call contracts for 40 dollars each yesterday before close. I am looking for an exit around 55 today in the AM.