Replies to post #7480 on Abet Chichi2 (Chichi2)

[Profit_Ace]

Xe2dy..yes if MANU closed at less than or equal to $7.50 on the 3rd friday in april, you would lose your $185+commission. However if MANU went to $15.00, you would net more like 300%+ on your initial investment of $185+comm because your option would be worth $7.50 which if sold would net you $750-comm. Most people would sell the option rather than exercise it. Exercising means you would take possession 100 shares of MANU (which have now a market worth of $1500.00) by simply paying the seller $750.)