Replies to post #12639 on Options Wonderland

[leemalone2k3]

Played this one like a fiddle!

Heres how I entered the trade:
Bot 10 Jan 45 calls for 6.22= -$6220.00
Sold 10 Jan 50 calls for 4.10=+$4100.00
this cost me 2.12/share or $2120.00 for 10 contracts.

I bought back the 50 calls on the afternoon dip around 3:06 for 3.80 for a $300.00 profit.
Then sold the 45 calls 2 mins before the bell at 6.70 for a 480.00 profit.


It's rare for a play to turn out like that in a one day span.

[3xBuBu]

LDK Jan 2008 40.0000 put jumped more than 200% today :)