Replies to post #384 on RAIT Financial Trust (fka RASFQ)

[Stock]

the options are non-standard now.

you get the right to purchase 33 shares with a call, rather than the standard 100

Still, even with that, the July 6 calls are in the money and are just a nickel. Every 15 cents above 6 is worth 100 shares. Right?

Also, the October 3's are way in the money, and are priced LOWER than the 4.00 calls.

I'm imaging what would be wrong with having those, but I can't see the problem.

[Stock]

There must be something wrong with my math

The July 3.00 calls are a nickel as are the 4s 5s and 6s.

I guess I should call and chat with a broker, I'm not understanding the price.

[Stock]

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?