Replies to post #68548 on ALL THINGS AWESOME (ATA)

[meegwell]

Chris what are you using for options data/quotes?

[chris8sirhc]

just added 2 long $15 strike price puts for Jan 2013 for FMCN.

[Modern_Rock]

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(delete me)

[Modern_Rock]

need to redo the math on the % return. If it tanks $10 pts, you are up 10x = 1,000% not 1,000x . since your puts are around $1

[smittygoodcall]

Trying to understand this:

So if the 5 put contracts expire worthless...you are only out 5 x $1.50 or $7.50 plus trading fees...is this right?