| Author | Message | ||
     Kubang Celebrity Bewarse Username: Kubang Post Number: 35860 Registered: 09-2011 Posted From: 161.141.1.1 Rating: N/A |
Aug $350 C is priced at $8 now. stock is at 312, that means it has to increase ~15% from here to break even your call. to make a decent return, at least 50% on the call, it has to be $362 or 16% increase from present levels. what makes you think it will go up by that much in 30 trading days? what is the catalyst? technically chart looks weak in the short term. next support is around $305 and then $295. on the flip side, there is not much resistance until $350. however, risk vs reward basis, its not my kind of play. Ignorance is bliss |