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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sat Oct 09, 2004 9:21 am Post subject: CY chart |
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CY reports earnings Thu. CY has already warned and subsequently fell. The CY Oct 7.5 calls closed at 1.60 and the Oct 10 calls closed at 0.10. If CY bounces e.g. to 10 1/2 on earnings Thu, the Oct 10 calls will rise at least 400%. Calls can be hedged with puts, e.g. the Oct 10 puts closed at 1.
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