Wednesday, April 30, 2008

Etrade - what I´m doing

Etrade is back above $4. A rate cut could shove it to $4.50
I notice thatthe options are not really very valuable.

The May $4 expire in 2.5 weeks. The stock is $4.15.
But the call is only $0.30 or 3.5% (after subtracting the amount already in the money)

The June $4 expire in 6.5 weeks. They sell for $0.50
That´s 8.7%, better but less dramatic than we saw last month.

I want to wait until tomorrow or Friday to decide the month and the strike price.
I would love an opportunity to sell June $5 for at least $0.30

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home