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Post# of 72979
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leemalone2k3

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leemalone2k3

Re: Empire State post# 27829

Sunday, 06/29/2008 7:24:55 AM

Sunday, June 29, 2008 7:24:55 AM

Post# of 72979

If you think WM could close above 5.00 on expiry, you could sell 100 5.00 puts, making the trade into a vertical spread, and bring in that premium to make a profit. But if it doesnt close above 5, you will take a much larger loss.



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