The Nov 17 options expire on Nov 24. The price of the heads need to be 55 cents in order for those holding these have the right to buy the same number of stocks as the options they hold at 55 cents. Depending on what they paid for the options, they could make a nice profit-say the price is 63 cents and they paid 2 cents for the options, the paper profit per share would be 5 cents a share. This is a simplistic explanation, and I am not the expert in it. I do know that its a good way to increase profit but it can be risky. Anyone out there want to add more here please do so. I traded out of my options a while ago and took some profit.
DYOR-I don't want to steer anyone the wrong way.
cheers
LPI Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held
