Just wondering if anyone else has seen this.
GTE trading @ 35.5 / 36c
GTEO 14c or so
Calculation is
Buy 100,000 @ say 14.5 cost $14,500
Convert to exercise price of 30c cost $15,500 = 30c exercise price takes 3 days to convert to head shares.
Sell 100,000 Friday @ market 35.5./ 36c
Returns $35,500 outlay was $30,000 or so
Profit $5,000 to $5,500 3 days ?
Is this correct !!!
