RE:RE:Do you remember the 150,000 march 17 options buy ?If market price bbd.b at 61.00 or less , i suppose he will loose
If he choose to exercise the call option, he will get bbd.b at 62.00 and sell it at 61
So he loose the commission paid to buy the call option, ($1.80- $1.90 per share) + the commission to sell bbd.b at 61,
Add to that a lose of $1 per share
May be some one with extensive option trading can correct what I just said
Even at $62. He will loose (1.80-1.90) per share +
To break even or make a profit, bbd.b must be trading at $64 or higher
Please correct if needed