Friday, 18 January 2008

Buying some OTM Feb DOW Calls

Just paid 64 for a Feb DOW 12900 Call. Expiry Feb 15th. In $100/point, so $6400 premium.

Markets are obviously volatile, and I figure I can double my money on a 300 point rally, whilst limiting my exposure to just 64 points. Looks OK to me.


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