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brown

Registered: Dec 2007
Posts: 31

01-05-08 11:43 PM

What do you think about buying a call option for ETFC? They are down to 3.24 now, Im thinking about going in as it is so cheap to get a call it wouldnt even be a loss if I did end up going down. What do you guys think?

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sellingrich

Registered: Jan 2002
Posts: 549

01-06-08 12:45 AM

I put them on my watch list when this subject first got posted, the options were .50 and .90 for 4.00 and 5.00 April calls, they are half price now.

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stock777

Registered: Jul 2001
Posts: 15405

01-06-08 06:52 AM

The stock is already a call.

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spindr0

Registered: Nov 2005
Posts: 4166

01-06-08 02:23 PM

If you're bullish, buy the zero strike call (trade the stock).

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bt116

Registered: Nov 2007
Posts: 140

01-06-08 03:21 PM

Seems in this case the option provide very little risk reduction in terms of price. no one really has any idea when etrade will bounce back (if it wll bounce back). but @ less than $4, you have very little downside, and $0 theta risk. if you want to go long, the stock is the play.

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newguy05

Registered: Oct 2007
Posts: 1762

01-07-08 02:02 AM

i like chris' idea, buy the 2010 $5 call at $1.2. Basically if etfc doesnt go bankrupt, it should bounce back. If it does go bankrupt, you lost 1.2 instead of 3.2 (underlying price)

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