Cramer's MSO Plays

Discussion in 'Options' started by rrisch, Feb 28, 2004.

  1. rrisch


    I hope the cognoscenti here can comment on the latest from JC.

    In on Feb. 25, he recommended both the 12.5 calls and puts with both going for $2.5. I guess he thought the $5 long straddle was worth it.

    In, on Feb. 27, he confused the heck out of me by commenting on the previous, "You could ring the register on the calls and pay for the whole position and then some".

    He then went on to suggest a play he was really proud of. He claimed that, "You are in a delicious position: a long call/short common position with a massive upside and no downside" and "Now that's trading!".

    He was suggested buying calls (strike not specified) and selling short half the equivalent number of shares of the stock.