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Re: S&P 500 (was AOL, CSCO, & WMT)
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(I have a problem with the terms "could have," and "would have," hence I am
asking for clarification with the 3 questions below).
>On Friday last you could have bought the AOL 160 February option call
contract for 1/16 during the first hour of trading.
Did you buy at that price?
> A couple three
hours later that same contract was trading at 1 9/16 (check it out if
you don't believe me).
Did you sell at that price?
>One hundred contracts would have cost you
$ 625 and returned you $ 15,000. One thousand contracts would have cost
you $ 6,250 and returned you $ 150,000. There's your 2400% for that
month in less than three hours.
Did you buy a hundred, or a thousand?
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