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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: Boredom Trade
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Boredom Trade
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no_bear
Feb 05, 2008 09:03AM

For those of us who don't but might like to do such things...

Trade school 101, plese let me know if I go this right....

 Someone out there now has the right but not the obligatioin to sell you 10,000 shares of KRY at $5.  This person is hedging and will not sell unless the price is less than $5. 

 You are betting that the price will be in excess of $5 and you will be able to walk away with $33,000.  If KRY goes belly up you could be in the hole $17,000.

How did I do?

 

 

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no_bear
Feb 05, 2008 09:41AM
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