Welcome to the Crystallex HUB on AGORACOM

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: Am I going crazy gentlemen?/ Bid/Ask higher on Jan 09 calls

On the sell side it's a very good return. Covered right - buy stock at $1.65 and sell the 2.5 call at $.30 or .35. In effect you own stock at $1.30 and when Kry goes up(over $2.50) you've made almost 100%. If stock does nothing and stays here you've made approx 20% in 8months. For myself, I think the buy side is the risk as one won't breakeven until Kry hits $2.80 and from here you've lost $1.15. The stock should be bot vs the options - too much premium in options.

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