Friday, February 23, 2007

Bought General Maritime may07 35 Put options

The idea here is to take advantage of special div of $15
Seems too good to be true?
Not sure if I am missing something in terms of
the mechanics of this trade!

Contract = (GMR-N) General Maritime may07 35 Put
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Buy to Open
Quantity = 6
Price = $.4
Gross = $240.00dr
Net = $300.00dr

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