Sunday, March 18, 2007

US Options expiring Elan + Novartis + Rackable

US Options expired on friday
These expired worthless

1 Contract = (ELN-N) Elan ADR'S mar07 15 Call
Exchange = Chicago Board Options Exchange (Agent)
Quantity = 8
Price = $.45

Gross = $360.00dr
Net = $440.00dr Loss

2
Buy to open 6 Novartis mar07 60 Call @ $.65
Net loss = $ 450

3 Buy
to open 4 rackable systems mar07 22.5 Call @ $1.
Net loss = $ 440
Total net loss on these 3 options = $1330

loss offset by gains in the put options on HD + HRB +HON



No comments: