December 27th 2005 - SCHL
Dykstra picked the June 25 Call for SCHL Scholastic Corp.
Option price: $4.80
Stock price: $29.09
Approximate premium: .71-cents
The stock traded to a high of $30.48 on January 27th 2006, a gain of $1.39.
If 10 contracts were purchased:
Would the minimum of $1000 been made: yes
Maximum gain potential: $1390
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