February 6th 2006 - CVX
Dykstra picked the June 50 Call for CVX Chevron Corp.
Option price: $8.60
Stock price: $58.00
Approximate premium: .60-cents
The stock traded to a high of $63.65 on May 11th 2006, a gain of $5.65.
If 10 contracts were purchased:
Would the minimum of $1000 been made: yes
Maximum gain potential: $5650
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