March 27th 2006 - FPL
Dykstra picked the September 35 Call for FPL FPL Group Inc.
Option price: $5.80
Stock price: $40.68
Approximate premium: .12-cents
The stock traded to a high of $41.97 on June 9th 2006, a gain of $1.29.
If 10 contracts were purchased:
Would the minimum of $1000 been made: yes
Maximum gain potential: $1290
Dykstra suggested buying more when the contracts went down to $4.70.
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