May 8th 2006 - WTR

Dykstra picked the September 20 Call for WTR Aqua America Inc.

Option price: $3.80
Stock price: $23.23
Approximate premium: .57-cents

The stock traded to a high of $23.62 on June 1st 2006, a gain of $0.39.

If 10 contracts were purchased:
Would the minimum of $1000 been made: No, not yet.
Maximum gain potential as of June 16th is: $390

June 21st Update - Stock traded to $22.05 today so still down. The option last traded at $2.40 with the same bid. The current ask is $2.95.

June 26th Update - WTR traded up .25-cents today to close at $22.42, still down from where it was when the option was recommended. The option last traded at $3.00 with a bid of $2.70 and ask of $3.20.

July 17th Update - WTR is currently trading at $21.72, down from $23.23 when it was recommended. The option is trading at $2.30 with an ask of $2.50 and bid of $2.05.

September 11th Update - On Septemeber 1st the stock hit a high of $23.93, but still below the $1 gain required. The option is currently trading at $2.15 so likely not a complete loss.