Friday, September 12, 2008

Speculators Alert: Quick & Dirty Lehman Play

A quick play for all of you wildcat speculators:

Buy out-of-the-money Lehman (LEH) call options as maybe they'll be rescued over the weekend play.
Volatility is low on the calls and if you have a couple of bucks to burn, you might want to put this one.
Note that you can usually get your option order executed up to 20 minutes or so after the market closes.

To try:
January 10 call, NJSAB $0.50 bid x $0.56 ask
April 10 call, NJSDB $0.46 bid x $0.61 ask

Note: Try a entering a limit order between the bid and ask.
If nothing happens over the weekend, you can still try this next week.

Have a good weekend!

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