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From what I have read if you buy the following call option: [email protected]
The cost of this option would be $250. Your break even amount would be a stock price of $42.50
If the stock rises to 41 why not exercise? You've already spent the $250 to purchase the option...might as well get the stock at 40 instead of market value of 41 right?
Oh wait...the break even price is for trading the option...not buying the stock. You won't make a profit on it until it passes $42.50.
Can you help answer these questions from other members on NexusFi?