Options4LifeSep 21, 12 4:35 PM
Sitting pretty so far up 100%... can't wait for news that the preferred dividends in arrear will be paid and this will easily hit my $4 target price...
Open Trade
GKKLong Option
Entry comments: Shareholder liquidation value of this thing is around $2.50, so with it so cheap and earnings release on August 9th, entering into the trade. There has been a run-up in their preferred GKK-A since they stopped paying the dividend on it. Since it is cumulative, that's a good catalyst for me...
Broker:TDAmeritrade
| Date | Price | |
|---|---|---|
| Entry | 7/26/2012 | 0.27 |
- Total Views151
- Position Size12,500
- Option TypeCALL
- Strike2.5
- Expiration2/16/2013
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