Wednesday, February 15, 2006

Roll CRYP or be called

CRYP Feb 20 Call.
The story here is different than AKAM, as it will definitely be called in 2 days and we will still own 300 shares. CRYP has had an excellent run from its lows to current 23.59 USD Up 1.27 (5.69%)











  • Dividend coming due. US$0.07 per common share. The dividend will be paid on March 15, 2006 to shareholders of record as at March 8, 2006. The ex-dividend date will be March 6, 2006
  • Looks like can only get .1 - .4 credit. Even at .4 and with dividend covering trading costs, it is only a 2% return for risk of holding.
Roll at .4 credit, as $320 (2%, annual 24%) is worth the downside risk.

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