Monday, June 18, 2007

Update MVIS

I sold a portion of my MVIS shares at $5.47 today to cover my recent December $5.00 call options(see previous post). Nothing really has changed except for my leverage. Basically I converted a portion of my shares into options contracts. This will increase my exposure to MVIS. The main difference aside from volatility is with respect to expiration dates. My shares of MVIS will not 'expire' but the options can and will expire on their specific target dates unless I activate them or sell them prior to their specific dates.

1 comment:

jeremy said...

can your options turn into common shares? what do you mean activate them?