options

so I went long Citi today

4.50 strike
june 2011 expiration
$0.15 for the trade

currently +0.02 or ~+13%

commissions are not even covered yet, simply because the size of my trade...I can do larger trades, but felt starting with one contract was best.


edit:

my Greeks.
Theoretical Value: 0.28
IV: 20.548
Delta: 0.571
Gamma: 0.645
theta: -0.002
vega: 0.007
Rho: 0.004