Exact(8)
The third set of options vests if Merrill stock climbs $40 a share.
Analysts said unless the stock climbs back, Globalstar might be stuck $70 million short of its $105 million goal.
Based loosely on the book by former trader Jordan Belfort, The Wolf of Wall Street stars Leonardo DiCaprio as an amoral money man snorting his way through multiple millions as the stock climbs higher and the party gets louder.
That allows you to profit if the stock climbs, while protecting you from a tax disaster if it tanks.
The strategy's profit and loss graph looks similar to a bull call spread with limited losses and limited gains if the underlying stock climbs.
Appel says the trend would become bullish if the stock climbs higher than its June high of $15.35, or better yet, above $17.
Similar(52)
Google's stock climbed 4.43 percent, to $799.87.
How much higher can airlines' stock climb?
The company's stock climbed 8.55 percent on Thursday.
G.M. stock climbed 44 cents, to close at $60.81.
The stock climbed $4.11, or about 32percentto to $16.81.
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