Smuckers, $120, 4/15/16 100/95 collect $1.00
I get :
SJM closed at $115
April 100/95 is bid at $30. OptionsXpress says I might get $78 , $1.00 very unlikely
Prob = 82%
Using $100 yield = 100/400 = 25% in 160 days or 57% annually
Expectation = .82(1.00) - .1(400) - .08(200) = 82 - 40 - 16 = 26...