(assume) you Hold Humana,   HUM bought at 48.00, or are looking at NANO

ABSOLUTELY NO GUARANTEES IMPLIED ( IF you don't understand this... STOP reading HERE , NOW )

Mar 50 Calls trade at +0.45....and Apr 50 @ +1.30  . a delta of 0.85 /mo

Mar 49 Calls trade at +0.75...and Apr 49  @ +1.70 , a delta 0f 0.95 for the closer price

AND

Mar 47 PUTs trade @ +1.00 ... and Apr 47 puts @+1.95   ..diff of  0.95 / mo

Mar 46 puts          @ +0.65 ..and   Apr 46  put @ +1.55  ..0.90

the 49 & 47 positions return  1.75 for Mar, or +3.65 for Apr  ... IF expired

a $17.50 traded 10 time /yr for a 48$ stock

..Why do I like OPTIONs

Yes, the stock could go to $60, or even $40

( below $30 is a 1% exposure to Gov. dominance)

and other problems GREATER than the value of Humana would exist...

can you BUY GAS... for any price ?

NANO next