### Comment:
he owns all the calls at strike 29 of Tata Motors expiring in April 13.  
  
 1. the average #contracts for this stock is 50, he bought 225 for a total of $1,000.  
 4. he can't recoup the $1,000 b/c they are worthless at the current stock price (he could maybe get something, like $100).   
 3. the stock is at 26, and going down.  
 4. by Apr 13 they expire worthless and he is out of $1000.00

### REPLY:
So he'll break even if tata hits $29 before April 13  and he sells correct?

### END.