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Strategies & Market Trends : Value Investing

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To: Daniel Chisholm who wrote (9838)2/1/2000 4:35:00 PM
From: sjemmeri  Read Replies (1) of 78470
 
I bought MO today and sold Jan 01 $25 calls at 2 13/16 against it. This limits my upside through next January to about 43% total (gain+call+div)if MO is over 25. If MO hangs
around below 25, I'll make 23% plus still have stock. If they go bankrupt, I lose 87% - any dividends collected in meantime.
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