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Strategies & Market Trends : Options
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To: PAL who wrote (7647)5/7/2000 2:20:00 AM
From: cthruu   of 8096
 
I was lurking again after a long time and saw your post.

Try MO. Stock is at 23 1/2, you can collar it for total cost of around $10 ( sell $25 calls and puts). Additionally there is a dividend of $1.92 per share which reduces your cost basis to 11 5/8.

You will sell calls now and sell puts on a little pullback to 20 or so - do not place both at the same time.

% return is much higher - over 200% if the stock is called out.

Regards:

GP
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