Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.60

+0.9%

Dec 22 3:59 PM EST

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To: md1derful who wrote (6109)	2/2/2001 3:34:54 PM
From: md1derful	of 6439

Well, I went ahead and closed out the option spread position I had today, since each had moved so far in the money that there was no delta (or whatever ya call it)..thus the Jan 02 30 leaps, bought with the stock at 19 (about 1.5-2, cost average) were closed with a credit of about 16!!! considering that I also had to buy back the Feb 42.5's....I'll look to establish another long option position if the stock fails to make new highs over the next couple of trading days...all in all, us longs should be tickled pink doc

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