Calls and Puts for Income Message Board

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Strategies & Market Trends : Calls and Puts for Income

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To: Ira Player who wrote (150)	4/12/2007 1:04:17 PM
From: Bridge Player	Read Replies (1) of 5891

Ira, there is a fairly conservative buy-write available in MOT this morning. With the stock at 17.40, the May 17 call is .80 bid (maybe even .85 with a little patience), net cost 16.60, return-if-called is .40 on 16.60 cost for 2.4% in 38 days counting until Monday May 21, after May expiration, 22.8% annualized. I would judge the probabilities of being called out at 75%+. One thing I like about MOT is the interest by Carl Icahn, which tends to support my view that MOT at this price is excellent value, in spite of recent negative news and publicity.

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