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Strategies & Market Trends : Classic TA Workplace
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To: Win-Lose-Draw who wrote (158480)1/1/2008 3:11:44 PM
From: skinowski  Read Replies (1) of 209892
 
What do you think about going long C -- and selling a straddle? One year out, the stock would have to come down over 8 points for this play to lose money. If it rallies instead, the two premiums will add up to a very nice return for the year - plus, the 7.4% dividend - provided, of course, that it survives... As things stand, the stock is near its 200 *month* MA, close to testing the lows of 2002.

If desired, a cheap OOM long put may protect the downside some.
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