Hi Terry! Yes, that's the one! Since the book was published in 1994, I tried to contact the author, and learned he had past away last year. I am in the process of developing a plan to follow the single digit ticker symbols. C, F, G, S, T, U, X, Z for practice. I am just learning. Have a position in S as of Feb. Sold the WRONG ticker, ITM conventional call and now am monitoring it for a dip to buy back and roll forward. Dumb way to start. Learning process started immediately, which isn't all that bad. Ofcourse, with most stocks dropping, S has been creeping up!
Noticed today that the Z possibility is as follows:
Buy Jan 01 5 .zfwaa at 2.25
Sell Mar 7.50 .zcu at .25
Offers a 11% monthly return if not called out.
8% return after expenses.
106% annual
Looks good to me.
Don't know if I can help you at this point, but would appreciate any comments. I am on the line from 8:30 a.m.-12.00 p.m. most mornings, Pacific time. Once in a while I sneak in a note prior to going to work at midnight, like now.
Best wishes to you! /Dick |
