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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?


To: Roader who wrote (3557)4/3/1999 7:03:00 PM
From: Gary Korn  Respond to of 6439
 
I don't know how much sense this makes b/c if you sell the 35 calls and you get the stock for 32/14 and the stock is > then 35 you lose it. Seems like a lot of brain damage for 2.75.

$2.75 against $35 is a return of 7.8% in 6 weeks, or 67% annualized. That seems worth some brain damage to me. Of course, if the stock doesn't get called away, the return is less buy you get to do it all over again for the June calls.

Gary Korn