Edited by skyymaster, 24 August 2007 - 08:38 AM.
Your Opinions on a Covered Call for LVLT
Started by
skyymaster
, Aug 24 2007 08:35 AM
3 replies to this topic
#1
skyymaster
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Posted 24 August 2007 - 08:35 AM
Any thoughts, is this a good low risk play? Be sure to read the option contract terms.
Thx
FWIW, long term chart looks like Cup & Handle formation. Looks especially good because it has take over 2 years to form. Any thoughts?
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#2
traderpaul
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Posted 24 August 2007 - 08:54 AM
Why? You have the stock and you don't want to sell?.....What if she is heading back to buck and a half?.....You will be the bag holder.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#3
DraggdOut
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Posted 24 August 2007 - 08:55 AM
chart to me looks ST bearish, LT bullish.
while I'm skeptical LVLT could make it to 7.5 by January, a Jan call--depending slightly on your macro prognosis for the global economy--is a bit of a way out, and isn't quite as good a short vol play as a call with less time premia, like a Nov call, for example. A lot can happen between now and Jan--perhaps even a new gearing up of the LBO machine...
#4
skyymaster
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Posted 24 August 2007 - 09:03 AM
Thank you for your feedback. I do not hold the stock was just scanning and looked "tempting" so I thought I run it by couple of people to see what they thought. It always helps to have another view.
Thanks again 
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
