February 12th, 2010. Posted by ThetaTrader
25.02 (-0.17)
02/12/2010 – ThetaOptions Margin Portfolio – AT&T Bullish position initiated
Since AT&T hit our target price of 25 in the IRA, we felt that the (MP) should enjoy some fun as well. Therefore, we’re initiating a bullish stance on them by selling the PUTs & buying Calls. When & IF the stock rises above 27-28, then we will consider selling monthly Calls against our LEAP position. Read the rest of this entry »
February 12th, 2010. Posted by ThetaTrader
25.00 (-0.19)
02/12/2010 – ThetaOptions IRA Portfolio – AT&T JAN11 Div Initiated
We’ve been waiting to make a nice dividend play on AT&T since the beginning of the year & today we finally took the plunge. This position is designed to make 10% even if the stock falls down to 22.50, that’s 10% below today’s price of 25.0. That’s right, you heard that correctly…WE WILL MAKE 10% IF THE STOCK DROPS 10% by the end of the year. In addition, AT&T pays a qtr dividend of 0.42 cents per share, which means we’ll take 5% right there alone. Read the rest of this entry »