Quote:
|
Originally Posted by GottaDiesel
I just read the target price is inthe teens... around 16.
I call Bull*****. Look at the market cap figures. This is a company ripe for a turn-around NOT the grave.
Funny to hear me talk like that since I hate GM!
Man I really want to buy the stock.
|
Probably not the best thing to do - at least very much of, but if you must you can write the Dec 20 puts for a $1.10 right now. If it continues to fall - likely - you'll pay 120 and earn the 1.10 for an effective 18.90 and if it holds above 120 you keep the 1.10 I like writing calls to take me out if things get overbought and to write the puts to get back in. There's better ways to go - if it's just income write the EENC Dec 22.50 puts for 1.75 - you'll get the stock and earn a .17 cent dividend every month. If you do that understand that EENC's reserves are only good for about seven years though.
__________________
89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU
"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius
|