Seeking Alpha
  • Ocean Man
    If you liked the effect of MO's 7% dividend increase today, you'll really like PM's, which is due soon and was 20% last year.
    8/24/12
    Reply (11)
    • TruffelPig: Ocean, I have a question. I own 1000 shares PPHM. I like to sell 10 $2.5 April calls for around $1 and also sell 2.5$ puts for around $1.2.
      8/24/12
    • TruffelPig: What you think about it?
      8/24/12
    • TruffelPig: I should have a pretty solid position much cheaper than my current shares (average $2.3).
      8/24/12
    • TruffelPig: I know it is a very small position but this thing is very speculative.
      8/24/12
    • Ocean Man: I like that idea if it's a company you're willing to buy for $1.30 (your net cost if the shares are put to you). The risk with biopharmas is
      8/24/12
    • Ocean Man: that the drop is because the company's main or only drug is done for and thus so is the company.
      8/24/12
    • BTD70: MO could be a good thing to trade as a run-up to ex-divi, with the recent dip and all.
      8/24/12
    • Clayton Rulli: Truffel: BUY a lower strike put to cut off your downside just incase apolocolypse happens.
      8/24/12
    • TruffelPig: @CWR83 - they only have the 2.5 and the 5.......wish I could
      8/24/12
    • TruffelPig: @Ocean Thank you, I will do that then. I thought it made some sense ;P - but in options I am still quite newbie
      8/24/12
    • TruffelPig: Even the mega bears put fair value at 1.5 or a bit higher. I think I am ok.
      8/24/12