• Ocean Man
    Bought April 12.50 calls on TEF for $2.15.
    4/18/12
    Reply (8)
    • Rubenov: Interesting. Expecting a two-day bounce there?
      4/18/12
    • blablah: Odds are that there will be big bounce tmrw with current earnings data and spanish auction which will be a non -event
      4/18/12
    • Julius Ferraro: Its a good auction bet. and imo the auction will overshadow everything
      4/18/12
    • Ricardo Espinosa: I was just looking at its chart, great price OM! I´ll be looking to buy stock and options on TEF this and next week.
      4/18/12
    • Ocean Man: TEF's forward P/E is < 8 and the yield is 13.5%. I have shares too. They pay half the annual div in May and there's usually a run-up.
      4/18/12
    • Ocean Man: Richard - May calls would capture the run-up into a huge dividend payment in May.
      4/18/12
    • Ocean Man: Yeah, kind of a 1-day bet on the Spanish auction being better than expected. Today's VIX drop told me nobody was scared of that auction.
      4/18/12
    • Rubenov: Is the ex-divi before or after options expiration? Can't find it on Etrade.
      4/18/12