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  • Alcoa: A Simple Strategy That Could Net You 13% And Lower Your Entry Cost [View article]
    I'd rather buy the stock between 8.50 and 9.50 and sell the Jan 2104 $12 calls for $.70-80 and take the next $.21 in dividend if I don't get called before Jan 2014. That gives me $.91-1.01 or 10-11% or 5% per year. If I get called who cares that's another 2.50-3.50 PS. If AA goes down I buy more stock or buy the leaps back and start over again.
    May 28, 2012. 11:45 PM | Likes Like |Link to Comment
  • Is It Worth Getting Into Alcoa? [View article]
    Or you could buy it now at $9 PS and sell Jan 2014 $12 Call for $.77 and get two years dividends of .12. Your return would be .77 + .24 = 1.01 or 11.2% or 5.1% per year. If it goes to $12 you get called and make another 11%.
    May 13, 2012. 01:18 AM | Likes Like |Link to Comment
  • The Dark Clouds Looming Over Alcoa And Aluminum [View article]
    Buy and hold may be dead but buy low sell high isn't. If you can get a treasury yield of 1-2% to hold a stock for 2-3 years that could double that's better than bonds which could easy go down as rates move up/
    Dec 29, 2011. 08:04 PM | 2 Likes Like |Link to Comment
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