Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

M's update.

M has pulled back from a recent high of 15.10.  The 3-month support is solid at 10.  That said, those who wish to capitalize on the consolidation while waiting for the shares to mature, conside writing June strike 10 or 11.  Strike 10 offers .30/share in intrinsic value.  For evdery 1000 shares, you can bank on 300 in intrinsic value coupled with a 4 point downside from current levels. 

Strike 11 offers .50/share in intrinsic value.  Both strike 10 and 11 are a sure bet.