Current price is 37, will it ever see a 5% correction again? When did it last happen.
Currently long small blocks of shares in most of my accounts but also short put options that obligate me to buy large blocks starting at 34 and under.
Last year-07/30/2012, MO was priced over 36/share and it bottomed out at 30.5 sh on 11/15/13.
Another example of Buying MO "LO" and holding on for the dividend.
2/28/2013--MO was 35.32 and dropped to 33.49 or 5% by 2/28/13.
If we don't see a 5% correction at some point by year end, I'll give up smoking cigars.