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Elan Corporation, plc Message Board

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  • mardermj mardermj Mar 14, 2005 12:09 PM Flag

    Zzzzzzzzzzzzzzzzzzzzz

    $7.30 stable means buying on margin for $3.65 your money, comprised of $2.20 sold covered call strike $7.50, plus your $1.45 out of pocket, yielding $2.20 for every $1.40 you put up.

    That's 150% in 7 months, and if the stock closes then at $7.30, you can do it again.

    IM35 years doing that HO.

 

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