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Pfizer Inc. Message Board

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  • fizrwinnr11 fizrwinnr11 Aug 29, 2011 2:22 AM Flag

    Chartman, doing well damnit

    For the ULTRA ULTRA ULTRA ULTRA-conservative that still want an incredibly fine return, apply for naked put-writing authorization at my brokerage.

    Then go out and sell 2.5-strike naked puts on BAC expiring in Jan. 2012. If they are sold at the current bid price of $11, You will receive in premiums after commissions one dollar for every six that you deposit with the brokerage.

    The holding period is 21 weeks and all that BAC needs to do to garner that return is to hold above the margin-safe price of $2,80 a share. In other words, the stock could lose almost two-thirds of its value from here and you would STILL earn that return.

    The combination of cash-covered put writing wanting to sell as mnay contracts as they can plus the ultra-low margin requirements at my brokerage and my brokerage only are making possible truly unbelievable risk-reward ratios such as this.

    The return I mentioned above is absolutely true - no miscalculations or typos. Board members can pooh-pooh, this call me names, etc. But know that this investment is truly available at my brokerage. And there isn't the slightest bit of embellishment.

 
PFE
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