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Jack in the Box Inc. Message Board

  • john.heil2 john.heil2 May 6, 2010 1:49 PM Flag

    Big J to the rescue

    BUYING OPPORTUNITY!!!!! That is about all I need to say at this point. But I would play it in such a way that you really cannot lose no matter what happens baring a major catastrophe like another 9-11.
    Check out the December 25 puts on JACK. They sell for a juicy 3.70 per contract, giving you a net cost per share of about 21.30. All you need to put up is about $5,500. equity in your account to sell ten contracts. That figures out to a return of about 94% annualized (from today until December expiration). I, Big J, personally guarantee that you will not lose any money on this transaction, and I think the odds of you making the full premium are very high. I sold some more this A.M.
    And by the way, someone accused me of hyping JACK a while back. Furthest thing from my mind. I am a retired security analyst who lives quite comfortably. I do not need any more short term trading profits, which is the modus operandi of the hypesters and pumpers. That just ain't me gang. Furthermore, by my recommending selling puts instead of buying the shares, this proves my authenticity. So, you can either follow my advice in this instance, or most likely live to regret it. Big J in L.A.

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