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Altria Group Inc. Message Board

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  • yourdeadmeat69 yourdeadmeat69 Mar 3, 2009 7:46 PM Flag

    No MO without selling a two month 14

    We should be able to call it this summer when the results of the April May June 61 cent tax hike and the full fledged Depression sink in, the anticipation of 2010 should be baked in by then.

    Even if the dividend is not touched, and that is hard to imagine since UST only paid 5.6%, that the UST acquisition would make the dividend sink to about 7.5 and the shares sink about a dollar fifty there alone.

    MO could easily be $12 by July.

    I still would be selling covered calls at $12.

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    • I've been selling March 13 covered calls. I can't see the stcok dropping to the 12's in the next few weeks and while I'll break even on the trade, I'll pocket the 32 cents per share.

      Next month I'll probably sell April 13 calls then as well.

 
MO
67.70+0.59(+0.88%)Jul 29 4:00 PMEDT