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elite, thanks for the suggestion.
i bought some OCT 70 calls pretty cheap. I'm surprised the option price was as low as it was considering the pending news.
Sorry for the bad advice I gave you on those calls ebitda. I took a hosing on the 65 strike calls I bought and exercised the 50's. Fridays closing price was ridiculous. ASEI yields 3.2% at that price.
sure. its getting cheap enough to consider buying a few hundred shares and just sit on it for a year and take the dividend. It about 10x what my bank is paying in interest.
I bought the OCT 50's when the news hit and then bought OCT 65's about a half hour before the close at 3.60 each.
Good luck to both of us.
elite. no analyst coverage of this yet and no headlines of the news which may explain why the price isnt higher.
just to put the contract in perspective, currently analysts are expecting 204.20M revenues for the entire YEAR. This one contract is $245M.