We will not see above $50 until the ILFC thing is done and for the PC business to post a profit. I have LONG CALLS at $40, $45 and $50 for Jan 2014 and 2015. I think the ONLY catalyst that gets us above $50 before the next earnings is the sale of the leasing unit or the announncement of the IPO. I would love the sale because they could start buying back more shares. They can't miss expectations 2 qtrs in a row so I do expect some major moves in this final stretch of 2013. If you are holding the stock, I would sell the $55 Covered Calls all day long.
I only have 300 shares of the stock. Not really worth fooling around with the CC. I own 300 contracts calls and have sold a like number of puts for jan 2015. At a very nice gain already. I will not quibble over a month of base line trading around 50 but the facts support a price in the mid 50 area before year end. I am assuming that the leasing company and buy backs will be kicking in prior to year end. I bought the shares for my daughters account and she is happy as we have been in since 31. I am a trend follower and the trend is your friend until it bends and it really has not bent yet.