NOW, look at the financials. Dividend can't be maintained??, however.NYCB they keep acquiring?????
I meant sell the JAn 2013 $12.50 puts for $2.50...and Jan 2013 $12.50 calls for $1.20 = $3.70You can mix the strike prices up and down and time frames...depends on your purchase price and time framesBut there's "Gold in those hills!"
You want $15Sell the Jan 2103 $12.50 call for $1.65Sell the Jan 2013 $12 put for $1.65Buy a HEDGE put for sale of put: Strike price - (total sale of two options)Collect the NYB $1 annual dividendStock at $12....$12 + $$3.25 = $15.25CASH,,,TAX DEFERRED