we got sizeable one day pullback today but I will check MO action when DOW makes deep correction...that should tell how much demand is still in stock ...
I am long & naked Puts holder; announcing my positions..MO is definitely going through over bought rebalancing now. Expecting range bound between 67 on low to 70 on high side. I believe this is normal for very bullish stock in consumable sector. Hold and enjoy the dividends.
After I wrote the msg,,I suspected $62.50 was written when MO price was lot lower...sorry for jumping...I know you had good reasons.. About MO PPS RETURNING TO $65 LEVEL, I doubt it very much..my lowest correction if happen always have been -$3...on bad news..I alway jump in when that happened... realistic pullback in my estimate is $67..I will add more naked PUTs next week but probably play less aggressively...last Friday again cleared 200 contracts so I will replenish again when job data effect get price in... Good luck Gary
Gary; you are contradicting what you are saying about MO...It's great stock,I agree ..what make MO great is constant uptrend and dependable div. increase in every Fall...If you draw 5 yr chart...it never go sideways..it has definite uptrend at 18 or more % ... Therefore this is what makes MO great stock...for future option strategy... So if you believe the greatness..WHY select $62.50 strike for 18 month future contract ? You are selecting negative trend when you are saying MO is GREAT stock...To me you are contradicting from your word in option strategy....REALLY WASTING potential rewards...being conservative is OK but applying negative trend on option future is very bad strategy I think....Sorry for mentioning this but I have to call honestly when presented .
Not true; you don't know what you are talking about...Please stick to subject you understand
NO NO NO...you are looking for cheap shares...not getting your way...will close strong
You are putting info backward...you think price move up due to M&A info leak...that not true...Real reason move up today is due to strong Biotech sector...example IBB...and ACAD is catching up from over sold situation
all positions taken in last 2 month produced gains, every Friday is pay day for option. Longs continue to move up.. GREAT GREAT STOCK MO...LOVE THIS STOCK !!!!!!!
Bought more....down side is small change with excellent chance of continue upward move while waiting for big news ....SPECIAL DIVIDEND DISTRIBUTION ON SABMIL. sale...only possibility but it's good one... I am going for it. !!!
Unbelievable strength. didn't have chance to sell more Jul 15th Naked Puts...my inventory of shorted PUTs are getting low due to lack of deep pullback...Having Longs compensate for missing Short PUTs. Good luck to Long holders. Keep posting MO related message so we can dilute Political none MO message here .
I added more naked PUTs this morning for JUL 8th..small fee but high probability of my WIN.....I am using 2 day's Biotech gains in option buying power
I bet every week so I have many short duration ..Every Friday is my pay days... Off course longs are very seldom traded..Core holding is now 5 years old. This turned out to be better than biotechs ( INCY,ACAD, SGEN) my favorite sector play..