April 10, 2008on a whim I called the OIC (888-OPTIONS) and asked how these MO options are treated… and got an answer! After the spin off, each MO options represents BOTH 100 shares of MO, AND 100 shares of PM. For “strike price” purposes, the options are treated as representing the sum of the prices of PM […]
Popularity: 6% [?]
Posted in Real Trades, Calendars, MO 
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April 8, 2008In my last post on MO, I noted how stupid it was to open a trade, no matter how good the tip, if you don’t know jack about the underlying. To make a long story short, MO (Phillip Morris), which was a consistent high-margin winner for a very long time for many experienced traders, just […]
Popularity: 6% [?]
Posted in Real Trades, Calendars, MO No Comments »
March 31, 2008Wow… guess there is a big lesson learned here, like know your underlying intimately before trying a trade. I thought it was a good idea anwyay…
So, my double calendar, with, calendar at 70 and 75… imagine my surprise when I check MO this morning and see that the price is a grand total of $20/share. […]
Popularity: 11% [?]
Posted in Real Trades, Mistakes, Calendars, MO 1 Comment »
March 26, 2008Opened this one up today after looking at the charts (consistent range for the past year), the IV (lower-mid part of range over the last year), the skew (less the 2 percent). Taking a little chance since I am not intimate with the stock, which I would prefer to be.
New MO Double Calendar - 70 […]
Popularity: 6% [?]
Posted in Real Trades, Calendars, MO 1 Comment »
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