Here is a strategy we put together earlier this week if you are interested in holding WOW:
1. Sell 2 $28 March 2010 Put
2. Buy 3 $24.50 March 2010 Puts
3. Sell 1 $27 January 2009 Puts
Capital Requirements: Around $34,000 at the moment.
Advantages include:
- Risk is protected for the next year and two months to around about 25% (depending on were you enter).
- You get paid for putting this protection in place
- Can dervive monthly income from the stock if it continues in this sideways range.
Depending on how agressive you are in making that monthly income you can make back all the risk of holding the stock in just a few months.
WOW is a pretty good stock to do it on imho.
Can see the research report here: http://www.investorhelp.com.au/Research/WOW.pdf
if your looking at wow...
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Last
$33.79 |
Change
-0.090(0.27%) |
Mkt cap ! $41.27B | |||
| Open | High | Low | Value | Volume |
| $34.00 | $34.10 | $33.68 | $66.46M | 1.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $33.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.79 | 11715 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WOW (ASX) Chart |