Dykstra: Altria Call Options Are Smoking
The stock has a strong uptrend with support at $84.29; the Kraft spinoff is to be completed March 31; and the company has consistent earnings and dividend growth (the current yield is 4.05%).
Altria also has huge operating cash flow, and it seems the litigation pressures are easing. Bottom line: If our GTC order gets filled at $10.50, we will be in control of 1,000 shares for approximately the next four months, all the way until the third Friday in June. Remember, my goal is to help you make money. There are strict warning labels on cigarettes, cautioning about their potentially lethal effects for good reason. Hence, this is not about the "virtues" or the perils of cigarettes -- this is about making money, and if you think cigarettes are going to be around for awhile, then placing your bet with the company that's become synonymous with the product could be a good move. Speaking of making money: Congratulations to all of you who cashed in on our pick from earlier this week: the Halliburton (HAL Quote) July $22.50s for $7.80. We cashed out Wednesday with a $1,000 "W" in less than three days!Jock Talk
Speaking of wins, let's turn our attention to sports and who looks good for the upcoming baseball season.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.12 |
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