2.8 C
New York
Saturday, February 24, 2024

Wall Mart heading back to $55

I am only worried about it being kept below $50 through Friday’s options ex. but there is now no stopping this stock.

As I mentioned in earlier posts, we missed the big run up but this company is flat out making much more money than they did last year when they traded at $60-$55.

Hell this company was at $60 in ’02 when they had 30% less sales and profits.

So the December 50’s look very attractive at $1 but what I really love are the Jan ’07 $45 leaps for $7.60 – a $2.70 premium over today’s price.

You can buy this and turn around and sell the December $50 call to knock a buck off your premum right away and probably pick up a clean .50 every month if you keep selling up a level.

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