The Motley Fool Discussion Boards

Previous Page

Real-Money Stock Picks / Messed-Up Expectations Portfolio

URL:  http://boards.fool.com/hi-blsh-meant-to-answer-this-sooner-but-with-the-31109586.aspx

Subject:  Re: PM Date:  2/8/2014  5:44 PM
Author:  TMFGebinr Number:  1027 of 1287

Hi BLSH,

Meant to answer this sooner, but with the Fool One and MDP/Supernova/One annual get together the last couple of days, it just didn't happen.

Personally, I have a synthetic long (via options) as part of a synthetic covered call on Phillip Morris. It's strictly an income strategy and I tried to choose a syn-long strike price ($87.50) that was about midpoint of recent trading ranges. I've layered a sold short-term call on top of it a few times on top of that for income. Currently, I've got Mar14 $85 calls on it, with shares trading around $80 (and as low as $75 or so) recently. If it stays that low, I'll suspend the strategy until the share price recovers.

In a couple of my accounts, I actually own shares of PM directly. These aren't affected by the synthetic covered call.

I haven't been looking at the European market turmoil, recently, so have no comment about that.

Cheers,
Jim
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us