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Re: INFN - Feb
options
OT - INFN
Jon,
I dunno - I think your break-even point on INFN (IIRC ~$17)
seems like a cheap price for the company. I did not do anything, as
I didn't want a premium to accrue to 2015 income. But as of
today......$17.47 as we speak. Which, if one is willing to buy
shares and then sell Feb. $18 covered calls, will get you down to
around $16 or so break even. Or $15.50 if you're willing to sell
the calls @$17. That seems like a damn sweet deal (the
company they bought that I couldn't remember was Transmode, which
Fallon was pretty much pumping as a very good synergistic fit, and
he's not prone to talk trash). Except that feeling that we all know
..... in a real market downturn, cheap becomes rich and one wonders
WTH was I thinking, lol. But I've gotta give this serious
consideration. INFN a $15 stock?
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