Monday, June 19, 2006

Buy JPM J.P. Morgan

Trade
Buy/write JPM, buy the stock, sell the Aug 40 call

Stock at support. Also goes ex-dividend on July 3rd. If called for the dividend it will be a nice gain in 16 days. If not, the dividend adds to can add to total return.

Tough day in the oil patch, strong one for airlines.

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