News of a ruling allowing a class action lawsuit to proceed, hits MO stock hard. So far I have done nothing, but plan to roll out and and down tomorrow. The temptation is to ride it out, but temptation usually leads one down the garden path to destruction.
The main reason MO and RAI have such relatively high option premiums is what happened today, court rulings. When one wants to dance the tune (pocket high option premiums), one usually has to eventually pay the piper (volatility).
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