NCM is being squeezed up...

by Raymond Chan 24 November 2011

Time to buy on weakness today.

NCM fell to a low of $33.52 in the morning is now down only 33c at $34.17

Chance to go long on NCM and earn an income at the same time.

Dec expiry is on 22 Dec, only 28 days to go.

Sell option for some Christmas income!

Strategy:

Sell 20 NCM Dec11 $33.82 put for 85c

This is an income generation strategy.

But need to be able to purchase stock at $33.82 (though breakeven is $32.94).

Potential exposure is $67,640 for 20 contracts.

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