Re: Anyone want to talk stocks and retirement?
My position right now is buying ZNGA, and selling the call.
ZNGA right now is at $3.20
The Jan 15 call, at $5 / share is at $.83
That means an immediate return of 25% on the stock with room for growth in the next 2 years of an extra 56%. With cash on hand of $1.67 / share, unless something goes seriously wrong the floor is $2.50 / share, and the ceiling is $5.83 / share... not a bad position for $3.20.