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Joe Stocks

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Joe Stocks

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Re: None

Thursday, 09/11/2008 12:38:29 PM

Thursday, September 11, 2008 12:38:29 PM

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AIG - Covered call. Long at 15.00. Sold the OCT 10's for 6.30

Downside protection to 8.70. (42% below current price.) 8.6% return for a bit more than a month hold if AIG closes above $10 on Oct 18th.

Can AIG drop that much in a month? Could happen

Joe

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