Replies to post #63 on KeyCorp (KEY)

[thesource]

And thats probably a smart long term play. With the company reducing its divs to $.01, there's not a lot to attach investors to hold long term IMO. I have been loading up on dips and then waiting for the stock to recover to sell off covered call options on the stock. Right now I have about 2000 shares of it averaged in at around $4.80ish and sold August 09 $5.00 calls on the stock. Best case is I keep the stock and the cash if it closes under $5.00 a share when the options expire. Worst case, the options get executed and I make $.15-.17 a share plus the cash I collected for the options. Either way I win.