It could be due to the general perception that the housing industry was weak but I believe in its’ fundamental as the leader in cement sectors. If you’re staying in Florida, then you should know what company this giant really is. The stock started to rally just after the 2007 New Year and yesterday was a big one which could be due to its’ next earning announcement schedule on (…drum please) today, Wednesday Jan-24-2007 after market close.
With plenty of time-value prior to the option trading on Nov-29-2006, the waterfall drop seems to start kicking in with my Mar 2007 40.0 Call Option – hence, I closed my position yesterday, Tuesday Jan-23-2007. I need to lock-in my profit to realize the money before something bad happen. I might re-open new position today before it announce its’ earning after the market close today. We’ll see if it’s feasible to invest in this stock/option later.
# TIP: Due to water-fall drop when the option nears the expiry, always consider time-value before trading option – just in case.
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January 24th, 2007 by financetwitter
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