2005-12-10
NEW is trading at $36.00 right now. This upcoming Friday is options expiration day and the maximum pain is $35.00, which means, the stock is probably going to drop a buck between now and December 16, 2005.
However, the January max pain is around $45 and falling. With new contracts being added every day, perhaps, It'll fall all the way down to $35 again. I dunno. Perhaps you can make some money between this differential. It'll also be paying a dividend for those who hold the stock around January 18, 2006.
CORRECTION:
The dividend for the fourth quarter will be paid Jan. 30 to shareholders of record on Dec. 30, the company said. Per: http://biz.yahoo.com/ap/051216/new_century_dividend.html?.v=1
