what's up with ALD 2011 2.5 PUT

wow, last time I looked at ALD, it was in 20s
looked at it as dividend play of 10% back then

now, dividend yield is 72%

hate to see it and its investors having pain
 
That's not as high a premium as GM puts are bringing - $180 for an Jan 2010 2.5 strike!

Certainly that is a high IV just like many other stocks have right now obviously because of fears of the worst possibly scenario happening, whether it be GM, or ALD or whatever.

Honestly, I don't know anything about ALD, but with a yield like that currently based on previous dividends and current stock price, I would have to assume the dividend is at serious risk.

JJacksET4
 
I did sell a few on the GM just to pump up one of my paper trade accounts on TOS, but I don't know about putting money on these guys.... nothings free is the market.
 
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