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.