Dykstra's Deep-in-the-Money Call: Walgreen - Lenny Dykstra (TheStreet.com)

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Dykstra's Deep-in-the-Money Call: Walgreen
May 06, 2008 07:06 PM UTC

Lenny Dykstra (TheStreet.com)

Return	Risk
+14.40%	HIGH

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Symbol	Sentiment	Start	Return	Closed
WAG		05/06/08	+14.40%	--

4/28 - "Walgreen is a solid play. The company beat Wall Street's earnings expectations a month ago when it announced its fiscal second-quarter results. Its sales jumped more than 10% from the year-ago period.

The company said on Friday it completed its tender offer for I-trax(DMX - Cramer's Take - Stockpickr), which it acquired for $5.40 a share. The move is part of Walgreen's plan to build a new health and wellness unit. Furthermore, I like Walgreen's potential. With an aging population and the company's business of selling prescription drugs, I like its chances.

Therefore, I am placing a limit order to buy 10 contracts of the October $30.00 DITM calls (WAGJF) for $6.50 or better."

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