Via www.fivepercentstocks.com:
I’ve been watching Genesis Lease (GLS) for some time now, I believe since Cramer did a segment after an American International Group (AIG) conference call. The IBD also had a great article on the company in this morning’s paper. Monday morning this company will report its second quarter earnings. I am expecting a big revenue number, but will be interested in seeing how their balance sheet is working out given the persistent need to raise capital to purchase aircraft in an increasingly competitive secondary jet market (see IBD article). The stock has been in a short period of consolidation, creating a nice support level below the 50-day moving average, which it has shot right off today. I wanted to purchase a bullish straddle over the August $25 strike, but did not see a lot of open interest there, so I pushed it to October. Below is my current position. I would like a little more protection on the lower end, but that’s the price I pay for choosing a stock with no at-the-money options, which, I believe, are the standard for a straddle.
| Symbol | Type | Cost | Fees | Cost |
| GLSJE | Oct-Call-$25 | $3.82 | $6.50 | $1,916.50 |
| GLSVE | Oct-Put-$25 | $0.38 | $6.50 | $196.50 |
$28.0 (07/07/07)
Agree
Disagree
