The January 2010 option called at $21 for MO is priced at a penny.
So for $1 you control $2,100. 20:1 leverage
Currently the price is $20.35 and needs to move $0.65 to show a profit, a 3.2% move.
The reason the option is cheap is that MO is not a very volatile stock and has moved up already. But as seen during the week, the volume is very heavy. A weird options expiry day could happen.
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