This pick is another conservative pick. This is not a get rich quick play, but the odds of a payoff are good, and it could hit big although it will take several months to play out. Here it is:
Buy 5 MMM Jan ‘11 80 calls
Sell 10 MMM Jan ‘11 90 …

After quite a run off the March lows, the markets are starting to look a bit green around the gills. Accordingly, the inaugural pick here on Rick’s picks is going to be a defensive one — not short, mind you, but one that I feel has a high degree of …