Mad About Options: Mining Alcoa: The Mad About Options crew reviews Jim Cramer's recent bullish comments about Alcoa and offers options strategies for traders and investors. Also hear options ideas for Packaging Corp. of America and Wendy's/Arby's group.
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From a recent Mad Money show:"I think that yield is good news. I think PKG is a good one and I'm re-recommending it right here."

From a recent Mad Money show: "This yields 5% and I'm still pulling the trigger on this one."

From a recent Mad Money show: "This yields 5% and I'm still pulling the trigger on this one."

Packaging Corp. (PKG) was upgraded from Hold to Buy, Deutsche Bank said. $30 price target. Company missed first quarter expectations, but has superior margins, strong balance sheet and buyback and dividend support.

Packaging Corp. of America, a supplier of containerboard and corrugated packaging products, recently issued a fourth-quarter profit prediction above Wall Street estimates.

The company also recently announced a $150 million dollar buyback.

The stock trades for 8.5x cash flows.

20% 1.20

The Lake Forest, Ill., company upped its rate 20%, to 30 cents a share from 25 cents, for a yield of nearly 4%. Payouts were initiated in October 2003 and had been increased only once previously. Disbursement will take place Jan. 15 to holders of record Dec. 14. Ex-date: Dec. 12.

Excellent earnings

Downgraded by Deutsche Securities from Buy to Hold