Extreme Options
size=”2″ face=”Arial, Helvetica”>For those of you planning
to attend the TradingMarkets2000 First Annual Traders
Conference at the Venetian Resort, Hotel & Casino in Las
Vegas on October 13-15, I’ll be speaking on Saturday
afternoon following Jay Leno. I’ll also be at the cocktail
party Friday night. Sign up soon, as space is limited.
face=”Arial, Helvetica”>Extreme Networks
(
EXTR |
Quote |
Chart |
News |
PowerRating), on the
From Highs List, may present an opportunity for covered
calls. You can buy the stock for 171 13/16, and you can sell
the October 185 calls for 19 7/8. This represents
approximately a 20% return (more than 125% annualized, based
on 58 days until expiration) should the stock be called
away.
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Oil
service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) broke to new highs out of a shallow
pullback on Wednesday. Look for buying opportunities in
calls and call spreads here.
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On
the short side, airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) appear to be
breaking down from a major topping formation. Look for
buying opportunities in puts and put spreads here.
Once
again, the VIX remains near yearly lows. Continue to look
for buying opportunities in OEX puts and put spreads.
Best
of luck with your trading on Thursday!
P.S. Reminder:
Protective stops on every trade!