Drugs And Brokers
Allergan
(
AGN |
Quote |
Chart |
News |
PowerRating), mentioned Thursday night on the Pullbacks
Off Highs List, may still provide an opportunity for
covered calls. You can buy the stock for 84 7/16 and sell the November 90 calls
for 3. This represents
approximately a 10% return (more than 70% annualized, based
on 49 days until expiration) should the stock be called
away.
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Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), mentioned over
the past few nights, remain strong. Continue to look for buying opportunities in calls and call spreads
here.
Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, continues to be supported by the buy-out
rumor mill. Continue to look for buying opportunities in calls and call spreads here.
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Technology in general
(
$PSE.X |
Quote |
Chart |
News |
PowerRating)
might be your best play on the short side until the semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) and
other forms of tech sets up. Look for buying opportunities in puts and put
spreads here.
Best
of luck with your trading on Monday!
P.S. Reminder:
Protective stops on every trade!