Good Insurance?

  • November 9, 2000
  • Dave Landry

There
were no interesting covered options that set up tonight (Thursday).

In
light of the current market conditions, there’s not too much to look at tonight.

Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) has formed a
high-level “micro” cup and looks poised to break higher. Look for
buying opportunities in calls and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry/iux110900.gif” width=”470″ height=”320″>

On the short side, oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks vulnerable. Continue to look for buying
opportunities in puts and put spreads here.

src=”https://tradingmarkets.com/media/images/Landry/oil110900.gif” width=”470″ height=”320″>

Best of
luck with your trading on Friday!

P.S. Reminder:
Protective stops on every trade!