Major Drugs Still Bullish
PowerRating), mentioned in my Stock Outlook and on theÂ Pullbacks
Off Highs List, mayÂ provide an opportunity for
covered calls. You can buy the stock for 72 and sell the December 80 calls
for 5 1/8. This represents
approximately an 18% return (more than 150% annualized, based
on 44 days until expiration) should the stock be called
PowerRating) and healthcare
PowerRating) held up well in spite of all the competition for funds on
Tuesday. Continue to look poised for buying opportunities in
calls and call spreads here.
of luck with your trading on Wednesday!
Protective stops on every trade!