Major Oils Vulnerable
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PowerRating), on the href=”https://tradingmarkets.com.site/stocks/indicators/up/pull.cfm”>Pullbacks
From Highs List, formed a bullish outside day in a
pullback (a) on Monday. The stock may present an opportunity
for covered calls. You can buy the stock for 21 13/16, and
you can sell the October 25 calls for 2 1/16. This
represents approximately a 15% return (more than 60%
annualized, based on 81 days until expiration) should the
stock be called away.
the short side, major oils
PowerRating) and oil service
PowerRating), mentioned recently, still look vulnerable.
Continue to look for buying opportunities in puts and put
ahead: Although the media are awfully excited about the
PowerRating) bouncing off their 200-day moving
average, I wouldn’t get too bullish just yet. So far, this
looks like nothing more than the beginning of a pullback
of luck with your trading on Tuesday!
Protective stops on every trade!