Semi Slide Part 2
Cooper
Cameron
(
CAM |
Quote |
Chart |
News |
PowerRating) may provide an opportunity for
covered puts. You can sell short the stock for 58 and sell the December 55 puts
for 3 1/8. This represents
approximately a 10% return (more than 100% annualized, based
on 37 days until expiration) should the stock be put to you.
On the short side, computer technology
(
$XCI.X |
Quote |
Chart |
News |
PowerRating)
stalled out after recently wedging higher from lows. This action suggests its
longer-term downtrend remains intact. Look for buying opportunities in puts and
put spreads here.
Continuing on the short side, the semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, appear to be resuming their longer-term
downtrend. Continue to look for buying
opportunities in puts and put spreads here.
Follow Up
Major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) and healthcare
(
$HCX.X |
Quote |
Chart |
News |
PowerRating),
shot higher on Wednesday but began to stall out. If you have any profits here,
you might want to lock a piece of them, especially in light of the election
thing.
Best of
luck with your trading on Thursday!
P.S. Reminder:
Protective stops on every trade!