SOX Slide
face=”Arial, Helvetica” size=”2″>Join me, fellow
TradingMarkets.com content providers, and other traders and
money managers at the Trading Markets 2000 conference at the
Venetian Hotel Resort and Casino in Las Vegas on October
13-15, 2000.
For those willing to
assume a high degree of risk, Extreme Networks
(
EXTR |
Quote |
Chart |
News |
PowerRating),
on the
From Highs List, may present an opportunity for covered
calls. You can buy the stock for 149 7/8, and you can sell
the August 160 calls for 10 1/2. This represents
approximately a 14% return (more than 200% annualized, based
on 23 days until expiration) should the stock be called
away.
width=”470″ height=”320″>
The Nets
(
$IIX.X |
Quote |
Chart |
News |
PowerRating),
mentioned Tuesday night, held up fairly well, in spite of
Wednesday’s sell-off. Continue to look for buying
opportunities in calls and call spreads here.
face=”Arial, Helvetica”>On the short side, major oils
(
$XOI.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still look vulnerable. Continue to look
for buying opportunities in puts and put spreads here.
The
semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, broke down on
Wednesday and still look vulnerable. Continue to look for
buying opportunities in puts and put spreads here.
width=”470″ height=”320″>
Best
of luck with your trading on Wednesday!
P.S. Reminder:
Protective stops on every trade!