Still Set Up For Puts?
Lincare Holdings
(
LNCR |
Quote |
Chart |
News |
PowerRating),
on the Proprietary
Momentum List, may provide an opportunity for covered calls. You can buy the stock for
48 1/2 and sell the January 50 calls
for 3 1/8. This represents
approximately a 9% return (more than 70% annualized, based
on 45 days until expiration) should the stock be called
away.
After
probing below a high-level base on Wednesday, consumer non-durables
(
$CMR.X |
Quote |
Chart |
News |
PowerRating)
recovered to close well on Thursday. This action suggests that its uptrend
remains intact. Look for buying opportunities in calls and call spreads here.
On the short side, oil service
(
$OSX.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks poised to resume its recent meltdown. Look for buying opportunities in
puts and put spreads here
Telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating) appears to be resuming
its downtrend after failing to get past a recent resistance level (a). Look for
a buying opportunity in puts and put spreads here.
Software
(
$GSO.X |
Quote |
Chart |
News |
PowerRating), mentioned Wednesday night, still looks poised to resume its
strong downtrend. Continue to look
for buying opportunities in puts and put spreads here.
Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), mentioned Wednesday night, still looks vulnerable. Continue to
look
for buying opportunities in puts and put spreads here.
Best of
luck with your trading on Friday!
P.S. Reminder:
Protective stops on every trade!