size=”2″ face=”Arial, Helvetica”>For those of you planning
to attend the TradingMarkets2000 First Annual Traders
Conference at the Venetian Resort, Hotel & Casino in Las
Vegas on October 13-15, I’ll be speaking on Saturday
afternoon following Jay Leno. I’ll also be at the cocktail
party Friday night. Sign up soon, as space is limited.
face=”Arial, Helvetica”>Cirrus Logic
PowerRating), on the href=”https://tradingmarkets.com.site/stocks/indicators/up/pull.cfm”>Pullbacks
From Highs List, may present an opportunity for covered
calls. You can buy the stock for 28 3/8, and you can sell
the October 30 calls for 5. This represents approximately a
13% return (more than 80% annualized, based on 53 days until
expiration) should the stock be called away.
the short side, telecom
PowerRating) has formed a shallow
pullback from lows and looks poised to resume its strong
downtrend. Look for buying opportunities in puts and put
again, the VIX hit 13-month lows and is just shy of its July
1999 lows (a). Continue to look for buying opportunities in
OEX puts and put spreads.
PowerRating) and oil service
mentioned recently, were up nicely on Monday. You might want
to take a piece off the table here, as these markets are
of luck with your trading on Monday!
Protective stops on every trade!