VIX Remains Near Lows
face=”Arial, Helvetica”>For those willing to assume a high
degree of risk, Brocade Communications
PowerRating), on the href=”https://tradingmarkets.com.site/stocks/indicators/up/cuph.cfm”>Cup
And Handle Patterns List, may present an opportunity for
covered calls. You can buy the stock for 144 15/16, and you
can sell the July 155 calls for 13. This represents
approximately a 16% return (more than 160% annualized, based
on 33 days until expiration) should the stock be called
PowerRating), mentioned recently, began rallying out of
its first consolidation since its strong rally from lows.
Look for buying opportunities in calls and call spreads
on the short side, retail
PowerRating) appears to be
stalling out after rallying from lows. This suggests that
its choppy downtrend remains intact. Look for buying
opportunities in puts and put spreads here.
the OEX trader, once again, the VIX remains at relatively
low levels. Continue to look for a buying opportunity in
puts and put spreads.
of luck with your trading on Monday!
Protective stops on every trade!