Wrong Number
Cache
Flow
(
CFLO |
Quote |
Chart |
News |
PowerRating), on the Pullbacks
Off Highs List, may provide an opportunity for
covered calls. You can buy the stock for 142 3/8 and sell the November 150 calls
for 12 3/8. This represents
approximately a 14% return (more than 150% annualized, based
on 46 days until expiration) should the stock be called
away.
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Broker/dealer
(
$XBD.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, continues to be supported by the buy-out
rumor mill. Continue to look for buying opportunities in calls and call spreads here.
On the
short side, telecom
(
$XTC.X |
Quote |
Chart |
News |
PowerRating) appears to be stalling out after rallying
off of a minor double bottom. Look for buying opportunities in puts and put
spreads here.
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Looking Ahead
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating),
mentioned recently, appears to have stalled out near short-term double tops and
longer-term triple tops.Â
Internet, basis The Street.com
Internet Index
(
$DOT.X |
Quote |
Chart |
News |
PowerRating), is testing a triple bottom.Â
Best
of luck with your trading on Tuesday!
P.S. Reminder:
Protective stops on every trade!