Publications

7/22/14 Trade Alert: Spying for Income

Please note: The following SPY trade applies only to those OFI members who already have a long position in the September $171 put. All others should ignore this SPY trade. Sell August $171 Put on S&P 500 ETF (NYSE: SPY) “Sell to Open” August $171 Put Option Symbols: SPY140816P171 Limit Order Price: $0.10 or more […]… Read More

7/18/14 Trade Alert: Last Minute

Please Note: Four Separate Trades   1. Vertical Roll on Amgen (Nasdaq: AMGN) to October “Buy to Close” July $115 Put and “Sell to Close” July $110 Put and “Buy to Open” October $110 Put and “Sell to Open” October $115 Put Option Symbols: AMGN140719P110 and AMGN140719P115 and AMGN141018P110 and AMGN141018P115 Limit Order Price: Net […]… Read More

7/17/14 Trade Alert: Makeover with Rollers

Please Note: Four Separate Trades 1. Put Credit Spread on Ulta Salon, Cosmetics & Fragrance (Nasdaq: ULTA) “Buy to Open” September $77.5 Put and “Sell to Open” September $82.5 Put Option Symbols: ULTA140920P77.5 and ULTA140920P82.5 Limit Order Price: Net credit of $1.20 or more ($120 per spread) – good ’til canceled (GTC) Directional View for […]… Read More

7/16/14 Trade Alert: Whole Lotta Rolling Going On

Please Note: Three Separate Trades   1. Vertical Roll on W.W. Grainger (NYSE: GWW) to October “Buy to Close” July $250 Put and “Sell to Close” July $230 Put and “Buy to Open” October $230 Put and “Sell to Open” October $250 Put Option Symbols: GWW140719P230 and GWW140719P250 and GWW141018P230 and GWW141018P250 Limit Order Price: […]… Read More

7/10/14 Trade Alert: Dividend Aristocrat Gets a Pass

Note: Three Separate Trades 1. Put Credit Spread on Emerson Electric (NYSE: EMR) “Buy to Open” August $62.50 Put and “Sell to Open” August $67.50 Put Option Symbols: EMR140816P62.5 and EMR140816P67.5 Limit Order Price: Net credit of $1.20 or more ($120 per spread) — good ’til canceled (GTC) order Directional View for Underlying Stock: Neutral […]… Read More

7/3/14 Trade Alert: Toward a Green Future

1. Put Credit Spread on Cummins (NYSE: CMI) “Buy to Open” August $145 Put and “Sell to Open” August $150 Put Option Symbols: CMI140816P145 and CMI140816P150 Limit Order Price: Net credit of $1.30 or more ($130 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly bullish Options for Income […]… Read More

6/27/14 Trade Alert: Bull and Bear Rolls

Please Note: Two Separate Trades 1. Vertical Roll on Teradata (NYSE: TDC) to August “Buy to Close” July $45 Put and “Sell to Close” July $40 Put and “Buy to Open” August $37.50 Put and “Sell to Open” August $45 Put Option Symbols: TDC140719P40 and TDC140719P45 and TDC140816P37.5 and TDC140816P45 Limit Order Price: Net credit […]… Read More

6/26/14 Trade Alert: Betting on Loeb

1. Put Credit Spread on Sotheby’s (NYSE: BID) “Buy to Open” August $35 Put and “Sell to Open” August $40 Put Option Symbols: BID140816P35 and BID140816P40 Limit Order Price: Net credit of $1.25 or more ($125 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly bullish Options for Income […]… Read More

6/23/2014 Trade Alert: HCN LEAP Needs a Cover

Please note: The following HCN trade applies only to those OFI members who already have a position in the September $55 call. All others should ignore this HCN trade. Sell July $65 Call on Health Care REIT (NYSE: HCN) “Sell to Open” July $65 Call Option Symbols: HCN140719C65 Limit Order Price: $0.30 or more ($30 per […]… Read More

6/20/14 Trade Alert: Four Rolls and a Closeout

Note: Five Separate Trades 1. Closing Out  Waters Corp. (NYSE: WAT)   “Buy to Close” June $105 Put Option Symbol: WAT140621P105 Limit Order Price: Debit of $0.40 or less ($40 per spread) — day order Options for Income Portfolio: Conservative Income Tell your broker: I’d like to buy to close the June $105 put for […]… Read More