Publications

5/16/13 Trade Alert: Take My Advice

  1. Sell Put Credit Spread on Accenture (NYSE: ACN) “Buy to Open” August $72.50 Put and “Sell to Open” August $77.50 Put Option Symbols: ACN130817P72.5 and ACN130817P77.5 Limit Order Price: Net credit of $1.00 or more ($100 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly bullish Options for Income […]… Read More

5/15/13 Market Briefing: Directional Calendar Spreads

The stock market continues to rise as the real economy remains stuck in neutral thanks to global monetary stimulus. When the monetary music stops, a directional put calendar spread may be the perfect downside hedge. Discover why an out-of-the-money calendar put spread may be a preferable hedge compared to a vertical put spread.
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5/9/13 Trade Alert: Eat, Hedge, and Travel

Note: Four Separate Trades 1. Sell Put Credit Spread on McDonalds (NYSE: MCD) “Buy to Open” September $92.50 Put and “Sell to Open” September $97.50 Put Option Symbols: MCD130921P92.5 and MCD130921P97.5 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 […]… Read More

5/3/13 Trade Alert: Cancel Teradata Limit Order and Wait for New Trade Alert

Cancel: The July $50/$45 Put Spread Order on Teradata Corp (NYSE: TDC). Rationale for Cancellation: See April 25 Trade Alert for details regarding the original trade. The stock has plunged 10 percent after hours on a weak earnings report. Stay tuned for a new Trade Alert on Teradata after I see how the stock performs […]… Read More

5/2/13 Trade Alert: Bull, Bear, and Neutral

Note: Three Separate Trades 1. Sell Put Credit Spread on Linn Energy LLC (Nasdaq: LINE) “Buy to Open” July $32 Put and “Sell to Open” July $37 Put Option Symbols: LINE130720P32 and LINE130720P37 Limit Order Price: Net credit of $1.15 or more ($115 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

4/25/13 Trade Alert: Benefiting from Obama’s Big Data Bonanza

Note: Two Separate Trades 1. Sell Put Credit Spread on Teradata Corp (NYSE: TDC) “Buy to Open” July $45 Put and “Sell to Open” July $50 Put Option Symbols: TDC130720P45 and TDC130720P50 Limit Order Price: Net credit of $1.90 or more ($190 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly […]… Read More

4/19/13 Trade Alert: July is the Gas

Vertical Roll on Praxair (NYSE: PX) to July “Buy to Close” April $110 Put and “Buy to Open” July $100 Put and “Sell to Open” July $110 Put Option Symbols: PX130420P110 and PX130720P100 and PX130720P110 Limit Order Price for Three-Legged Vertical Roll: Net credit of $2.35 or more ($235 per spread)–day order For those using […]… Read More

4/18/13 Trade Alert: Clean Up the Mess

Note: Two Separate Trades 1. Sell Put Credit Spread on Clean Harbors (NYSE: CLH) “Buy to Open” July $45 Put and “Sell to Open” July $50 Put Option Symbols: CLH130720P45 and CLH130720P50 Limit Order Price: Net credit of $1.00 or more ($100 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly […]… Read More

4/16/13 Market Briefing: 24-Month OFI Performance Looks Good

Two years after Options for Income (OFI) burst onto the scene, the results are in and it’s good news: those OFI members who have stayed the course have been handsomely rewarded. More immediately, April options expiration is upon us and at least seven positions are set to expire with profits ranging from 24 to 38 percent.
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4/11/13 Trade Alert: Gas Rig Count Ready to Rise

Note: Two Separate Trades 1. Sell Put Credit Spread on Baker Hughes (NYSE: BHI) “Buy to Open” July $39 Put and “Sell to Open” July $44 Put Option Symbols: BHI130720P39 and BHI130720P44 Limit Order Price: Net credit of $1.05 or more ($105 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly […]… Read More