Publications

2/21/13 Trade Alert: Watch TV and Fill Up the Tank

Note: Three Separate Trades 1. Sell Put Credit Spread on DirectTV (Nasdaq: DTV) “Buy to Open” April $44 Put and “Sell to Open” April $48 Put Option Symbols: DTV130420P44 and DTV130420P48 Limit Order Price: Net credit of $1.00 or more ($100 per spread) Directional View for Underlying Stock: Neutral to slightly bullish Options for Income […]… Read More

2/15/13 Trade Alert: Close Out if Necessary

We will know by 3:59 PM Eastern Time if NuStar Energy (NS) is going to close above $50 or not. If NS is trading at or below $50 at 3:59 PM, OFI will perform the following trade: “Buy to Close” NuStar Energy February $50 Put Option Symbol: NS130216P50 Price: Market order at 3:59 Eastern Time The other […]… Read More

2/14/13 Trade Alert: Gassy With Booze on the Breath

Note: Two Separate Trades 1. Sell Put Credit Spread on Praxair (NYSE: PX) “Buy to Open” April $100 Put and “Sell to Open” April $110 Put Option Symbols: PX130420P100 and PX130420P110 Limit Order Price: Net credit of $1.70 or more ($170 per spread) Directional View for Underlying Stock: Neutral to slightly bullish Options for Income […]… Read More

2/12/13 Trade Alert: Extending Insurance Policy

Vertical Roll on Volatility Index (VIX) to May “Buy to Close” February $18 Put and “Buy to Open” May $11 Put and “Sell to Open” May $18 Put Option Symbols: VIX130213P18 and VIX130522P11 and VIX130522P18 Limit Order Price for Three-Legged Vertical Roll: Net debit of $1.30 or less ($130 per spread) For those using thinkorswim, […]… Read More

2/11/13 Market Briefing: For Exelon and Petrobras, Buying LEAP Calls Was Lower Risk

Sometimes you learn more from your few investment mistakes than your numerous successes. Different option strategies have different risk profiles and one must balance probability of loss vs. risk of maximum loss. February promises to be another very profitable month for the OFI portfolios and four excellent questions from OFI members are answered in this issue’s Q&A.
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2/7/13 Trade Alert: Blowhard With Sunny Disposition

Note: Three Separate Trades 1. Sell Put Credit Spread on NextEra Energy (NYSE: NEE) “Buy to Open” June $62.50 Put and “Sell to Open” June $70 Put Option Symbols: NEE130622P62.5 and NEE130622P70 Limit Order Price: Net credit of $1.40 or more ($140 per spread) Directional View for Underlying Stock: Neutral to slightly bullish Options for […]… Read More

2/5/13 Trade Alert: A Roll and a Gunslinger

Please Note: Two Separate Trades 1. Vertical Roll on Herbalife (HLF) to March “Buy to Close” February $42.50 Put and “Sell to Close” February $35 Put and “Buy to Open” March $32.50 Put and “Sell to Open” March $42.50 Put Option Symbols: HLF130316P32.5 and HLF130316P42.5 and HLF130216P35 and HLF130316P42.5 Limit Order Price: Net credit of […]… Read More

1/31/13 Trade Alert: I Want a New Drug

Note: Four Separate Trades 1. Sell Put Credit Spread on Express Scripts (Nasdaq: ESRX) “Buy to Open” May $45 Put and “Sell to Open” May $52.50 Put Option Symbols: ESRX130518P45 and ESRX130518P52.5 Limit Order Price: Net credit of $1.70 or more ($170 per spread) Directional View for Underlying Stock: Neutral to slightly bullish Options for […]… Read More

1/29/13 Trade Alert: Gunslinger on Internet Darling

Iron Condor on Amazon.com (Nasdaq: AMZN) “Buy to Open” February (1st week) $225 Put and “Sell to Open” February (1st week) $235 Put and “Buy to Open” February (1st week) $315 Call and “Sell to Open” February (1st week) $305 Call Option Symbols: AMZN130201P225 and AMZN130201P235 and AMZN130201C315 and AMZN130201C305 Limit Order Price for Four-Legged […]… Read More

1/24/13 Trade Alert: Double Retail

Note: Two Separate Trades I’m canceling the DKS March $45/$39 put spread order and replacing it with the March $47/$42 put spread order detailed below. 1. Sell Put Credit Spread on Dick’s Sporting Goods (NYSE: DKS) “Buy to Open” March $42 Put and “Sell to Open” March $47 Put Option Symbols: DKS130316P42 and DKS130316P47 Limit […]… Read More