Option Investor

Supplemental Positions

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Some Quick Picks!

Considering today's early trading activity, trying to pick some favorable positions for the MCM Portfolio is a bit like Jim Cramer's infamous "Mad Money: Lightning Round" on CNBC TV. However, we really want to find an alternate for the WLP spread (which offered only a $0.30 credit) and a brief review of the "supplemental" candidates suggests that Cigna (NYSE:CI) would be our choice for a bullish position and Lennar (NYSE:LEN) would be our bearish selection.

However, both of these issues are currently moving away from the suggested spreads, so the target entry prices may no longer be available. With that fact in mind, we are not going to make any "official" portfolio recommendations, rather we will simply say that favorable trading opportunities may exist in these issues if a reasonable (at your discretion) credit can be achieved in the coming sessions.

MCM Staff

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