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MCM DECEMBER 2008 RECOMMENDATIONS FOR 11-24-08

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We are adding the following credit spreads to our DECEMBER 2008 RECOMMENDED LIST We are recommending credit spreads in the following issues:

PNC - The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services

TGT - Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores. They provide exceptional value to consumers through multiple retail formats ranging from upscale discount and moderate-priced to full-service department stores under the following names: Target, Mervyn's California, Dayton's, Marshall Field's, and Hudson's.

UHS - Universal Health Services, Inc. is owns and operates acute care hospitals, behavioral health centers, ambulatory surgery centers, radiation oncology centers and women's centers. Services provided by the Company's hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services and behavioral health services.

VMC - Vulcan Materials Company is the nation's foremost producer of construction aggregates, a major producer of other construction materials and a leading chemicals manufacturer, supplying chloralkali and other industrial and specialty chemicals. They lead the nation in the production of construction aggregates; primarily crushed stone, sand and gravel. They are also a leader in the production of other construction materials, as well as a major manufacturer of chemicals.

We are recommending the following specific credit spreads:

Call Credit Spreads - Bearish call spreads

PNC $43.69
{{{BUY PNC-LM PNC DEC $65.00 CALL DEBIT = $0.75
SELL PNC-LL PNC DEC $60.00 CALL CREDIT= $1.20
NET CREDIT = $0.45 }}}

INITIAL "NET- CREDIT TARGET= $0.45 or $45.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.45 = $450.00
MARGIN REQUIRE.(x 10 CONTRACTS $4,550.00
RETURN ON INVESTMENT= 9.89%
EXIT STRATEGY =1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE
1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE RISES TO: $50

2.EQUITY ISSUES A STOP LIMIT will be placed on the SHORT STRIKE PRICE on any EQUITY OPTION that has a STRIKE PRICE DIFFERENCE OF $5.00 or MORE.
THE STOP LIMIT ON THIS POSITION IS NOTED BELOW: BUY POSITION STOP BELOW
PNC-LL EXIT >> = $4.80 STOP LIMIT
If and when the STOP LIMIT IS EXECUTED - A contingency order should be in place to then SELL the LONG SIDE of the Spread and close the position with a Market Order if and when the SHORT side needs to be STOPPED OUT

TGT $28.08
{{{ BUY TGT-LA TGT DEC $42.50 CALL DEBIT = $0.39
SELL TGT-LT TGT DEC $37.50 CALL CREDIT= $0.83
NET CREDIT = $0.44 }}}

INITIAL "NET- CREDIT TARGET= $0.44 or $44.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.44 = $440.00
MARGIN REQUIRE.(x 10 CONTRACTS $4,560.00
RETURN ON INVESTMENT= 9.65%
EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE
1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE RISES TO: $30.00

2. EQUITY ISSUES A STOP LIMIT will be placed on the SHORT STRIKE PRICE on any EQUITY OPTION that has a STRIKE PRICE DIFFERENCE OF $5.00 or MORE.
THE STOP LIMIT ON THIS POSITION IS NOTED BELOW: BUY POSITION STOP BELOW TGT-LT EXIT >> = $3.32 STOP LIMIT
If and when the STOP LIMIT IS EXECUTED - A contingency order should be in place to then SELL the LONG SIDE of the Spread and close the position with a Market Order if and when the SHORT side needs to be STOPPED OUT
UHS $32.44
{{{BUY UHS-LH UHS DEC $40.00 CALL DEBIT = $0.65
SELL UHS-LG UHS DEC $35.00 CALL CREDIT= $1.10
NET CREDIT = $0.45 }}}

INITIAL "NET- CREDIT TARGET= $0.45 or $45.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.45 = $450.00
MARGIN REQUIRE. (x 10 CONTRACTS $4,550.00
RETURN ON INVESTMENT= 9.89%
EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE

1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE RISES TO: $33.50

2. EQUITY ISSUES A STOP LIMIT will be placed on the SHORT STRIKE PRICE on any EQUITY OPTION that has a STRIKE PRICE DIFFERENCE OF $5.00 or MORE. THE STOP LIMIT ON THIS POSITION IS NOTED BELOW: BUY POSITION STOP BELOW UHS-LG EXIT >> = $4.40 STOP LIMIT
If and when the STOP LIMIT IS EXECUTED - A contingency order should be in place to then SELL the LONG SIDE of the Spread and close the position with a Market Order if and when the SHORT side needs to be STOPPED OUT

VMC $40.56
{{{BUY VMC-LU VMC DEC $55.00 CALL DEBIT = $0.75
SELL VMC-LJ VMC DEC $50.00 CALL CREDIT= $1.05
NET CREDIT = $0.30 }}}

INITIAL "NET- CREDIT TARGET= $0.30 or $30.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.30 = $300.00
MARGIN REQUIRE. (x 10 CONTRACTS $4,700.00
RETURN ON INVESTMENT= 6.38%
EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE
1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE RISES TO: $44.00
2. EQUITY ISSUES A STOP LIMIT will be placed on the SHORT STRIKE PRICE on any EQUITY OPTION that has a STRIKE PRICE DIFFERENCE OF $5.00 or MORE. THE STOP LIMIT ON THIS POSITION IS NOTED BELOW: BUY POSITION STOP BELOW VMC-LJ EXIT >> = $4.20 STOP LIMIT
If and when the STOP LIMIT IS EXECUTED - A contingency order should be in place to then SELL the LONG SIDE of the Spread and close the position with a Market Order if and when the SHORT side needs to be STOPPED OUT

PLEASE NOTE: WE ARE GOING TO CANCEL OUR OPEN CREDIT SPREAD ON ALL ( Allstate ) as the December 37.5/32.5 premium has dropped and is not worth entering at this time. ALL SUBSCRIBERS CANCEL THE OPEN ALL SPREAD

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