We are starting off the September recommended series a day earlier with a few
We will be adding more this weekend, but I wanted to have a few to carry
a cross going into the last week of the August expiration series.
We are recommending credit spreads in the following issues.
COF - Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association and Capital One, National Association, which provide various financial products and services to consumers, small businesses, and commercial clients in the United States, Canada, and the United Kingdom. It offers various deposits products comprising non-interest bearing deposits, NOW accounts, money market deposit accounts, savings accounts, and certificates of deposits. The company also involves in consumer and small business card lending, closed end installment lending, automobile lending, consumer mortgage lending, and servicing activities. In addition, it offers treasury management services to commercial real estate and middle market customers. The company was founded in 1993 and is headquartered in McLean, Virginia.
DOW - The Dow Chemical Company engages in the manufacture and sale of chemicals, plastic materials, agricultural, and other products and services worldwide. The companyÂ’s Electronic and Specialty Materials segment offers materials for chemical mechanical planarization pads and slurries, chemical processing and intermediates, electronic displays, food and pharmaceutical processing and ingredients, PCB materials, semiconductor packaging, connectors and industrial finishing, and water purification. ItÂ’s Coatings and Infrastructure segment provides sticking and bonding solutions; insulation, housewrap, sealant, adhesive products and systems, and construction chemicals; and other coating materials.
PCL - Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The trust also focuses on mineral extraction and natural gas production, communication, and transportation. Plum Creek Timber Company was founded in 1989 and is based in Seattle, Washington.
CMA - Comerica Incorporated, through its subsidiaries, provides financial products and services in the Midwest, Western, Texas, and Florida. The companyÂ’s Business Bank segment comprises middle market, commercial real estate, national dealer services, international finance, global corporate, leasing, financial services, and technology and life sciences businesses. This segment offers commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services to medium-size businesses, multinational corporations, and governmental entities. Its Retail Bank segment offers small business banking and personal financial services, including consumer lending, consumer deposit gathering, and mortgage loan origination.
We are recommending the following specific credit spreads.
Call credit spreads = bearish call spreads.
We will be adding 4-5 more positions for September over the weekend.