We are adding the following credit spreads to our February recommended list.
We are recommending credit spreads in the following issues.
NEM - Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. Its assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico. As of December 31, 2009, Newmont had proven and probable gold reserves of approximately 91.8 million equity ounces and an aggregate land position of approximately 33,400 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.
BJ - BJ's Wholesale Club, Inc. operates warehouse clubs in the eastern United States. The company?s warehouse club operations include the sale of food comprising frozen foods, fresh meat and dairy products, beverages, dry grocery items, fresh produce and flowers, canned goods, and household paper products. Its warehouse clubs also offer general merchandise, including consumer electronics, prerecorded media, small appliances, tires, jewelry, health and beauty aids, household needs, chemicals, computer software, books, greeting cards, apparel, furniture, toys, and seasonal items. In addition, the company?s warehouse clubs provide private brand products, as well as offer specialty services that include optical centers; food courts; Verizon Wireless centers; home improvement services; BJ?s Vacations; garden and storage sheds; patios and sunrooms; installation of home security systems; a propane tank filling service; an automobile buying service; a car rental service; muffler and brake services operated in conjunction with Monro Muffler Brake, Inc; television and home theater installation; and electronics and jewelry protection plans
CREE - Cree, Inc. develops and manufactures light emitting diode (LED) products, silicon carbide (SiC) and gallium nitride (GaN) material products, and power and radio frequency (RF) products. Its LED products include LED chips used in various applications, including video screens, gaming displays, function indicator lights, and automotive backlighting; LED components; and LED lighting products. The companyÃ¢??s SiC and GaN materials comprise SiC and GaN wafers, which are used in manufacturing LEDs, RF and microwave devices, and power devices, as well as in research and development. Its power and RF products include power switching devices made from SiC, including 600 and 1,200-volt Schottky diode products that are used in power factor correction circuits for power supplies in computer servers and other applications, such as solar inverters; and RF microwave devices made from SiC or GaN, which include 10-watt and 60-watt SiC transistors, and metal-semiconductor field effect transistor products, as well as GaN high electron mobility transistors and monolithic microwave integrated circuits for broadband amplifiers or for WiMAX applications. Cree, Inc. primarily operates in Hong Kong, China, the United States, Korea, Europe, Japan, Malaysia, and Taiwan. The company was founded in 1987 and is based in Durham, North Carolina.
We are recommending the following specific credit spreads.
Call credit spreads = bearish call spreads.
We are also adding the following call credit spread on one of our
current put spread positions, which will create an iron condor.
We are adding a call credit spread on our CMI positions
We are recommending the following call create spread on CMI to create
our iron condor.
SUPPLEMENTAL MCM TRADE IDEAS FOR 1-22-11.
The following issues are a few additional candidates to supplement
your search for profitable option trades. Thee trades are slightly more aggressive trades, as with any
investment, you must decide if the selections meet your criteria for potential plays.
Only you can know what strategies and positions are suitable for your
experience level, risk-reward tolerance and individual outlook.
There will be no commentary or analysis offered on these positions,
nor will they be included in the MCM Portfolio.
NOTE:Please double check to see if any of these issues
have earnings reports scheduled, these issues should not, but double