Option Investor
Newsletter

Daily Newsletter, Monday, 03/18/2002

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The Option Investor Newsletter                   Monday 03-18-2002
Copyright 2001, All rights reserved.                        1 of 2
Redistribution in any form strictly prohibited.


Posted online for subscribers at http://www.OptionInvestor.com
*******************************************************************
MARKET WRAP  (view in courier font for table alignment)
*******************************************************************
      03-18-2002          High     Low     Volume Advance/Decline
DJIA    10577.75 - 29.48 10661.06 10525.03  1.15 bln   1770/1396
NASDAQ   1877.06 +  8.76  1893.26  1861.11  1.55 bln   1943/1589
S&P 100   589.63 -  1.50   594.66   586.50   Totals    3713/2985
S&P 500  1165.55 -  0.61  1172.73  1159.14             
RUS 2000  502.80 +  3.68   503.55   498.68
DJ TRANS 2947.89 -  3.65  2962.30  2907.33
VIX        20.75 -  0.02    21.89    20.42
VXN        38.75 -  1.51    39.85    38.21
TRIN        1.11
PUT/CALL    0.64
*******************************************************************

Can't Get the Lead Out. . .Again
By Buzz Lynn
buzz@OptionInvestor.com

Today should have been cancelled due to lack of interest.  Seems 
like more than a few Mondays lately have started out the week on 
the slow side.  In fact, just checking the scoreboard above, the 
markets have barely budged in the last week.

Well, today's excuse du jour is the Fed meeting tomorrow and what 
might then become of interest rates.  The truth be known, it 
really doesn't matter what happens to rates.  The market already 
assumes that with a federal funds rate at 1.75%, there isn't much 
room for further cuts.  Likewise, nobody expects an increase quite 
yet in the wake of slightly rebounding economic indicators.

So it's almost unanimous that the Fed will return its easing bias 
to neutral, but do nothing with rates.  Unless there is something 
outside the ordinary, the real meat will come from the Fed's 
outlook, and even then, it may not have much sway on the market's 
direction.

Nonetheless, and just to be sure, traders were cautious in today's 
activity with little to position for going into tomorrow's Fed 
meeting.  The volume reflects that, coming in at a scrawny 1.15 
bln shares traded on the NYSE and 1.55 bln traded on the NASDAQ.  
No matter what the action, without volume, it holds no meaning.  I 
wouldn't read a darn thing into today's action, except to say that 
most traders and investors are really focusing on what's to come 
later in the week.  So skip today's billboards and focus on what's 
coming down the road.

For starter's, there's the Fed meeting that we've already broached 
above.  Then there's the vote that determines if Carly Fiorina get 
to keep her job as CEO of HWP/CPQ.  Yep, the vote on the merger is 
tomorrow and promises to be close.  If there are enough votes 
against the merger and it doesn't come to fruition, two things 
will happen.  First, Carly will lose her job.  Second, Michael 
Dell will be the hands-down winner.  For those that were in the 
game over two years ago, Dell made a prediction that CPQ would be 
out of business in five years because of their antiquated business 
model.  The merger prolongs the inevitable demise if they don't 
change their approach, but failed merger hastens their death, as 
it will leave them a weaker competitor on DELL's turf.

Late word is that HWP's employees will vote against the plan.  
Thus even if it is approved, employees could remain disgruntled - 
not a place where Fundamentals Guy wants to put his money.

Furthermore, in economic news we have the trade balance coming in 
tomorrow morning, housing starts and building permits on 
Wednesday, followed by initial jobless claims, CPI, leading 
indicators, and the Phili Fed report all on Thursday.  There ought 
not to be any surprises, but eyebrows could easily rise with a 
higher than expected CPI since inflation is assumed dormant.  If 
that happens, look for traders to get nervous about a Fed rate 
increase the next time around.  That won't sit well with market 
bulls.

OK, what about the technicals?  Let me sum it up this way.  They 
are inconclusive.  

Dow Industrials - INDU (weekly/daily/60):


 


The weekly chart has stalled but the daily chart halted its slide 
mid-run in descent.  The 60-minute candles seem to be finding a 
home between 10,500 and 10,650.  Not surprisingly, the 10,650 
level of resistance also happens to be the 78% retracement off the 
October lows and there is a bearish pennant under formation.  The 
saving grace for bulls is today's turnaround in the daily 
stochastic.  Repeat:  mixed picture.

NASDAQ - COMPX (weekly/daily/60):


 


NASDAQ has a similar mixed picture.  The weekly chart candles are 
neutral leaving us no clue as the ultimate break in direction.  
Stochastics are still bullish.  The daily stochastic looks like it 
might be ready to turn positive, but the lack of conviction on the 
60-min stochastic suggests that any daily moves will also be 
indecisive.  Furthermore, on the daily chart, COMPX is in the 
midst of congestion.  The 50 dma (magenta) and the 200 dma (gray) 
are conspiring in a parallel downward slope against further gains.  
Again:  mixed picture.

S&P 500 - SPX (weekly/daily/60):


 


Any different on the SPX?  Nope.  Weekly candles and stochastics 
topping out.  Same with the daily candles at the 63% retracement 
and the 60 min too, both at 1170-1172.  Daily stochastics halted 
in mid-slide .  Direction from here is uncertain.  Did I mention, 
"mixed picture"?

As if all that inconclusiveness is not enough, our good buddy, VIX 
is again flashing historical lows.  When volatility is this low, 
traders are fairly certain of market direction.  Everyone seems to 
think we will keep rolling down the same path to economic 
recovery, prosperity, and happy days soon to be here again.  For 
us contrarians, that's way too many people off in la-la land.  The 
native are fixated on dinner just through the trees, when all the 
while, they may be the ones about to become dinner to those 
unknowns that lurk just behind them.  Oscillators oscillate, and 
while the VIX can go lower as even greater unanimity of direction 
permeates bulls' brains with all the subtlety of a pending 
stampede, that too will reverse as sure as the sun will rise in 
the morning.  To all the bulls, beware the cliff that possibly 
lies ahead - the same one you collectively didn't see in March 
2000.

As for tomorrow, have I said it enough?  Low volume and lack of 
any substantive chart pattern has me on the sidelines until after 
the Fed meeting.  Perhaps a pattern will shake loose that becomes 
obvious.  Until then, the best thing I can do is avoid the 
temptation to trade a weak volume, indecisive market.  Wish we had 
better trading setups for tonight.  Bullish, bearish, doesn't 
matter.  Just show me a trend.

See you at the bell.


********************
INDEX TRADER SUMMARY
********************

Knee-Jerking The News

Monday offered another sideways session as traders wait to hiccup 
into every single news bit poised for release this week. They want 
to see if the economy is actually growing, stagnant, shrinking, 
etc and perhaps the next indicator out will enlighten all? 

Hardly, but that's the irrational world we play within. Makes no 
more sense than the SOX being upgraded AND downgraded several 
times a week every week (no longer funny) but since when did logic 
and reason have one whit to do with making money in the markets?

How about a fresh look at some often overlooked sectors tonight 
for a change? Good... I'm glad you said yes!

(Weekly/Daily Charts: XBD)


 

Broker/Dealer index has gone parabolic recently. I suppose the 
sure-thing end to this bear market means day traders will return 
to plop their money on our tables once again. In any event we have 
bullish (for now) stochastic values and something of a bull flag 
pattern (blue) in the daily chart formed. Today's price action 
came to rest smack-dab on support, and there are probably some 
stocks within this sector poised to pop between now and 4/01 when 
mutual fund windows get dressed.

(Weekly/Daily Charts: XAL)


 

Airlines have bull-flagged their way up the weekly chart since 
last fall, but are currently banging up against resistance in the 
channel. Last three times that happened, price action retreated to 
support. Wanna wager we go four for four? I'll take that bet 
looking at the steepness of that channel, oscillators turning 
bearish and the 103 area of 62% retrace in the daily chart lines 
up with the bottom of this weekly channel.

No buys in the frindly skies until lower altitudes are reached!

(Daily Charts: DFI)


 

When this market pulls back to digest gains, few sectors are going 
to cough up money faster than the newly-formed Defense Index. 
Traders who survived 1999 era and have seen these hockey stick 
trendlines before know for an absolute fact what's coming next: 
smashdown city. Not that these aren't fine companies with a bright 
future ahead, but no way does that trendline stand up in space 
like that for months and years ahead.

Pile up the sandbags around this one, because prices will soon be 
falling faster than price signs in those Wal-Mart TV commercials!

Summation
Indexes should go higher for at least the next two weeks, but it's 
likely to be a struggle in agony. Once the quarter-end window 
dressing ceases we have "earnings" season (we use that term very 
loosely) and IRA inflows as well. But plenty of danger lurks with 
volatility reaching historical lows, sentiment measures reading 
massively bullish and all seemingly well on Wall Street. Darkest 
days reflected in these charts were times to buy & hold. That 
being the truth, what should traders do during the brightest of 
times instead?

Best Trading Wishes,
Austin P


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**************
TRADERS CORNER
**************

Have We Really Learned ANYTHING?
by Mark Phillips
mphillips@OptionInvestor.com

I hope so!  Today I want to depart from my usual practice of
discussing interesting and valuable technical indicators and
studies that we can use in the trenches on a day-by-day basis
and focus a bit on the big picture.  And by the big picture, I
mean those lessons that all of us have learned (or at least
should have) about the investing world over the past few years.

Prompting me to deviate from our normal fare in this column was
a family get together that we enjoyed last weekend.  Good food
and family is always enjoyable, but for those of us in the
business of analyzing the financial markets, talk inevitably
turns to the markets.  The usual questions are raised, such as
"what exactly is it that you do?" as most people in my life (my
dear wife excluded, of course) have only a dim comprehension of
what my role is in this vast game/business that we all
participate in to varying degrees.  Perceptions range from my
being a high-powered analyst, to that of simply being a
day-trader.  Neither of which is accurate.  No matter how many
times I try to clarify what I do on a daily basis, the
descriptions seem to fall on deaf ears, as my listeners are
invariably focused on what they deem to be the most important
question they can ask me.  And with minor variations, it goes
like this.  "I've got a few thousand dollars I want to invest.
Do you have any hot tips?"

It's all I can do to keep from rolling my eyes, and then I
remember that I'm not talking with my usual well-informed
readers, but with members of the rather poorly informed public
that have only a dim understanding of what goes into determining
the solidity of an investment.  What really bothers me about the
question is the presumption that the way to "make a killing" in
the stock market is to follow some hot tip at a dinner party.
These are not stupid people.  In fact most of them are better
educated than I am.  But their wisdom seems to stop at the
limits of their formal education/profession.

I understand this is not uncommon, and is really the product of
a lack of education in the financial arena, but it still
concerns me.  These individuals are not really interested in
learning about the market, so much as motivated by the greed
factor, hoping to make a quick fortune in stocks, believing
that it is really that easy.  It seems that this group has
really learned nothing in the wake of the speculative Technology
bubble, the deflation of which has wiped out many a personal
fortune.  I think the best answer to their collective questions
is to try to arm them with valuable insight, without giving
them actionable investing advice (i.e. Buy IBM because I "know"
it is going higher this year).  So let me share my response with
you in hopes that you too can benefit from the knowledge.

What I told my gathered family and friends may seem a bit harsh,
but long-time readers will recognize the familiar strains of one
of my favorite rants.  It is not so much that I enjoy the topic,
but that I still think most people (Joe and Jane investor
included) just don't get it yet.  Simply put, I do not believe
that analysts can be trusted to give us meaningful and accurate
investment advice. So what I said is, "Assume that anything that
you hear from a broker, analyst or market strategist is a lie".
I qualified this statement by saying "There are good analysts
out there, but you cannot afford to risk your hard-earned money
on the say-so of a single individual.  You MUST confirm that
advice with hard data that you yourself can see and believe.  If
you do not have the time or inclination to do this research on
your own, then you shouldn't be playing with individual equities.
Pick a basket of diversified mutual funds and be done with it.
And don't even consider trying to time the market."

Now that doesn't apply to us in here, as we are all motivated to
do the necessary research to be successful in both our short and
long-term investment plans.  But I still don't think many people
understand the skepticism with which ALL "investment advice"
should be viewed.  And it doesn't matter whether the advice is
offered from Goldman's guru, Abbey Joseph Cohen, or OIN's Mark
Phillips.  I won't go into the details of the conflict of
interest that exists with analysts at most of the major
investment firms.  I think that information has been
well-chronicled over the past couple of years, both in the press
and in the various analysts' track records.  Suffice to say that
I do not believe the well-being of individual investors is a
primary concern of these Wall Street soothsayers, as the bulk of
their revenue comes from the other side of the business;
Investment Banking.  I did detail this information in a Trader's
Corner article last year, entitled Analyzing Those Amazing
Analysts.  If you missed it or are just new to the site, I would
highly recommend clicking on the link and checking it out.  

Coming back to the title line of my article tonight, I hope that
we have all learned a very important lesson over the past few
years, and that is that the only investment advice that we can
truly rely on is our own.  We do a lot of research and writing
here in the newsletter, and our primary goal is education.  Each
day there are nuggets of educational wisdom penned here by Eric,
Jeff, Austin, Buzz and Jim.  And of course, we now have the
added contributions of Leigh to round out the roster.  Here's
a quick test to see if you have really learned the lesson's of
the past few years.  When the newsletter arrives each night, do
you skip past the educational content and head straight for the
plays?  I hope not!  Question #2 is whether you use the play
write-ups as a starting point for your own research, or whether
you cue up your buy/sell orders based on whether a given stock
is on the Call or Put list that night?  If the former response
is your own and you gave a negative response to the first
question, then I think you are well on your way to incorporating
the lessons of the recent past into a successful investment
strategy.

We all need to keep in mind that the information provided
here should be the starting point for your own research, not
the trigger point to enter a buy or sell order.  If you can take
the education found within this site and apply it to improve
your trading knowledge, then you have found an analyst that you
can truly believe in.  YOU!

Have an educational and profitable week!

Mark


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***********************
INDEX TRADER GAME PLANS
***********************

Index Trader Swing-Trade Game Plan: Sunday 03/17/2002 
-----------------------------------------------------
Trading The "Noise"


News & Notes: 
-------------
From the weekend Gameplan summation: "Friday's artificial action 
makes Monday tough to read. Be prepared to play either direction 
and drop one quickly for the other. I would not chase any large 
gap-open moves off the bell without reassessing the situation 
after 9:30am myself. These are the guidelines I intend to follow 
subject to change when Monday a.m. rolls around."

That was precisely what we saw today. A gap-higher open, 
subsequent plunge and higher drift into the close. Good for small 
gains fast or whipsaws either way, not a fun session to trade for 
most.

Featured Markets: 
----------------
[60/30-Min Chart: OEX]  


 

The bullish triangle broke but wasted its energy on the gap up. It 
quickly met resistance perfectly measured in weekend Gameplan and 
fell from there. Early calls should be exited upon such failure 
and early puts opened within that zone had time for minimal gains. 
Chart signals are mixed and I expect a visit to support in the 
next few sessions ahead. Could be choppy still and break higher to 
new recent highs in one quick move is very possible.

[60/30-Min Chart: SPX]  


 

Same for the SPX. Offered minimal intraday gains but sits in space 
right now. Could go either direction with a slight bias to the 
downside considering price action halted in both S&Ps depicted 
right below resistance of these patterns.

[60/30-Min Chart: QQQ]  


 

Qs are trading the top of their channel after breaking above the 
bullish triangle on a pop & drop. Charts look weak to mixed with 
no viable entries here, either.

Summation: 
---------
No tradable setup exists for the open tomorrow. Sloppy day didn't 
offer anything to wager from tonight. We'll watch the horizontal 
lines of resistance and support for pivot points to play in the 
next few sessions ahead.


Trade Management:
----------------
Option traders may choose listed In-The-Money (ITM) or Out-The-
Money (OTM) contracts by personal preference. They are selected 
based on volume, open interest and "Delta" values in that order. 
Our preference is usually OTM contracts except for the last few 
days of expiration when ATM or ITM contracts are preferred.

Entry triggers are points where plays are tracked when price 
action breaks above for calls or below for puts. Stops are the 
exact opposite of that. Sell targets are points to exit based on 
index levels or %gain on option contract price as noted.

*No entry targets listed mean the models are idle at that time.


New Play Targets:
----------------
         QQQ                          DJX
Apr Calls: 38 (QQQ-DL)            Apr Calls: 106 (DJV-DB)  
Long: BREAK ABOVE none            Long: BREAK ABOVE none
Stop: Break Below                 Stop: Break Below 
                                

Apr Puts: 37 (QQQ-PK)             Apr Puts: 105 (DJV-PA) 
Long: BREAK BELOW none            Long: BREAK BELOW none
Stop: Break Above                 Stop: Break above 


=====


         OEX                         SPX
Apr Calls: 600 (OEY-DT)           Apr Calls: 1175 (SPT-DO)
Long: BREAK ABOVE none            Long: BREAK ABOVE none
Stop: Break Below                 Stop: Break Below 


Apr Puts: 590 (OEB-PR)            Apr Puts: 1150 (SPT-PJ)
Long: BREAK BELOW none            Long: BREAK BELOW none
Stop: Break Above                 Stop: Break Above 



Open Plays:
----------
None


Index Trader Sector-Trade Game Plan: Monday 03/18/2002 
-------------------------------------------------------------    
Treading Water

News & Notes: 
-------------
Current open short plays tracked have not budged either way in days. 
Tight range action will not last indefinitely, but may continue at least 
one more day.

Featured Plays: 
---------------
None 


Summation: 
----------
No new entries listed for tonight. We expect a listing of longs, shorts 
or both to track in Tuesday night's Gameplan edition.


Trade Management: 
-----------------
Entry triggers are points where plays are tracked when price action 
breaks above for calls or below for puts. Stops are the exact opposite 
of that. Sell targets are points to exit based on index levels or %gain 
on share price as noted. 

No entry targets listed mean the model is idle at that time. 

** Asterisk means symbol has listed options as well 


New Play Targets:
-----------------
None


Open Long Plays:
----------------
None                 


Open Short Plays
----------------
XLB **          XLP **          
Short: 23.75    Short: 26.00    
Stop:  25.00    Stop:  28.00    

XLV **          XLY **          
Short: 29.00    Short: 29.90    
Stop:  31.00    Stop:  32.00    

IYD             IYK             
Short: 45.25    Short: 45.90    
Stop:  48.00    Stop:  48.00    

IYR             UTH **          
Short: 84.75    Short: 93.25    
Stop:  88.00    Stop:  98.00    

RTH **          PPH **          
Short: 98.00    Short: 98.75    
Stop: 102.00    Stop: 102.25    

DIA **[DJX]     IYM
Short: 105.90   Short: 42.00 
Stop:  110.00   Stop:  44.50

IYE
Short:  49.70
Stop:   52.00

IJJ
Short:  97.00
Stop:  101.00

XLE             
Long: 26.75     
Stop: 28.50 [hit 28.74]
Result: -1.99    


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*******************
FREE TRIAL READERS
*******************

If you like the results you have been receiving we
would welcome you as a permanent subscriber.

The monthly subscription price is 39.95. The quarterly
price is 99.95 which is $20 off the monthly rate.


We would like to have you as a subscriber. You may
subscribe at any time but your subscription will not
start until your free trial is over.

To subscribe you may go to our website at

www.OptionInvestor.com

and click on "subscribe" to use our secure credit
card server or you may simply send an email to

 "Contact Support"

with your credit card information,(number, exp date, name)
or you may call us at 303-797-0200 and give us the
information over the phone.

You may also fax the information to: 303-797-1333


**********
DISCLAIMER
**********

Please read our disclaimer at:
http://www.OptionInvestor.com/page/oin/aboutus/disclaimer.html


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Contact Support
The Option Investor Newsletter                   Monday 03-18-2002
Copyright 2001, All rights reserved.                        2 of 2
Redistribution in any form strictly prohibited.


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**************************************************************


*****************
STOP-LOSS UPDATES
*****************

ACS - call
Adjust from $51.50 up to $54.50

CEPH - call
Adjust from $63.00 up to $64.25

IDPH - call
Adjust from $65 up to $67

KSS - call
Adjust from $68.50 up to $69

CTX - put
Adjust from $61.50 down to $59

EMLX - put
Adjust from $31.50 down to $28.75

RYL - put
Adjust from $92.50 down to $90.50


*************
DROPPED CALLS
*************

None


************
DROPPED PUTS
************

None


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traded options,” claims author Larry Spears in his new compact 
guide book:  

“7 Steps to Success – Trading Options Online”.  

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and clicking on the link to the book on its home page.

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**************************************************************


*********************
PLAY OF THE DAY - PUT
*********************

CTX – Centex Corporation $56.16 -1.73 (-1.73 this week)

The top home builder in the U.S., CTX operates in 20 states and
Washington DC, as well as in Latin America and the UK.  The
company builds almost 19,000 homes a hear with an average price
tag of $190,000 for both first-time and move-up buyers.  The
company has subsidiaries that offer home security systems and
pest-control services, as well as construction contracting for
hospital, school, office building and hotel projects.  Rounding
out the picture, CTX has interests in land development, mortgage
banking, commercial real estate, and construction supply
manufacturing.

Most Recent Write-Up

The incredible boom in housing stocks over the past several
months seems to be waning, at least if the action of the DJ US
Home Construction index (DJUSHB) is any indication.  After
topping out near the $380 level earlier this month, supply
appears to be taking control.  Since then the index has waffled
sideways and in the past few days has moved significantly lower,
breaking the $358 support level on Friday.  Shares of CTX have
followed a similar pattern, topping out near $63 earlier this
month and then breaking support just above $58 on Friday.  While
bulls may point to the afternoon rebound off the lows, they were
unable to overcome the gap down open and ended the session
fractionally lower and below the 20-dma ($58.04) for the first
time in almost a month.  Look for failed rallies to provide the
best entry points, ideally in the $59-60 area.  Of course
continued weakness can also be used for initiating new positions
as the stock falls below the $56.50 level on its way to testing
stronger support near $53.  Our stop is currently set at $61.50.

Comments

Following the trend can provide great opportunities to profit,
but catching the trend change provides a boost to those returns.
It is looking more and more like the bullish run in Housing
stocks, measured by the DJ US Home Construction index ($DJUSB),
is starting to reverse course.  The index has been has been
picking up speed to the downside and CTX continues to lose
relative strength in comparison to the DJUSHB.  It's hard to go
wrong with that combination, and in the past 4 days CTX has
given up nearly 8.5% and selling volume is on the rise, even
while broad market volume has been rather anemic ahead of the
FOMC meeting tomorrow.  While the stock is becoming a bit
oversold (as measured by the daily Stochastics) on a short-term
basis, that doesn't mean it won't become more so.  Look for
fresh entries to materialize either on a failed rally near the
$58 intraday resistance level or else wait for the $55.50 support
level to give way under continued heavy selling pressure.  We
are lowering our stop tonight to $59.  Monitor the DJUSHB for
signs of continued sector weakness before playing.

BUY PUT APR-60 CTX-PL OI= 186 at $5.20 SL=3.25
BUY PUT APR-55*CTX-PK OI=1547 at $2.50 SL=1.25
BUY PUT APR-50 CTX-PJ OI=3856 at $1.00 SL=0.50

Average Daily Volume = 977 K



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that:
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offers stop and stop loss online option orders
offers contingent option orders based on the price of the 
option or stock
offers online spread order entry for net debit or credit
offers fast option executions

PreferredTrade offers these online option trading features and 
more; call 1-888-889-9178 or click for more information.

http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
**************************************************************


*******************
FREE TRIAL READERS
*******************

If you like the results you have been receiving we
would welcome you as a permanent subscriber.

The monthly subscription price is 39.95. The quarterly
price is 99.95 which is $20 off the monthly rate.


We would like to have you as a subscriber. You may
subscribe at any time but your subscription will not
start until your free trial is over.

To subscribe you may go to our website at

www.OptionInvestor.com

and click on "subscribe" to use our secure credit
card server or you may simply send an email to

 "Contact Support"

with your credit card information,(number, exp date, name)
or you may call us at 303-797-0200 and give us the
information over the phone.

You may also fax the information to: 303-797-1333


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Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.

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Option Investor Inc
PO Box 630350
Littleton, CO 80163

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