Option Investor
Newsletter

Daily Newsletter, Saturday, 09/09/2006

HAVING TROUBLE PRINTING?
Printer friendly version

Table of Contents

  1. Market Wrap
  2. New Option Plays
  3. In Play Updates and Reviews
  4. Trader's Corner

Market Wrap

Market Wrap


New Plays

New Option Plays

Call Options Plays
Put Options Plays
Strangle Options Plays
OMCBNINone
 ESRX 
 FLR 

New Calls

Omnicom - OMC - close: 90.97 chg: +1.72 stop: 87.84

Company Description:
Omnicom Group Inc. is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. (source: company press release or website)

Why We Like It:
OMC displayed some relative strength on Friday. The stock surged higher with a 1.9% gain on above average volume to breakout over resistance at its 100-dma and the $90.00 level (actually resistance in the $9.30-9.40 region). If you look at the daily chart you can see that OMC has just broken through the neckline of an inverse (bullish) head-and-shoulders pattern it just happens to have two right shoulders, which is not uncommon. The H&S pattern would suggest a $96 target, which almost coincides with the June highs near $96.60. We are suggesting that traders open call option positions with OMC above $90.00. Our target is the $96.00-96.50 range. The Point & Figure chart for OMC is very optimistic with a $131 target.

Suggested Options:
We are suggesting the October calls.

BUY CALL OCT 90.00 OMC-JR open interest=1433 current ask $2.85
BUY CALL OCT 95.00 OMC-JS open interest=1385 current ask $0.75

Picked on September 10 at $ 90.97
Change since picked: + 0.00
Earnings Date 10/24/06 (unconfirmed)
Average Daily Volume = 1.1 million
 

New Puts

Burlington NorSantaFe - BNI - cls: 65.93 chg: +0.09 stop: 66.75

Company Description:
A subsidiary of Burlington Northern Santa Fe Corporation, BNSF Railway operates one of the largest railroad networks in North America, with about 32,000 route miles in 28 states and two Canadian provinces. (source: company press release or website)

Why We Like It:
We are going to try again with BNI. We had the stock on the newsletter recently as a put candidate but then chose to exit early when shares broke out higher above the top edge of its bearish channel on August 31st. Since then shares of BNI have not made any headway. The stock has been consolidating sideways. Meanwhile the Dow Jones Transportation average is breaking down from its own sideways consolidation. This weakness in the transports is bad news for the market and will likely pull BNI with it. Our plan is to catch a breakdown under support near $64.00. We're suggesting that traders use a trigger at $63.74 to open positions. We are going to have two targets. We suggest readers sell part of their position at $60.25 then sell the rest at our second target of $57.00. The P&F chart is bearish with a $50 target.

Suggested Options:
We are suggesting the October puts.

BUY PUT OCT 65.00 BNI-VM open interest=4287 current ask $2.10
BUY PUT OCT 60.00 BNI-VL open interest=2204 current ask $0.75

Picked on September xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/24/06 (unconfirmed)
Average Daily Volume = 2.8 million

---

Express Scripts - ESRX - close: 81.29 chg: +0.35 stop: 82.51

Company Description:
Express Scripts provides integrated PBM services, including network-pharmacy claims processing, home delivery services, benefit-design consultation, drug-utilization review, formulary management, disease management, and medical- and drug-data analysis services. (source: company press release or website)

Why We Like It:
The upward momentum in shares of ESRX is running out of steam. Shares broke out over resistance at $80.00 and its 200-dma in early August but have not been able to build on that feat. The sideways consolidation over the past five-weeks also appears to have a bearish double-top pattern. If the market does see a September swoon then we expect ESRX will breakdown under support at $80.00. It's our plan to capture the breakdown with a suggested trigger to buy puts at $79.85. If triggered our short-term target is the $75.50-75.00 range. It's worth noting that a move under $80 would reverse the P&F chart into a new sell signal.

Suggested Options:
We are suggesting the October or November puts. Our trigger to open positions is at $79.85.

BUY PUT OCT 85.00 XTQ-VQ open interest=233 current ask $5.20
BUY PUT OCT 80.00 XTQ-VP open interest=446 current ask $2.50
BUY PUT OCT 75.00 XTQ-VO open interest=241 current ask $1.10

BUY PUT NOV 80.00 XTQ-WP open interest=559 current ask $3.80
BUY PUT NOV 75.00 XTQ-WO open interest=667 current ask $2.10

Picked on September xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/25/06 (unconfirmed)
Average Daily Volume = 1.6 million

---

Fluor - FLR - close: 81.74 change: -1.17 stop: 86.01

Company Description:
Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. (source: company press release or website)

Why We Like It:
Normally we would be watching the $80.00 level for round-number, psychological support but it looks like the key level on FLR was the $82.00 mark. The stock has been bouncing along support near $82 for months but the bearish trend of lower highs has finally bloomed into a bearish breakdown and sell signal. The recent weakness has also produced a breakdown under technical support at its simple and exponential 200-dma(s). Friday's decline has also produced a bearish triangle breakdown sell signal on its P&F chart with a $75 target. We are suggesting that readers open put plays with FLR under $82.00. Our target is the $75.50-75.00 range. Don't be surprised to see a little bit of an oversold bounce near $80.00.

Suggested Options:
We are suggesting the October puts.

BUY PUT OCT 85.00 FLR-VQ open interest=620 current ask $5.20
BUY PUT OCT 80.00 FLR-VP open interest=634 current ask $2.70
BUY PUT OCT 75.00 FLR-VO open interest=883 current ask $1.20

Picked on September 10 at $ 81.74
Change since picked: + 0.00
Earnings Date 11/06/06 (unconfirmed)
Average Daily Volume = 863 thousand
 

New Strangles

None today.
 


Play Updates

In Play Updates and Reviews

Call Updates

Cameco - CCJ - close: 40.68 change: -0.16 stop: 38.75

We continue to urge caution here with CCJ. The bullish breakout buy signal in the gold and silver index (XAU) that occurred on Tuesday last week has been reversed and the move looks like a bull trap. While CCJ is more of a uranium miner than a gold miner the sell-off in gold stocks is still weighing on the stock. Currently, CCJ still looks bullish with its own breakout that began early last week. However, the stock looks poised to dip back toward the $40 level soon. More conservative traders might want to tighten their stops. At this point we would probably not open new bullish plays until CCJ traded back above $41.25 or $41.50. Our target is the $44.50-45.00 range. FYI: The Point & Figure chart points to a $55 target.

Suggested Options:
We are not suggesting new call plays in CCJ at this time.

Picked on August 22 at $ 40.33
Change since picked: + 0.35
Earnings Date 07/28/06 (confirmed)
Average Daily Volume = 1.9 million

---

Carpenter Tech. - CRS - cls: 99.24 chg: -0.47 stop: 97.45

Our short-term bias on the steel sector is turning. The bullish breakout in the group that began a week ago Monday has reversed. CRS was no exception and short-term technical indicators have rolled over. We strongly considered exiting early in CRS but shares are still holding above support at the 10-dma. We are not suggesting new plays at this time and more importantly more conservative traders may still want to cut their losses now. If the major averages turn lower next week then CRS will no doubt hit our stop loss at $97.45. FYI: CRS' P&F chart is still bullish and points to a $120 target but the stock could fall to $94 and still maintain its buy signal.

Suggested Options:
We are not suggesting new positions in CRS at this time.

Picked on September 05 at $101.10 *gap higher*
Change since picked: - 1.86
Earnings Date 10/23/06 (unconfirmed)
Average Daily Volume = 847 thousand

---

Cymer Inc. - CYMI - close: 42.13 chg: +0.31 stop: 39.95

CYMI has been showing some relative strength this past week. The stock fared a lot better than many of its peers when the SOX semiconductor index led the market lower during the mid-week sell-off. You could argue that CYMI is poised to breakout to new relative highs and traders might want to open new call plays on another rise past the $42.50 level. However, what concerns us is the SOX index. The technical picture for the SOX has turned somewhat negative and its MACD on the daily chart has produced a new sell signal. If you add in that we're in September, which is typically one of the worst months of the year for stocks, it makes us extra cautious and we want to see more strength in our bullish candidates. We're not suggesting new plays at this time but as we mentioned earlier traders could use another breakout over $42.50 as an entry point. Bear in mind that the 200-dma or the 100-dma still overhead could act as resistance. FYI: The P&F chart points to a $59 target.

Suggested Options:
We are not suggesting new plays in CYMI at this time.

Picked on September 06 at $ 42.55
Change since picked: - 0.39
Earnings Date 10/24/06 (unconfirmed)
Average Daily Volume = 1.0 million

---

Emerson Elec. - EMR - close: 81.17 chg: -0.63 stop: 79.99

We have to wave the yellow caution flag here. Thursday's intraday bounce near the 200-dma looked like a new bullish entry point in EMR. Friday's failure to see any sort of follow through higher is bad news! The stock slipped back toward the 200-dma and the MACD indicator on the daily chart has produced a new sell signal. We strongly considered exiting early right here and more conservative traders may want to cut their losses now. We're going to stick it out and see if shares will bounce again from the 200-dma or will they dip and bounce near round-number support around $80.00. We are not suggesting new plays at this time. The P&F chart looks very bullish and points to a $92 target but shares could dip to $78 and still maintain a buy signal.

Suggested Options:
We are not suggesting new plays in EMR at this time.

Picked on September 05 at $ 83.55
Change since picked: - 2.38
Earnings Date 10/31/06 (unconfirmed)
Average Daily Volume = 1.5 million

---

Freeport McMoran - FCX - close: 58.31 chg: -1.00 stop: 57.45 *new*

FCX lost another 1.6% on Friday as the metal and mining stocks continued to pull back instead of bouncing higher like the major market averages. Like the failed rally and bullish breakouts in gold and steel stocks we are worried that the bullish breakout in FCX may continue to reverse. At this time we're going to raise our stop loss to $57.45, which is relatively close to break even. More aggressive traders may want to leave their stop loss under $56 and its 200-dma. Technically FCX should find some support near $58.00 but we skeptical. We are not suggesting new positions at this time.

Suggested Options:
We are not suggesting new plays in FCX at this time.

Picked on August 23 at $ 57.51
Change since picked: + 0.80
Earnings Date 10/17/06 (unconfirmed)
Average Daily Volume = 5.1 million

---

Phelps Dodge - PD - close: 91.09 change: -1.41 stop: 87.95 *new*

Copper-miner PD has weathered the pull back in metals a bit better than some of its peers. We told readers to expect a dip toward $90 and that's what PD delivered on Friday. A bounce from current levels could be used as a new bullish entry point to buy calls but we would not be surprised to see the dip continue toward the $89.00 level. We're going to inch our stop loss higher to $87.95. Shares of PD should find additional support near $88.50 with its six-week trendline of higher lows (see chart). Our target is still the $97.50-100.00 range. FYI: We would enter new positions cautiously as the P&F chart shows a "bull trap" pattern following the recent buy signal ($111 target).

Suggested Options:
We would wait for a bounce, probably above Friday's high (92.09) before considering new plays.

BUY CALL OCT 90.00 DBP-JR open interest=14014 current ask $5.90
BUY CALL OCT 95.00 DBP-JS open interest=13805 current ask $3.50

Picked on September 01 at $ 90.55
Change since picked: + 0.54
Earnings Date 10/25/06 (unconfirmed)
Average Daily Volume = 6.7 million

---

United Ind. - UIC - close: 52.89 change: -0.57 stop: 49.99

Unfortunately there are not any changes for our UIC play. As predicted the stock continues to see profit taking following its impressive August rally. The $52 level might offer some support but shares could just as easily slip toward stronger support near $50.00 and its 100-dma and 200-dma. What could help UIC is that the DFI defense index, which broke out over significant resistance last week, is still holding above that resistance level (near 1100). Another rebound in the DFI and shares of UIC might end its consolidation phase. We are not suggesting new positions in UIC at this time. The stock has already hit our primary target in the $54.75-55.00 range. Our secondary target is the $57.50 level.

Suggested Options:
We are not suggesting new plays in UIC at this time.

Picked on August 27 at $ 51.77
Change since picked: + 1.12
Earnings Date 08/01/06 (confirmed)
Average Daily Volume = 198 thousand

---

VF Corp. - VFC - close: 71.42 change: +1.32 stop: 68.95 *new*

After a couple of misfires it looks like the rally in VFC is finally taking off. We almost gave up on it with all the failures but shares never broke down under the $69 level. Friday saw VFC display plenty of relative strength with a 1.88% gain and a new all-time high. Thursday we suggested that the rebound looked like a new entry point and traders might still want to chase it here although feel free to raise your target. The P&F chart points to a $96 target. We are aiming for the $74.00-75.00 range. Please note that we're raising our stop loss to $68.95.

Suggested Options:
We are suggesting the October calls. Remember, we do not want to hold over the October earnings report for VFC.

BUY CALL OCT 70.00 VFC-JN open interest= 25 current ask $3.70
BUY CALL OCT 75.00 VFC-JO open interest= 79 current ask $1.25

Picked on August 30 at $ 70.25
Change since picked: + 1.17
Earnings Date 10/18/06 (unconfirmed)
Average Daily Volume = 567 thousand
 

Put Updates

Boeing - BA - close: 72.80 change: -0.07 stop: 76.26 *new*

BA is still sinking and shares hit a new five-month low on rising volume this past Friday. We remain bearish but the short-term momentum indicators are suggesting that the next move will be higher. We can expect a bounce back toward the $75-76 levels, especially if the major market averages continue to rebound next week. Our Thursday update said we were changing our stop loss to $76.26 but the change was not updated until this weekend. We are not suggesting new positions at this time. Our target is the $70.50-70.00 range.

Suggested Options:
We are not suggesting new plays in BA at this time.

Picked on August 10 at $ 75.75
Change since picked: - 2.95
Earnings Date 10/25/06 (unconfirmed)
Average Daily Volume = 4.2 million

---

Chipotle Mex Grill - CMG - close: 47.92 chg: -1.93 stop: 51.55*new*

It was a rough day for shares of CMG on Friday. The stock dipped to an intraday low of $45.82 before bouncing. Unfortunately, our target is the $45.50-45.00 range so it was close but no cigar (yet). The weakness on Friday certainly pushed the technical indicators strongly back into bearish patterns. The move appeared to be fueled by investor reaction to new out of McDonalds (MCD). MCD, who still owns just over 50 percent of CMG, announced on Friday that it was offering its shareholders the chance to swap all or some of their shares of MCD for shares of CMG. MCD says they plan to sell the rest of its stake in CMG by the end of October. It looks like the reaction in CMG may have been due to MCD offering its shareholders a 10% discount versus the current value of CMG shares. We remain bearish but short-term the bounce may not be over yet so expect CMG to try and rally back toward the $50 level. Please note we're moving the stop loss down to $51.55.

Suggested Options:
We are not suggesting new positions in CMG at this time.

Picked on August 09 at $ 50.28
Change since picked: - 2.36
Earnings Date 10/30/06 (unconfirmed)
Average Daily Volume = 414 thousand

---

EOG Resources - EOG - close: 60.89 chg: -2.11 stop: 65.31 *new*

Another drop in crude oil futures helped pull shares of EOG to a 3.3% decline on Friday. We expect the slide to continue. The summer driving season is over. Oil inventories are at very high levels. At the moment there seems to be a lull in the West-versus-Iran drama. Don't be surprised if EOG manages a bounce from the $60 level but we continue to target the $57.50-55.00 range. We're going to adjust our stop loss to $65.31, which is just above the simple 10-dma. We would not open new positions at the moment but a failed rally under $64 could be used as a new entry point. Remember, the biggest risk we see to this play is any escalation with the U.S. and Iran.

Suggested Options:
We are not suggesting new positions in EOG at this time.

Picked on September 06 at $ 63.85
Change since picked: - 2.96
Earnings Date 10/31/06 (unconfirmed)
Average Daily Volume = 3.3 million

---

Johnson Controls - JCI - close: 69.90 chg: +0.53 stop: 75.51

JCI did manage something of an oversold bounce on Friday. Overall the pattern remains bearish. We were a little bit surprised by the spike in volume on Friday since the stock didn't move that much. We're not suggesting new positions right here but readers can watch for a failed rally under $72.00 or $72.50 as a potential entry point. More conservative traders might want to tighten their stops toward $73.00. Our target is the $68.50-67.50 range. The P&F chart points to a $59 target.

Suggested Options:
We are not suggesting new positions in JCI at this time.

Picked on August 22 at $ 72.96
Change since picked: - 3.06
Earnings Date 10/19/06 (unconfirmed)
Average Daily Volume = 1.3 million

---

Radian Group - RDN - close: 58.60 chg: -0.50 stop: 61.51

RDN displayed some relative weakness on Friday. The stock lost 0.8% and dropped back under the $59.00 level. We were suggesting that readers wait for another decline under $59.00 as a new entry point to buy puts. These last couple of weeks has seen RDN breakdown from a bearish head-and-shoulders pattern, breakdown under $60.00, breakdown under its 200-dma and exponential 200-dma, and do it with a steady pattern of lower highs. Our target is the $55.15-55.00 range. The P&F chart points to a $50 target.

Suggested Options:
We are suggesting the October or November puts.

BUY PUT OCT 60.00 RDN-VL open interest= 58 current ask $2.65
BUY PUT OCT 55.00 RDN-VK open interest= 86 current ask $1.00

BUY PUT NOV 60.00 RDN-WL open interest=310 current ask $3.40
BUY PUT NOV 55.00 RDN-WK open interest=402 current ask $1.45

Picked on September 06 at $ 58.99
Change since picked: - 0.39
Earnings Date 10/18/06 (unconfirmed)
Average Daily Volume = 722 thousand
 

Strangle Updates

None
 

Dropped Calls

Allegheny Tech. - ATI - cls: 59.05 chg: -1.13 stop: 56.95

Watch out - danger ahead! The sector-wide rally in steel stocks early last week has failed. Most of the market turned lower on Wednesday and Thursday last week but managed a bounce on Friday. Not so for the steel stocks, which continued to decline. The bullish breakout in ATI that caught our attention on Tuesday has reversed. Friday's close under the $60 level looks like bad news. Aggressive traders might want to consider hanging on but we're exiting early to cut our losses now. The P&F chart for ATI is still bullish so we would keep an eye on the stock for another rebound above its 50-dma, near $61.17.

Picked on September 05 at $ 62.32
Change since picked: - 3.27
Earnings Date 10/25/06 (unconfirmed)
Average Daily Volume = 3.3 million

---

AstraZeneca - AZN - close: 61.35 change: -0.81 stop: 61.95

We have been stopped out of AZN at $61.53. We had hoped that the sell-off in AZN would stop near support at $62.00 but on Friday morning Citigroup downgraded the stock to a "hold" and shares fell lower for the fourth day in a row. Unfortunately, AZN gapped open lower at $61.53, which is under our stop loss at $61.95. The four-day sell-off has erased most of the August rally in AZN and it will be interesting to see if shares can rebound from technical support at the 50-dma, which is where the stock stalled on Friday.

Picked on August 20 at $ 62.99
Change since picked: - 1.64
Earnings Date 10/26/06 (unconfirmed)
Average Daily Volume = 1.1 million
 

Dropped Puts

None
 

Dropped Strangles

None
 


Trader's Corner

Channeling

Traders sometimes channel a little help from the past's great technicians. Some of those gurus are still with us, such as John Bollinger, inventor of Bollinger bands or envelopes. Others, such as Chester Keltner, who first described Keltner channels, and Richard Donchian, credited as the inventor of Donchian channels, are gone. Although I remember studying regression analysis way back when, I have no idea who first pioneered studies in regression analysis or applied regression analysis to studying the markets. Whoever it was must also be included in those whose help traders sometimes channel.

All are responsible for channels or bands that help traders pinpoint likely resistance and support. My recent articles have promoted the importance of determining resistance and support for all options traders, no matter what type of options plays they might employ. Those of us trading credit spreads count on prices not violating our sold strikes. Those buying calls or puts count on prices moving up from support or down from resistance. Whatever we're doing as options traders, we need tools to determine where support or resistance are likely to be found. Previous articles have discussed using moving averages and trendlines. This one touches on several types of channels or bands.

Most traders are familiar with regression channels and Bollinger bands. If not, sources such as www.stockcharts.com's "Chart School" discuss Bollinger bands or various types of envelopes or price channels. Fewer discussions can be found on Donchian or Keltner channels, so I thought I'd concentrate on those in this article.

Traders should become familiar with Donchian channels because those channels provide a quick and easy-to-read snapshot of historical support or resistance over any period of time traders input. Suppose that at the end of the day on August 30, traders had wanted to know where support and resistance had been found on the last 20 fifteen-minute periods on the SPX, for example.

Annotated 15-Minute Donchian Chart for the SPX:

Donchian channels were intended to identify breakout plays. Because they are set at the highest and lowest value for any predetermined number of bars, the channels will always move up or down with resistance or support. When I want to identify a breakout, I offset them by two periods, but when I want a quick reference for resistance or support, I do not use an offset. A glance across the screen tells me where historical resistance or support has been found without a lot of extra effort or time.

The chart can provide other information. On the Donchian channel chart of the SPX seen above, the channel lines have moved around a bit. That movement alerts traders neither support nor resistance were particularly stable over the period being examined, a useful bit of information. On August 31, the SPX was to break through the resistance shown above, rising for a few days before it broke lower again. Although the direction of that initial upside breakout wasn't apparent, the steeply rising support had been, and the volatility of both support and resistance had been changing.

While Donchian channels are useful in pinpointing historical support or resistance, Keltner channels help identify future support and resistance. They go further, helping traders set targets if that support or resistance is breached.

Annotated 240-Minute Keltner Channels for the RUT:

For most indices, the black channel lines contain most price movements on 240-minute and daily charts, and often on the intraday ones, too. Ultimately, they did on the RUT, too, with the RUT finally beginning its long slide lower this week. I set these black channel lines using a 45-ema (length = 9) and a multiplier of 3.

Those studying Keltner channels should remember that the lines are dynamic, with price movements either nudging or shoving those channel lines in the direction they're moving. Whether they're nudged or shoved depends on the momentum of the price movement, but they won't stay static unless price is relatively static, too. The RUT was to nudge its black resistance line a little higher in the days following the initial capture of the chart seen above, but only one 240-minute close was above that line, and that was only by a few cents, a stop-running movement before the next candle started the decline.

Even if the lines can be nudged or shoved by price movements, they're helpful for determining likely support or resistance over a given period of time. When planning options plays to be held for a number of days up to a couple of weeks, the 240-minute and daily charts prove helpful. If plays will unfold over a number of weeks, the weekly Keltner chart should also be consulted.

Day trades require study of intraday charts, with three-minute, five-minute, seven-minute and fifteen-minute charts often helpful, depending on the security being studied.

Annotated Seven-Minute Keltner Chart of the OEX:

At the same time that the OEX was adhering rather well to the resistance implied by the outer Keltner channel on the seven-minute chart, the Russell 2000 required a study of the 60-minute chart before reliable Keltner support and resistance could be found. Each security differs slightly except on those days when buy and sell programs are impacting most indices equally. Then you'll find them moving in lockstep, but most times, you'll need to do a little investigation. It's not hard and it doesn't take long to flip through several charts with several different time intervals.

To summarize, Donchian channels pinpoint historical support and resistance, while Keltner channels, by contrast, provide a sense of where next support or resistance might be found. Nesting several Keltner channels together, such as the 45-ema/3-multiplier and 120-ema/7.2-multiplier channels seen here, go further by telling traders where prices might go if the primary support or resistance is breached on a close.

Similarly, regression channels determine trendlines where support or resistance has historically been found on a trending move. I would compare Bollinger bands to Keltner channels, in that they show where support or resistance is likely to be found, not where it was found historically.

Both historical and likely support and resistance are important to know, so in swing or position trades that allow one to study charts for a time and not act on a hair-trigger decision, I would recommend studying one type of channel that determines historical support or resistance and another that determines likely next support or resistance. Examples might include studying both regression channels and Keltner channels or both Donchian channels and Bollinger bands, or any similar combination. If day trading and not able to study more than one chart, I prefer nested Keltner charts, but many other traders stick by Bollinger bands. Spend a quiet market day studying the various types available to you on your charting service, and make your own decision, but do channel a little help from the past's great trading gurus.
 

Today's Newsletter Notes: Market Wrap by Jim Brown, Trader's Corner by Linda Piazza, and all other plays and content by the Option Investor staff.

DISCLAIMER

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.

To ensure you continue to receive email from Option Investor please add "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163

E-Mail Format Newsletter Archives