Option Investor
Newsletter

RECOMMENDED PUT WRITE LIST FOR NOVEMBER

HAVING TROUBLE PRINTING?
Printer friendly version

THE FOLLOWING ARE THE INITIAL NOVEMBER RECOMMENDATIONS FOR PUT WRITES.

We will be adding more as the week progresses.

We are recommending put writes for the following stocks.


DBRN (The Dress Barn, Inc.)
operates women's apparel specialty store
chains under the names Dress Barn and Dress Barn Woman. The
company offers in-season, career, and casual fashion apparel,
including shoes and accessories to the working women. As of
October 11, 2004, Dress Barn operated 787 stores in 45 states
and the District of Columbia. The company was formed by Roslyn
Jaffe in 1962 and is headquartered in Suffern, New York.


FLSH (M-Systems Flash Disk Pioneers, Ltd.)
engages in the development, manufacture, and marketing of flash-based
data storage solutions for markets, such as mobile phones, personal
digital assistants,set-top boxes, embedded systems, military/rugged applications,
personal computers (PCs), and laptops. It primarily offers DiskOnKey
product in the universal serial bus (USB) flash drive market and the
Mobile DiskOnChip product in the multimedia mobile handset market.

MDTL (Medis Technologies, Ltd.,)
a holding company, engages in the design,
development, and marketing of liquid fuel cell products for portable
electronic devices for the consumer and military markets. Its products
include a disposable Power Pack for the consumer and military market, and
a refuelable military Power Pack. The company's products power and charge
portable electronic devices, such as cell phones, digital cameras, personal
digital assistants, MP3 players, hand-held video games, and other devices,
as well as various military devices.

VPHM (ViroPharma Incorporated,)
a pharmaceutical company, engages in the development
and commercialization of products that address serious diseases treated by
physician specialists and in hospital settings. It markets and sells Vancocin
Pulvules HCl, the oral capsule formulation, in the United States and its territories.
Oral Vancocin is a potent antibiotic to treat antibiotic-associated pseudomembranous
and enterocolitis. The company focuses on product development activities on viral diseases, including those caused by cytomegalovirus (CMV) and hepatitis C virus (HCV) infections.

The following are the specific put writes for the recommended list for November

SELL DBRN NOV SYM: DTQ-WX
Target Price $25.00 22.5 Put
Potential Profit( 5 x = $125.00
Initial Margin $2,575 5 (contracts)
Return on Investment 4.85%
Cost Basis in Stock = $22.25
Days to Expiration = 35


SELL FLSH NOV SYM: FFU-WE
Target Price $50.00 25 Put
Potential Profit( 5 x = $250.00
Initial Margin $3,207 5 (contracts)
Return on Investment 7.80%
Cost Basis in Stock = $24.50
Days to Expiration = 35

SELL MDTL NOV SYM: MRU-WC
Target Price $45.00 15 Put
Potential Profit( 5 x = $225.00
Initial Margin $1,972 5 (contracts)
Return on Investment 11.41%
Cost Basis in Stock = $14.55
Days to Expiration = 35

SELL VPHM NOV SYM: DUZ-WC
Target Price $65.00 15 Put
Potential Profit( 5 x = $325.00
Initial Margin $2,239 5 (contracts)
Return on Investment 14.52%
Cost Basis in Stock = $14.35
Days to Expiration = 35


We will be keeping you updated if any changes are needed to any of the positions.

We will be adding additional recommendations to our recommended list during the upcoming week. We also will be issuing a "Supplemental list of additional put spreads",
however we will not be following them as with our recommended list.

Option Writers Newsletter Archives