Option Writers Newsletter, Thursday, 02/23/2006 08:32:51 PM ET
ADDITIONAL RECOMMENDATION FOR MARCH RECOMMENDED LIST
by Steve Gail
HAVING TROUBLE PRINTING?
LOOKING to try and fill ISLE again. Some subcribers were able to fill
ISLE so I will see if we can get a fill at these prices and add it to our MARCH
We are looking to add write puts on the following issue.
ISLE - IntraLase Corp.
engages in the design, development, and manufacture of ultra-fast laser, related software, and disposable devices used to create a corneal flap, the first step in LASIK surgery for the correction of vision. The company"s products improve the safety, precision, and visual results of LASIK procedures by providing a computer-controlled laser solution in place of the hand-held mechanical, metal-bladed, microkeratome used to create corneal flaps. IntraLase lasers are also used in surgical approaches to the treatment of diseased corneas.
SELL ILSE MAR SYM: USL-OW
Target Price $25.00 17.5 Put
Potential Profit(10 x = $250.00
Initial Margin $4,146 10 (contracts)
Return on Investment 6.03%
Cost Basis in Stock = $17.25
Days to Expiration = 22
Stock goes on Watch List Price at: $18.25
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than = >$17.50
This would bring our put writes on the MARCH RECOMMENDED LIST to eight(8) positions when we are filled.
WATCH LIST UPDATE as of 2-23-06
NONE - Currently