Option Investor
Newsletter

Initial Option Writer JULY 2007 Recommendations 6-10-07

HAVING TROUBLE PRINTING?
Printer friendly version


We are starting off the JULY expiration with the following recommendations


We are recommending put writes in the following issues:


TASR - Taser International, Inc. develops, assembles and markets less-lethal, conducted energy weapons primarily for use in the law enforcement and corrections market. Its advanced Taser weapon offers improved performance over other less-lethal force options used by law enforcement agencies. It

CREE - Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency.

SWIR - Sierra Wireless, Inc. is a leading provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA's, OEM modules for embedded applications and rugged vehicle-mounted wireless systems.

IIG - Imergent, Inc. is an eCommerce application service provider that enables companies of any size to extend their business to eCommerce.


We are recommending the following specific put writes:


TASR 10.9
SELL JULY 10 PUT = QUR-SB
Target Price $25.00
Potential Profit(10 x = $250.00

Initial Margin $2,430 10 (contracts)
Return on Investment 10.29%
Cost Basis in Stock = $9.75
Days to Expiration = 22
Stock goes on Watch List Price at: $10.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $10.00


CREE $24.79
SELL JULY 22.50 PUT = CQR-SX
Target Price $60.00
Potential Profit(10 x = $600.00
Initial Margin $5,608 10 (contracts)
Return on Investment 11.59%
Cost Basis in Stock = $21.90
Days to Expiration = 22
Stock goes on Watch List Price at: $23.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

SWIR $24.35
SELL JULY 22.50 PUT =
IYQ-SX
Target Price $70.00
Potential Profit(10 x = $700.00
Initial Margin $5,570 10 (contracts)
Return on Investment 12.57%
Cost Basis in Stock = $21.80
Days to Expiration = 22
Stock goes on Watch List Price at: $23.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50


IIG $24.10
SELL JULY 20 PUT = IIG-SD
Target Price $80.00
Potential Profit(10 x = $800.00
Initial Margin $5,620 10 (contracts)
Return on Investment 14.23%
Cost Basis in Stock = $19.20
Days to Expiration = 22
Stock goes on Watch List Price at: $22.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00


Option Writers Newsletter Archives