Option Investor
Newsletter

Let's get brave and add some new AUGUST 2007 Option Writer recommendations 7-31-07

HAVING TROUBLE PRINTING?
Printer friendly version

We are adding the following put writes to our AUGUST recommended list.

We are recommending put writes in the following issues:


ACGY - Acergy S.A. is a seabed-to-surface engineering and construction contractor for the offshore oil and gas industry worldwide. They plan, design and deliver complex, integrated projects in harsh and challenging environments

MTXX - Matrixx Initiatives, Inc. is an innovative nutrient and drug delivery technology company engaged in the development, manufacture and marketing of delivery systems for bioactive compounds. Gel Tech, LLC, its wholly-owned subsidiary, produces, markets and sells Zicam Cold Remedy nasal gel, a patented, homeopathic remedy that significantly reduces the duration and severity of the common cold, and Zicam Allergy Relief nasal gel, a homeopathic remedy designed to provide relief to allergy sufferers

SA - Seabridge Gold, Inc., through its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. It has 100% interests in Courageous Lake project in Northwest Territories, Kerr-Sulphurets project and Red Mountain project in British Columbia, Grassy Mountain project and Quartz Mountain project in Oregon, Hog Ranch project and Castle/Black Rock property in Nevada, and Noche Buena property located in Mexico. Seabridge Gold was founded in 1979. The company was formerly known as Chopper Mines, Ltd. and changed its name to Dragoon Resources, Ltd. in 1984.


We are recommending the following specific put writes

ACGY 26.58
SELL AUG 25 PUT = QLS-TE
Target Price $25.00
Potential Profit(10 x = $250.00

Initial Margin $5,566 10 (contracts)
Return on Investment 4.49%
Cost Basis in Stock = $24.75
Days to Expiration = 218
Stock goes on Watch List Price at: $26.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00

MTXX $21.49
SELL AUG 20.00 PUT = IHU-TD
Target Price $20.00
Potential Profit(10 x = $200.00

Initial Margin $4,498 10 (contracts)
Return on Investment 4.45%
Cost Basis in Stock = $19.80
Days to Expiration = 18
Stock goes on Watch List Price at: $21.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00

SA $29.21
SELL AUG 25.00 PUT = SA-TE
Target Price $30.00
Potential Profit(10 x = $300.00
Initial Margin $6,142 10 (contracts)
Return on Investment 4.88%
Cost Basis in Stock = $24.70
Days to Expiration = 28
Stock goes on Watch List Price at: $28.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00

Option Writers Newsletter Archives