Option Writers Newsletter, Tuesday, 01/29/2008 07:13:59 PM ET
SUPPLEMENTAL OPTION WRITER PUT PLAYS FOR 1-29-08
by Steve Gail
HAVING TROUBLE PRINTING?
SUPPLEMENTAL TRADE IDEAS FOR FEBRUARY EXPIRATION Dated: 1-29-08
The Fed Meeting will decide how much interests rates will come down tomorrow.
I believe that some of the recent run up in stock prices in the last 3 days has been due to anticipation of the Feds lowering these rates. However, I do believe that perhaps at least $0.25 and maybe $0.50 are already priced into the current prices and therefore I am a little concerned about making any real aggressive put writes at this time, in case the Feds disappoint the markets with only a < point cut or something unexpected. However, for those of you who want some put writes to ponder on tonight, below you will find several that would be great plays in a more stable market environment. The issues below are additional candidates to supplement your search for profitable option trades. As with any investment, you must decide if the selections meet your criteria for potential plays. Only you can know what strategies and positions are suitable for your experience level, risk-reward tolerance and individual outlook. There will be no commentary or analysis offered on these positions, nor will they be included in the Option writer Portfolio.
PLEASE BE SURE TO CHECK
TO BE CERTAIN IF ANY OF THESE PLAYS MIGHT HAVE EARNINGS TO REPORT.
WE TRY TO SCREEN THEM, BUT DOUBLE CHECK ANYONE OF THE SUPPLEMENTAL
PLAYS YOU MIGHT WANT TO YOU USE.