We usually start the next month's plays a week later, however I thought it might be a good idea to at least give out a couple of November plays to get the November series off the ground, as there are basically nil number of playable October spreads, with justifiable premiums left out there for the next 2 weeks and we have our current October positions looking to wind down.
So we are going to start out our November play list with a couple of recommended plays a little earlier than normal, starting with this weekend.
We are recommending the following credit spreads to begin our November
We are recommending credit spreads in the following issues.
RIMM RESEARCH IN MOTION is a world leader in the mobile communications market and has a history of developing breakthrough wireless solutions. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry wireless platform, the RIM Wireless Handheld product line, software development tools, radio-modems and software/hardware licensing agreements.
CMTL - Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.
Option Statistics (CMTL)
CHA - China Telecom Corporation is a state-owned telecommunications company in China. They operate local telephone networks in ten provinces in China. They operate domestic and international fixed-line networks and infrastructure including wireless local loop, as well as telecom network-based voice, data, video, multimedia and information services. They are also engaged in international telecom service settlement and expand into overseas markets.
We are recommending the following specific credit spreads.
Call Credit Spreads - Bearish call spreads.
We are looking at 46 days until the November expiration, which is a little longer time frame than usual. In addition, we will begin following these positions when filled. However, we will not be reporting a watch list for November until the October positions are off the board.
As always, if a November position needs to be acted upon we will email you as to instructions as to the appropriate action that needs to be taken, if any, on any of these or future November positions.