I thought I would start out the October cycle with a couple of plays for Friday before
the weekend and add several more over the weekend after we see how Friday shakes out.
We are recommending credit spreads in the following issues.
WHR - Whirlpool Corporation engages in the manufacture and marketing of home appliances worldwide. Its principal products include laundry appliances, refrigerators, cooking appliances, dishwashers, mixers, and other small household appliances. The company also produces hermetic compressors for refrigeration systems. It markets and distributes its products under various brand names, which include Whirlpool, Maytag, KitchenAid, Jenn-Air, Roper, Estate, Admiral, Magic Chef, Amana, Inglis, Acros, KIC, Ignis, Bauknecht, Brastemp, Consul, Eslabon de Lujo, Laden, Polar, and Supermatic in North America, Europe, Latin America, and Asia. Whirlpool Corporation sells its products to retailers, dealers, distributors, builders, and other manufacturers. The company was founded in 1906 and is based in Benton Harbor, Michigan.
MLM - Martin Marietta Materials, Inc. engages in the production and sale of aggregates for the construction industry in the United States, Canada, the Bahamas, and the Caribbean Islands. The companyÂ’s Aggregates segment mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, and commercial and residential construction industries, as well as for agriculture, railroad ballast, chemical, and other uses. This segment also involves in asphalt, ready mixed concrete, and road paving operations. Its Specialty Products segment manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications; and dolomitic lime for the steel industry. Martin Marietta Materials was founded in 1993 and is based in Raleigh, North Carolina.
We are recommending the following specific credit spreads.
Call credit spreads = bearish call spreads.
once again, we will be adding more October selections over the weekend.
As always, we will begin the watch list for the October positions as soon as
the September options come off the board next Friday.