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Strategies & Market Trends : Calls and Puts for Income

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To: dealmakr who wrote (990)7/22/2007 11:26:29 AM
From: Jerome  Read Replies (1) of 5891
 
>>> I specialize in bank stocks<<<

Which bank stocks do you currently like? It has been my observation that bank stocks offer safety but little option premium.

Recently I have bought WFC (Wells Fargo) under 35 and sold it over 35. Its not a great call write, but one would not have to worry about the stock crashing to 20.

Two strategies with WFC.

1) Buy it under 35 and sell above 35

2)Buy it under 35 and write a cc when its above 35.
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