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Strategies & Market Trends : Calls and Puts for Income

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From: Jerome	11/8/2013 11:02:12 AM
	of 5891

Choices for Dec Covered Calls Lots of good stuff available....here is my selection SUNE (SunEdison...solar) 11.90 Dec 13's .60/.63 FCX (Freeport McMoran) 36.17 Dec. 37's .79/.80 GTAT 9.26 Dec 10's are worth .50/.60 Justification : FCX is a basic materials play (Copper, Gold, Molybdenum, silver, oil, and gas) This is a very stockholder friendy company. It pays a quarterly dividend of .31 and a special annual dividend of 1.31 per share...most years. If the economy keeps improving FCX will do very well. SUNE and FSLR are two top solar picks. GTAT is headed upwards in spite of the large short interest because the deal with Apple will at least triple revenues in two to three years. Consider that Apple gave GTAT $560 million up front to build a saphire plant in Arizona. The shorts get killed on this one. The gold stocks ABX and IAG are also good cc writes. I do not expect gold to go anywhere...so this may be the best write for now. A monthly income stream from a stock that goes nowhere. I would like to hear of other choices.

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