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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (3172)10/13/2008 11:09:02 AM
From: Jerome  Read Replies (2) | Respond to of 5891
 
Gottfried....good article.

If we are in a modest uptrend then financials are the place to be. For safety the ETF's UYG and XLF offer great premium and single dollar strikes.

Companies like AA that have already reported earnings, and outlook, and has been badly trashed is also worth a look.

GM is OK at current prices (6.54) and the 6 strike for NOV is at 1.90
So far today 11,031 contracts have traded today. The seven strike for NOV GMKJ is at 1.38/1.50