But come on… when in Rome do as the Romans… let’s play OXPS on its home court with LEAPS.

The most attractive is the January 2010 with a strike price of $27.50 (LCRAY). The “ask” on that today is $2.60 per contract. A good price because OXPS should move past $30 during the next year.

That means the LEAPS should do very nicely.

Also, one thing Lynn has shown me as far as ethics and options trading… as you know, it’s near impossible to buy at the “bid” price, so never trust an options service that quotes its track record on that.

On the OXPS Jan. 2010 LEAPS, there’s a 40 cent spread between the ask ($2.60) and the bid ($2.20). So, you can see how quoting the entry at the bid can make results look much better… even if you broke even and got out at $2.60, the unattainable bid price would give the options service a nearly 15% profit to tout.

This is one of the three sleazy tricks that, when used in combination, allow a number of options services to come up with their nearly 100% winning track records.

Legit options authorities like Rick Pendergraft and Lynn Carpenter would never complain about this because it sounds like sour grapes.

But, I am not an options guru, so nothing prevents me from noting the flea circuses run by a few dog options services.

Sketches of Spain

I don’t want to move to Spain… though the next item will lead two or three of you to email a suggestion that I should… it’s sadly inevitable.

You see, though I love it here in Boston, I sure wish Spain’s King Juan Carlos, Queen Sofia and Prime Minister, José Luis Rodríguez Zapatero, would export some of their grace to the US.

The moment he was informed on Wednesday that a commercial airliner had crashed in Madrid, Prime Minister Zapatero broke off his vacation in southern Spain and headed straight for the crash site to urge on rescue workers.

Later Wednesday, well after dark, King Juan Carlos, Queen Sofia spent a number of hours at a huge makeshift morgue, set up at Madrid’s convention center. The King and Queen went there to comfort the families of crash victims.

The King, Queen and Prime Minister clearly feel a deep connection to Spain’s people.

Beyond the obvious, the other sad aspect of this crash for Juan Carlos and Sophia is that it must remind them of the tragedy five years ago when 62 Spanish soldiers died in a plane crash while they were on the way home from a tour of Afghanistan where they had fought alongside US troops.

Have great weekend.

Andy

Editor’s Note: the practice of autotrading is a relationship between the client and the broker. The publisher is not involved in the relationship at all and Investor’s Daily Edge doesn’t promote the practice nor do we promote any particular brokerage firm.

P.S. To let me know what you thought of today’s article, send an e-mail to: feedback@investorsdailyedge.com.

Source: Go Long For Safer Options

Pages: 1 2

Pages: 1 2