Option strategies have been the focus of recent postings. And for that I thank those that have kept the thread going.
I hope that other thread viewers are looking for stock selection in conjunction with option strategy.
For myself Its covered calls and some plain vanilla option purchases.
My viewpoint would be that the market is oversold, and that stocks will rally on earnings that have been low balled by most companies.
The two sectors I'm concentrating on are technology and financials. Call options sold should be at least one strike out of the money. Options purchased should be slightly in the money in order to reclaim some cash if things go poorly after earnings are announced.
Name brand companies (Like the DOW 30) are the best choices for my portfolio.
My favorite tech stocks are CSCO, INTC, AKAM, MSFT, STX, ORCL, and AAPL.
My favorite financials are BAC, WFC, UYG, FAS, C, and MS.
Historically October has been difficult month for portfolios to digest without heartburn. But there have been exceptions and I expect this year to be one of them.
Good fortune to all...keep the thread informed of your selections for whatever strategy you choose to employ. |
