Strategic Options Update: Rising market lifts our safe options plays
Today's Financial News - Posted March 12, 2009
The rising stock market has lifted stock prices, in some cases by double-digit margins. But our options help to leverage this upward movement by multiples!
by J. Christoph Amberger
Baltimore—TFN: What a week it has turned out to be! The banking sector is soaring on rumors of potential profits and news that mark-to-market regulations might be loosened. The action is exactly what our TFN options guru Andrew Snyder anticipated earlier this week: And according to plan, his latest option pick is ready to pay off.
So far today, the options he recommended on Tuesday are up by 20%.
But even more exciting are the gains we’re sitting on thanks to one very powerful company and its soaring share price: The stock is up over 40%. But thanks to the power of options, our position has soared by 300%. With the news careening out of the biotech industry over the past several days, I can’t wait to see what kind of gains we’ll be looking at this time next week. It is going to be fun!
Again, this is a straight-forward options play that anyone with Level 2 privileges can execute. And there’s plenty of upside left in this play. If you feel ready to join our TFN Strategic Traders on this play, please follow this link…!)
Next Article: Currencies: Race to the bottom
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