The power of options: Beta-trading strategy pays off
Today's Financial News - Posted April 17, 2009
It is a profitable day for one of our beta-trading positions. It is proof that the system works and more profits are on the way.
By Andrew Snyder, TodaysFinancialNews.com
Baltimore – (TFN): Today is a big day for one of our first Beta-trading plays – the strategy that has now successfully morphed into TFN Strategic Trader.
The call option side of our YRC Worldwide (NYSE:YRCW) covered call position will expire later today. The play worked perfectly as the protective options will expire worthless, meaning we can keep the entire premium.
As I write, the play is up by over 85%. I want you to sell half of your position to lock in the gains. I promised you triple digit gains, so continue holding the other half. I am positive the company’s upcoming earnings report will contain the news we need.
This is just one example of the profitable trades we have made at TFN Strategic Trader. Our closed portfolio has shows recent gains of 60% from trading eBay calls and 70% from Dyax calls. Even better, our “open” portfolio has a triple-digit winner as well as one exciting play that is up by over 85% and looking to soar much, much higher.
It turns out, our beta strategy worked flawlessly. Today’s profit-taking opportunity from YRC Worldwide should be all the proof you need.
Next Article: I’ve got a gun and I know how to use it
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