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Archive for October 14th, 2011

Deep OTM NP Strategy – OCT Week 1

Posted by mounddweller on October 14, 2011

Fellow Traders,

Below is our final list of NP trades from our Deep OTM NP Strategy for the OCT expiration.  As you can see the run-up in the market coupled with it being the final week before expiration has greatly reduced the number of selections.  None of the 6 jump out at me as being a great trade.  If I were forced to pick one, I would go with CAKE.  The Cheesecake Factory is a well managed restaurant chain with a solid balance sheet and it is reasonably priced.

I’ll be back next weekend to wrap up and summarize our OCT results.  Until then be careful out there.  The big run-up this week could lead to a pullback next week.



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