The Money Tree

Safely Generating Income in Retirement

Weekly NP Strategy – FEB 3 Expiration

Posted by mounddweller on January 26, 2012

Fellow Traders,

After a two-week hiatus I’m back with another round of weekly options.  Quite honestly I had lost some motivation to publish the list because it seemed to be producing the same results each week for several weeks in succession.

This week, however, the list has produced some names we have not seen previously or at least not in a while.  You can see this list here: http://finance.groups.yahoo.com/group/weeklyoptions/files/.

The list this week contains 73 possible trades.  Of these one stood “head and shoulders” in my mind above the rest.  That is ANF at the $44 strike price.  It is priced at $0.44 bid.  That gives you a 1% ROIC with 8 days to expiration.  ANF is a solid company.  However, investor sentiment has turned against it.  It is trading very near 52-wk lows.  The company has yet to announce its quarterly earnings.  This may be driving the high premium.  However, ANF isn’t scheduled to release its earnings until February 13 which is well after our expiration on February 3.

Check it out!

Regards,

Troy

 

 

 

 

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