Monday, December 12, 2011

Options to watch this week

 
 
We are leveraging and keeping a watchful eye on these banks: These Banks are trading alot higher on pump by the FED we could see a drop on these financial stocks with any bad information from Europe , shorts and Puts could fair well 

Deutsche Bank (DB) 39.56 this stock has been fluctuating from 37-$40 range we believe that DB could see a drop with any bad news in Europe. 

Morgan Stanley (MS) 16.40 holder of European sovereign debt

Barclays (BCS) 11.99 another holder of European debt that has rallied from $9 a share recently traded over $12

Jeffries Grp (JEF) 12.61 another stock with ties to MF Global and European sovereign debt

STOCKS at or near 52 week high that could see a drop:

McDonalds Corp. (MCD) 98.29 the stock has rallied on revenue news and has surged and is now near 52 week high , resistance here could bring the stock back to 95 range we could profit here at this price range. In the stock market what goes up must come down , at least a bit and we see this retracing soon especially on a down market take a look at the chart:

International Business Mach (IBM) 194.65 This stock has been testing its 52 week high at 194.80 twice if it does break could see $200 but at these levels we could place PUTS at $185-$190 strike , with a stronger uptrend we think that a pull back here is in order


No comments:

Post a Comment