The Experts at Option Tactics Recommend Options for the Following Stock: MYL; and Highlight Options for Cisco and Duke Energy.Business Editors CHICAGO--(BUSINESS WIRE)--July 28, 2003 Even if the market does have a period of sideways or negative momentum, options can help you to use the activity to your advantage. Get a debit spread Debit spread Applies to derivative products. Difference in the value of two options, when the value of the option bought exceeds the value of the one sold. One buys a "debit spread." Antithesis of a credit spread. recommendation from Jeff Carter Jeff Carter (born January 1, 1985 in London, Ontario) is a Canadian professional ice hockey center currently playing for the Philadelphia Flyers of the NHL. Playing career Jeff Carter began his hockey career with the Sault Ste. and learn how to make the market work for you. Read about options for Mylan Laboratories (NYSE NYSE See: New York Stock Exchange :MYL MYL Mind Your Language MYL Made You Laugh MYL Miss You Lots MYL Meet You Later MYL Miss You Loads ), Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), and Duke Energy (NYSE:DUK DUK Duke Energy Corporation (stock symbol) DUK Dead Upon Keyboard ). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/ Here are the highlights from the Featured Expert column: Taken from the July 21, 2003 edition Wall Street experienced a somewhat harsh selloff sell·off n. The sale or disposal of a relatively large number of stocks, bonds, or commodities that often causes a sharp decline in prices. Noun 1. this past week, especially in the high-flying NASDAQ technology stocks. Big selloffs came in selected issues and quickly brought back memories of the bear market. Although it felt like the market was collapsing, the NASDAQ was only down a few points on a percentage basis. On a short-term basis, Jeff Carter and team think this is a good entry point. This is a great entry point for traders who are willing to close a position if the market moves against them. Debit Spread to Buy - Buy Mylan Laboratories (NYSE:MYL) Jan 32.5 Call and sell MYL Jan 35 Call for a debit of $1.3 or less. The maximum profit potential from this position is 92%. Maximum profits will be realized if MYL is above 35 at expiration in January 2004. This represents more than 10 to 1 leverage as the stock must gain just 8% to produce option profits of 92%. Profits Taken on Current Positions Cisco Systems (NASDAQ:CSCO) was sold Friday (July 19) when the CSCO Jul 15 Covered Call Covered Call Having a long position in an asset combined with a short position in a call option on the same underlying asset. Notes: This is considered to be one of the safest option positions. expired in the money. The total return from this position including all covered call income was 34%. Duke Energy (NYSE: DUK) was sold Friday (July 19) when the DUK Jul 15 Covered Call expired in the money. The total return from this position including all covered call and dividend income was 21%. Stay in touch with options through Jeff Carter and team's weekly commentary and options recommendations, and make sure to learn about more actions that were taken on their positions by clicking: http://featuredexpert3bw.zacks.com/ About Zacks Featured Experts To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. Recommendations from Featured Experts Highlighted in FREE Investment Newsletter The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail newsletter. Get your free subscription to "Profit from the Pros" at: http://www.freeprofit1bw.zacks.com About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1981 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://www.freeprofitbw.zacks.com Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. |
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