I don't want to over concentrate anymore trades for July, so I thought I'd share my 1st potential trade for Aug. My order is in, and I'm just waiting for another test of $35 for CE. Selling a $30 naked put on CE for Aug for a credit of $0.70 Annualized % return 15%. The % return may be a little on the low side, but it's a high probability trade on a quality company. I may re-evaluate and change it to a put spread, but for now I'm going naked, as I really like the companies strong fundamentals, and excellent tech support in the $35 area, and support again at my $30 strike. I would not mind owning this company at a break even price of $29.30.... if a bad market takes it down. That excellent value price should be recoverable for such a fundamentally strong company. Below is the 2 year chart for CE. http://finance.yahoo.com/q/bc?s=CE&t=2y&l=on&z=l&q=b&c=
Sold naked puts on CE for August. Credit $0.75 Annualized % return... 16% Company has very good fundamentals, and i like the tech support at $30 Break even price $29.25
Buy GLD Jun 2012 152.00 put @ $0.71, expires end of week. This is a golden opportunity for this trade - you snooze you lose. http://finance.yahoo.com/q?s=GLD120629P00152000
Sold $10 naked put on MRVL for Aug. Credit $0.25 Annualized % return 21%. Quality company. Good fundamentals. But volatile sector. Tech support per the 5 year chart. Earnings released ahead of expiration, so the last week or two may be volatile.
Sold puts on $32 LRCX for August. Credit $0.60 Company has good fundamentals and is financially healthy, with excellent ability to service it's debt load. My only concern is a higher % of shares being shorted, than I'm comfortable with. I assume it's over potential inventory issues. I like the companies tech support in the $35 area, per the 2 year chart. Annualized % return on this 6 week trade.... 16% http://finance.yahoo.com/q/bc?s=LRCX&t=2y&l=on&z=l&q=b&c=