Wednesday, July 6, 2011

Two Strategies for Trading HP Stock.

CCI has been in the process of legging into a trading position in HP for awhile.

Today an article appeared on Seeking Alpha with a good analysis of HP.
HP Value Play at SA by Tom Armistead
 


CCI has quoted Tom's articles in the past, and found solace that he and I had totally independently come to a similar view.  Given that view, Tom suggested a trading strategy around a deep itm leap option, and covered calls.  CCI has been legging into a more conservative,  income oriented, shorter term trade around the stock. I documented it on a comment on the article above.    So a reader who agrees with the analysis of the stock has two trading strategies to consider.

CCI will track the results of my trade here on this blog.

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