Japan’s GDP grew at a very nice 1.3% in the last quarter of 2006. Japan’s economy was in the doldrums for over a decade and in the last few years has started to perk up. In the early 1970’s the term “Japan Inc” was coined, as it appeared the Japanese were going to dominate the globe with their business and manufacturing acumen. But “Japan Inc” turned into “Japan Red Ink” as Japan experienced a severe real estate bubble and faced increasing competition from Korea and China.
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With the European economies considered as separate entities, Japan has the 2nd largest economy in the world after the United States. With the European economies considered in aggregate, Japan has the third largest economy after the United States and the European Union.
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Listed below are some Japanese companies and indexes, which are optionable.
|Japanese Companies/Indexes with Optionable Stocks|
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|CAJ||53.75 (+0.24)||CAJFK||07 JUN 55.0 (96)||2.65||4.9||5.2||7.6|
|HMC||36.38 (-0.34)||YMDAH||08 JAN 40.0 (313)||2.15||5.9||6.3||16.9|
|IIJI||9.64 (+0.19)||IQDDB||07 APR 10.0 (40)||0.30||3.1||3.2||7.1|
|IIJI||9.64 (+0.19)||IQDJB||07 OCT 10.0 (222)||1.15||11.9||13.5||17.8|
|MTU||11.88 (-0.05)||MTUHV||07 AUG 12.5 (159)||0.55||4.6||4.9||10.3|
|NTT||25.89 (+0.05)||NTTFE||07 JUN 25.0 (96)||1.60||6.2||2.9||2.9|
|DCM||18.04 (unch.)||DCMJD||07 OCT 20.0 (222)||0.40||2.2||2.3||13.4|
|SNE||52.85 (+0.36)||SNEGK||07 JUL 55.0 (131)||2.65||5.0||5.3||9.6|
|SNE||52.85 (+0.36)||SNEGJ||07 JUL 50.0 (131)||5.30||10.0||5.2||5.2|
|TM||132.64 (-0.50)||TMDF||07 APR 130.0 (40)||5.30||4.0||2.1||2.1|
|TM||132.64 (-0.50)||TMDG||07 APR 135.0 (40)||2.75||2.1||2.1||3.9|
|TM||132.64 (-0.50)||TMGF||07 JUL 130.0 (131)||9.70||7.3||5.7||5.7|
|TM||132.64 (-0.50)||TMGG||07 JUL 135.0 (131)||7.10||5.4||5.7||7.5|
Three positions (two for TM and one for IIJI) have options expiration in April of 2007 with potential returns in the 2.1% to 7.1% range with only 40 days until expiration.
Some of the positions are in-the-money with nice downside protection and reasonable returns. For example, the second SNE position with 10% downside protection and 5.2% potential return.
Some of the positions are out-of-the-money with smaller downside protection but with greater upside potential than the in-the-money positions. For example, the MTU position has a very nice %if assigned potential return of 10.3% and downside protection of 4.6%.
The in-the-money/out-of-the-money tradeoff illustrates how powerful the covered calls stock options investment strategy is, as it allows investors to tailor their investments according to their own personal risk/reward profile.
For more information about how to identify and research great option trades, visit the PowerOptions website. There you will find the data you need to make quick, clear, and informed decisions. You can trade knowing you have found the best investment. Also, PowerOptions will allow you, with a few quick clicks, to quickly and accurately compare trades. PowerOptions‘ premium customer support is second to none in the industry. They can be easily contacted when you need them at their toll-free number to answer customer questions. Call them now toll free at 877-992-7971.
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[tags] Japan, GDP, Korea, China, European, United States, Japanese, covered call investment strategy, investment strategy, iron condor, poweroptions, stock option trading, stock options [/tags]