In an article, “Cure for Montezuma’s Revenge – Covered Calls”, we delved into investing in covered calls stock options for Mexican companies. The average return for the covered calls selections was 4.5%. Every covered calls position selected for April 2007 for the Mexican companies was fully profitable.
Mexico has some serious issues on the table to resolve. For example, its oil industry is nationalized and the citizens of Mexico pay significantly more for gasoline than the people living in the state of Texas located just north of the Mexican/U.S. border. Jesus Reyes Heroles, the CEO of the Mexico’s state oil company Pemex, recently stated as it currently stands, Pemex will run out of oil in about nine years, unless new investment is poured into finding new oil reserves.
|Signup now for PowerOptions free 14-day trial|
|Signup now for PowerOptionsApplied 30-day risk free trial|
|PowerOptions covered call search|
|HXM||60.31 (-0.77)||HXMEL||07 MAY 60.0 (23)||2.15||3.6||3.2||3.2|
The two HMX positions for April experienced an average return of 4.7%, but for May stock options expiration, the HXM covered calls position found has a potential return of 3.2% with downside protection of 3.6%.
Competitors for HXM include: Empresas ICA S.A. de C.V (ICA), Consorcio ARA, S.A. de C.V. (private), and CorporaciÃ³n GEO, S.A. de C.V. (private).
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.
PowerOptions‘ sister company PowerOptionsApplied provides expert stock option trading recommendations. PowerOptionsApplied specializes in covered calls, naked puts and iron condor stock options strategy recommendations. PowerOptionsApplied provides a 30-day risk free trial of its service.
[tags] Mexico, Jesus Reyes Heroles, Pemex, Consorcio ARA, S.A. de C.V., CorporaciÃ³n GEO, S.A. de C.V., covered call investment strategy, investment strategy, iron condor, poweroptions, stock option trading, stock options [/tags]