Today, June 25th, 2010, marked another new stock options investing product for investors.
Weekly options, also called short-term options or short dated options, have been available for some time on broad based market indexes: S&P 500 ($SPX), Nasdaq 100 ($NDX) and Russell 2000 ($RUT) for example. Earlier this month weekly options were released for certain ETFs: SPY, QQQQ, DIA and IWM. Today weekly options were released on four popular stocks:
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AAPL – Apple Computer, Inc.
BAC – Bank of America Corp.
BP – British Petroleum Co.
C – Citigroup, Inc.
Weekly options carry the same rights and obligations as standard calls and puts. The only difference is that the expiration time frame is shorter. Weekly options are typically released on Friday (in this case Friday, June 25th) and will expire the following Friday (July 2nd). Weekly options can be used in various strategies just like standard options: Covered Calls, Collars, Married Puts, Vertical Spreads, Condors and Butterfly positions. The premiums will be slightly lower compared to the standard expiration options naturally due to the lower time value.
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The patented SmartSearchXL tool on PowerOptions can be used to identify potential positions using weekly options in over 23 different strategies. With a few simple clicks you can adjust the filters for expiration time frame (less than 7 days to identify weekly opportunities) while still filtering for your desired return, net credit or net debit, implied volatility ranges and probabilities.
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Weekly option data is also available on the PowerOptions Option Chain.
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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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.
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[tags] weekly options, $NDX, Nasdaq 100 Index, $RUT, Russell 2000 Index, $SPX, S&P 500 Index [/tags]