July 01, 2010
– Comments (2) |
RELATED TICKERS: XOM
Brief thoughts on two sectors and three sectors that look promising. I welcome all constructive/ informed feedback; don't bother with aggressive posts.
Not such a huge fan of XOM or BP, but TOT looks very good right now in terms of valuation.
The TOT August 45 puts are bid at 2.10 right now which is crazy. That's a good amount of premium for expiration only 7 weeks away. If I were looking to own TOT at this level I'd probably write cash covered puts and be happy to own them under 45 with the 4.7% premium kicker.
*Two sectors and three stocks, that is.