Zacks' Voice of the People highlights opportunities with Cree, Nexen and


For Immediate Release

Chicago, IL – 08/11/2011 – Zacks highlights commentary from People and Picks Trader “DiviMO.

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Continuing to Stay the Course

I continue to hold the index puts (:SPY) purchased a few weeks ago. Although it shows a substantial paper profit, the first prority was to purchase those and hold them as insurance protection against my holdings. The strategy so far has been successful regardless of what the site trolls may led you to believe. In fact the action to buy SPY puts is probably my best move in the last three  years.

This has allowed me to continue to follow the 'plan' and keep our holdings active. The security holdings consist of dividend paying equities. Another dividend payment will be received on Aug 12th followed by another on Aug 15th.  

I continue to supplement the dividend payments by receiving premiums on covered calls and selling (writing) puts. Recently I have rolled out a number of the Aug 20 puts to later months and received a credit premium by doing so.

Hedge the hedge...

That all said, with a big paper profit in my SPY puts, and today's market again way down, down 400 at time of writing, it's time to actually buy SPY calls. The market is definitely oversold. The SPY calls I am buying will be for short-term profit, however. I'm keeping (holding) the SPY puts as insurance against my holding and using the SPY calls for short term profit.

The most recent picks by «DiviMO» are:
A sell rating on Cree, Inc. (NasdaqGS:CREE - News),
a sell rating on Nexen (NYSE:NXY - News) and
a buy rating on (NasdaqGS:BIDU - News).

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Contact: Brent Billock
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Phone: 312-265-9307

Zacks Investment Research

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