For this reason, even though the market is choppy and looking at a fall, I am going to recommend two index funds that encapsulate the energy market. The first is ELE. This fund corresponds generally to the price and yield performance of publicly traded equity securities of companies in the Energy Select Sector Index.
We are going to go ahead and go out to Janurary on this one and go with the 77s. We are going to get in between the bid and the ask at 2.54.
XLE Jan 2015 77.000 call (XLE150123C00077000)
-OPR
2.00 0.00(0.00%) 12:33PM EST
Prev Close: | 2.10 |
---|---|
Open: | 2.00 |
Bid: | 2.37 |
Ask: | 2.62 |
Strike: | 77.00 |
Expire Date: | 23-Jan-15 |
The next energy ETF we are going to get in is the Ishare Dow Jones US Energy Sector Index Fund.
ticker symbol IYE. This fund tracks the investment results of an index composed of US equities in the energy sector.
IYE Jan 2015 44.000 call (IYE150117C00044000)
-OPR Watchlist
1.00 0.00(0.00%) 12:32PM EST
Prev Close: | 0.70 |
---|---|
Open: | 0.55 |
Bid: | 0.85 |
Ask: | 1.05 |
Strike: | 44.00 |
Expire Date: | 17-Jan-15 |
We are going with Jan 44 calls on this one, we are in at .95.
That is the gold nugget for today, come back for tommorrows pick,
Mark
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