If the reader missed the fantastic week-long symposium from IFTA (Int'l Federation of Technical Analysts) last week as I did, having been out of town, there are still ongoing opportunities to learn from the experts in the Bay Area:
The SFBAOG (S.F. Bay Area Options Group) which usually meets at Fort Mason on the Saturday morning after the third week (option expiry week) , will instead meet on Saturday, October 26 due to room scheduling difficulties. As it happens, I shall be one of the speakers discussing my oft-mentioned DITM covered call strategy and its four + year history. Time and agenda will be more fully stated next week.
A second topic I am currently employing is similar to DITM (covered calls) but involves LEAPs - Longterm Equity AnticiPation Call options and Put options. Still in its first year of trial, it hopes to produce even more safety, much more return (20 to 50%), and with less monitoring. In a nutshell, the high return and degree of safety rely on a Triple of buying a stock in the $5 to $15 range, on which one can sell a LEAP - January 2015- Call option, simultaneously selling a Cash-covered Put option - both out-of -the money-, possibly with a dividend for 5 to 6 quarters. For a "Home Run" instead of a Triple, if the stock exceeds the Call price in January '15, the appreciation is added to the total credits, often half of the initial buy price of the stock. As with my "Visible Hand" in my Zero book, if the stock ends slightly up, sideways or slightly down, the full profit is realized - plus, keeping ownership of the stock, one can repeat the LEAPs into 2017, with tranches higher or lower. The reader can see more at a previous column Leap Ahead For Safety and Return.
Coming in early November is another Technical Analysis Seminar at Golden Gate University, featuring Behavioral Finance - a rapidly growing tenet of T/A.
"Brains, Biases and Bull Markets" - A Behavioral Symposium
When: Saturday, November 9, 2013; 8:00am-4:30pm PDT
Where: Golden Gate University
536 Mission Street
San Francisco, CA 94108
Join us for San Francisco’s Premier Public Symposium on Behavioral FinanceDetails and Registration link: