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Options: Bull Call and Bear Put Spreads

On April 29, 2008, we demonstrated how to swing trade with bull call spreads and bear put spreads to manage risk and increase returns. We set up a bull call spread using Capital One Financial and a bear put spread using Potash Corp Saskatchewan as a study case.
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WDC – Western Digital Corp.

Western Digital has been on the minds of many investors since its major competitor, Seagate Technology (STX), got upgraded by Stifel Nicolaus and BMO Capital.
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$XOI – Amex Oil Index

Amex Oil Index ($XOI.X) is a price-weighted index designed to measure the performance of the oil industry through changes in the prices of a cross section of widely-held corporations involved in the exploration, production, and development of petroleum. $XOI.X has ranked LOW on the Indexes worksheet from the Trading Ideas and Workbook for many months now.
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WMS – WMS Industries Inc.

WMS Industries Inc. (NYSE:WMS) is a high-momentum favorite currently featured on The IBD® 100 List.
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GS – Goldman Sachs Group, Inc.

A scan for the popular “50/200 cross” trade setup performed after Thursday’s close found an upcross for Goldman Sachs Group, Inc. (NYSE:GS).
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Cramer: CLF – Cliffs Natural Resources Inc.

Jim Cramer -- a fundamentalist at heart -- has a segment on Mad Money called “Off The Charts” where he uses technical analysis to give his viewers stock ideas with both good fundamentals and good-looking charts. Cliffs Natural Resources Inc (NYSE:CLF) was the chart to watch on Tuesday’s show.
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FXY – CurrencyShares Japanese Yen Trust

A scan for the popular “50/200 cross” trade setup performed after Tuesday’s close found an downcross for CurrencyShares Japanese Yen Trust (NYSE:FXY).
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HD – The Home Depot, Inc.

A scan for the popular “50/200 cross” trade setup performed after Tuesday’s close found an upcross for The Home Depot, Inc. (NYSE:HD).
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