Dow Inc and Delta Airlines lead the Bull Strangle watch list for next week

The Bull Strangle Newsletter, released weekly, shares a trading strategy that has achieved a documented 76%-win rate and outperformed the S&P 500 by 240% since inception. The strategy combines buying stock and simultaneously selling out-of-the-money covered calls and cash-secured puts to generate option premiums and manage risk.

Watch List Favorites
This week the Newsletter contains 21 stocks and ETFs across 8 sectors.  2 of the stocks on the Watch List are detailed below:

• Dow Inc., through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. 

Dow Inc. posted earnings on Thursday that was viewed favorably by the street.  DOW broke above 2 moving averages and the downward trendline.

• Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery.  

Delta Airlines announced positive earnings in early October and has moved up slightly since.  DAL is currently sitting just above the 20- and 50-day SMA and has additional support from the upward trendline.

Past Performance

Each week the Newsletter contains around 20 stocks / ETF's on the Watch List to be opened the following Monday for expiration 4 Fridays later.  Since the expiration cycle on May 23, the average stock gain on the Watch List has outperformed the S&P 500 21 of 23 weeks.  The average Watch List to S&P 500 ratio currently sits at 2.55 : 1 in favor of the Watch List.

More Information

For a short video explaining the Bull Strangle strategy.

To subscribe to the Bull Strangle Newsletter

Contact

Darren Carlat

Managing Director

Darren@SpreadEdgeCapital.com

(214) 636-3133

Disclaimer

This information is for informational purposes only and should not be considered as investment advice. Past performance is not indicative of future results, and all investments carry inherent risk. Consult with a financial advisor before making any investment decisions.