EQT Corp and Centene lead the Bull Strangle watch list for this 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 20 stocks and ETFs across 9 sectors.  2 of the stocks on the Watch List are detailed below:

EQT Corp

• EQT Corporation engages in the production, gathering, and transmission of natural gas. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin.

EQT Corp announced a strong earnings beat on October 21 but has since drifted lower.  EQT currently sits just above 2 moving averages.

Centene Corporation

• Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States. 

Centene posted earnings on Wednesday that was viewed favorably by the street.  CNC broke above the downward trendline and should find support from the 50- and 100-day moving averages.

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 24 weeks.  The average Watch List to S&P 500 ratio currently sits at 2.47 : 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.