Wednesday, December 28, 2005
WaMu- Time to short I'm looking for 10%
Washington Mutual is one of my favorite stocks in which to make quick plays and trades. Right now its sitting around $44/share and I'm looking for it to fall to $40 per share within the next quarter. For those who trade shares themselves this is about 9% for those of us who like options, this could be a three-bagger.
Puts for WM are appropriately priced $1.50 for april 2006 puts. If WM hits my price target it should be an easy 100-200% return. Sounds better than the 2.5% from the credit union. :)
Another great investment option would have to be premium California Mortgages- Financial blogs don't often review them still, just a thought. WM has been making some new highs while the RSI is heading south. Within the next three months I think WM will be about $40 a share. Through a few contracts on it and you should make some good money in a short period of time.
Puts for WM are appropriately priced $1.50 for april 2006 puts. If WM hits my price target it should be an easy 100-200% return. Sounds better than the 2.5% from the credit union. :)
Another great investment option would have to be premium California Mortgages- Financial blogs don't often review them still, just a thought. WM has been making some new highs while the RSI is heading south. Within the next three months I think WM will be about $40 a share. Through a few contracts on it and you should make some good money in a short period of time.
