Concerned About Snowflake Stock Choppiness? Try A 'Poor Person's Covered Call'

[The Option Specialist]( 10/05/2021 | [View in browser]( --------------------------------------------------------------- [Concerned About Snowflake Stock Choppiness? Try A 'Poor Person's Covered Call']( Tech company Snowflake (NYSE:SNOW), went public in September 2020 at an opening price of $230.76. Shares of the Montana-based cloud computing-based data warehousing company closed at $293.80 on Sept. 29, which means that in the last year the stock gained about 25%. The 52-week range for SNOW stock has been between $184.71 (May 2021) - $429.00 (August 2020). The company's market capitalization stands at $88.1 billion. Among 29 analysts polled via Investing.com, SNOW shares have an "outperform" rating, with an average 12-month price target of $324.88. Such a move would imply an increase of about 10% from the current level. The target range is between $250 and $515. So, today we introduce a diagonal debit spread on SNOW by using LEAPS options, where both the profit potential and risk are limited. Such a strategy could be used to replicate a covered call position at a considerably lower cost, and also help decrease the portfolio volatility. Investors who are new to options might want to revisit our previous articles on LEAPS options first (for example, here and here) before reading further. [More...]( SPONSORED CONTENT [[Exposed] What Pro Option Traders Don't Want You To Know...]( The pros want you to believe that options trading has to be risky. But a careful and caution engineer figured out a way nearly anyone can trade options SAFELY. Free guide reveals the step by step system: [Click here to get this FREE guide before it's too late.]( [Reflections: The Market Persists - by David Sager]( The Stock Market got off to a weak start Friday, as China Evergrande Group missed a key interest payment. Evengrande let a Thursday deadline pass to pay a $83.5 million coupon payment on its U.S. dollar bonds without notifying bondholders. Despite missing the payment deadline, the company has a 30-day grace period before bondholders can 'signal' a default. The Wall Street Journal reported Thursday that China is asking local governments to prepare for the potential failure of the property developer. Meanwhile the indices were rather steady. The Dow Jones Industrial Average and the S&P 500 edged up Friday, clenching a weekly gain, despite the giant China Evergrande debacle. Friday's session was a quiet end to an eventful week. Markets had been whipsawed in recent weeks by fears of the possible collapse of Evergrande. "It is one of the largest companies in the second-largest economy in the world and if something pulls down China growth it is going to pull down global growth," said Seema Shah, chief strategist at Principal Growth Investors. Such fears sparked a wave of selling at the start of the week but the market recovered as investors seized the opportunity to buy on the dip. [Read more...]( [Level 2 Quotes Introduction]( The U.S. stock market has three different tiers of stock quotes, there are Level 1, Level 2, and Level 3 price depth that can be viewed. Each level allows a trader to see quotes for their stock drilled down to a deeper degree in the queue. [Article continues...]( [11 Home Renovations With the Worst Payoff]( Remodeling Magazine's 2021 Cost vs. Value Report takes a look at national average costs for 22 home remodeling projects. It compares project costs with project resale values in 150 U.S. markets, down to the ZIP code. Some of these renovations are "upscale" jobs, others are "midrange" in cost. Regional results may vary, but nationally, none of these projects can be expected to add enough value to a home to recover their cost. In fact, many of these projects offer only a roughly 50% return on investment. Here, from bad to worst, are the projects that make particularly poor choices for payback. [Click to continue reading this article...]( [How Secure is Social Security?]( For many aging Americans, Social Security is critical. Social Security makes up at least 50% of the income for half of people age 65 and older, and is the sole source of income for about 20%. Imagine being one of those recipients, then reading articles with titles like "Social Security trust funds now projected to run out of money sooner than expected due to Covid, Treasury says," or "Covid took one year off the financial life of the Social Security retirement fund," or "Social Security could be insolvent 'within 8 years,' economist warns." If you depend on Social Security to survive, this is scary stuff. [More here...]( SPONSORED CONTENT [Do You Have Zero Experience Trading?]( Quick!....get this free e-book that was designed to teach beginners how to trade options while you still can. Want to start trading with a small account? Got you covered on that also. Chuck Hughes has taught thousands of beginners how to be successful in trading. [Click here to get the e-book while you still can.]( --------------------------------------------------------------- [The Option Specialist]( Send this to a Friend. [Click here.]( | Not a Subscriber Yet? [Click here.]( All content © 2021 The Option Specialist Neptune Ave, 300 Main Street #711, Madison, NJ 07940 USA Welcome to The Option Specialist, an e-mail service that replaces many of our previous alerts. We hope you enjoy it. If you do not wish to receive this email service, please [click here to unsubscribe](. [Privacy Policy]( --------------------------------------------------------------- © Copyright 2021 The Option Specialist, All rights reserved. All content made available to you through our services are subject to and protected by copyright. Legal disclaimer: The Option Specialist is strictly a research publishing firm and much of the information we publish in email and our various websites are obtained from sources we believe to be reliable. You should know that accuracy can never be guaranteed. We do not design our content to meet your personal situation & you need to know we are absolutely not financial advisors and we never, under any circumstance give our users personalized advice. Every single opinion we express herein are those of the publisher and are subject to change without notice. Published content may become outdated and there is no obligation to update any such information. Sponsored emails like this in The Option Specialist or our other publications contain paid advertisements and don't necessarily endorse or recommend it to you or any investor. Neither the company nor our affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk... If you wish to contact us, please do not reply to this message but instead e-mail us at support@theoptionspecialist.com. Replies to this message may not be read or responded to. We are unable to respond to emails and phone calls requesting personal financial advice.