Thursday, December 11, 2014

Two Potential Pullback Trades

Since I'm not convinced that the bull market is over, I'm looking for stocks that are still trending higher, but have pulled back the last few days.  Two hit my radar this morning, 

The first is Altria Group (MO).  Among other things, they are paying a big fat 4.1% dividend and were headed nearly straight up until the markets started responding to falling oil prices.

The second is Waste Management (WM), another nice dividend payer at 3%.  

I will be looking at call options, 3-4 months out, with deltas of .75.

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