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Direxion ETFs: High Delta, High Return, One Day Trade Ideas

Jul 17, 2009 - 5:07 AM EDT

Marco Hickey submits:

With just 1 day left, Friday July 17, 2009, for the July options expiration, there are still several Buy/Write option strategies which will yield high returns (considering the probabilities and it is just 1 trading day). In this post I am using the highly volatile Direxion ETF shares, which seek to return 3 times a specific basket of stocks.

To understand this post and how to open the Buy/Write option strategy check out my book on my blog here.

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Source: Seeking Alpha (Jul 17, 2009 - 5:07 AM EDT)