The Commodity Corn Has Taken A Big Hit In 2013. As It Has Plummeted, Many Have Started To Look For A

Weekly CORN Chart Shows Possible Major Bottom

The commodity corn has taken a big hit in 2013. As it has plummeted, many have started to look for a potential bottom, an entry price to go long. It i…

The commodity corn has taken a big hit in 2013. As it has plummeted, many have started to look for a potential bottom, an entry price to go long. It is looking more and more likely that bottom is at hand. Take a look at the weekly chart of Teucrium Corn Fund (NYSEARCA:CORN). This is an ETF that tracks corn. Please note that four weeks ago a bottoming tail was put in, and last week another bottoming tail was put in. It is clear that this commodity is trying to put in a low and upside could be right around the corner. A long at the current $31.00 level appears attractive with downside limited and upside to $34.50 likely. Gareth Soloway InTheMoneyStocks.com

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Yield Boosts Lazard

By: StockoptionChannel.com

Shareholders of Lazard (LAZ) looking to boost their income beyond the stock's 2.3% annualized dividend yield can sell the June 2014 covered call at the $45 strike and collect the premium based on the $1.80 bid, which annualizes to an additional 7.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 10.2% annualized rate in the scenario where the stock is not called away. Any upside above $45 would be lost if the stock rises there and is called away, but LAZ shares would have to climb 4.4% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 8.6% return from this trading level, in addition to any dividends collected before the stock was called.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Lazard, looking at the dividend history chart for LAZ below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.3% annualized dividend yield.

Below is a chart showing LAZ's trailing twelve month trading history, with the $45 strike highlighted in red:

The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the June 2014 covered call at the $45 strike gives good reward for the risk of having given away the upside beyond $45. (Do most options expire worthless? This and six other common options myths debunked). We calculate the trailing twelve month volatility for Lazard (considering the last 252 trading day closing values as well as today's price of $43.24) to be 26%. For other call options contract ideas at the various different available expirations, visit the LAZ Stock Options page of StockOptionsChannel.com.

In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 642,577 contracts, with call volume at 1.08M, for a put:call ratio of 0.60 so far for the day. Compared to the long-term median put:call ratio of .65, that represents high call volume relative to puts; in other words, buyers are showing a preference for calls in options trading so far today. Find out which 15 call and put options traders are talking about today.

The Commodity Corn Has Taken A Big Hit In 2013. As It Has Plummeted, Many Have Started To Look For A

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Yield Boosts Lazard