Zacks.com announces that the experts at Ultimate Option Strategies highlight an option for the following stock: Corinthian Colleges

Business Wire, Nov 24, 2006

CHICAGO -- Ken Trester, editor of the Ultimate Option Strategies newsletter, expects sideways action with an upside bias for November and says option buyers should focus on the longer term. Read about an option play on Corinthian Colleges (Nasdaq: COCO). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84.

Highlights from the November 13 Featured Expert column by Ken Trester include:

Ken Trester's Best Option Play

Debit Spread to Buy -- Buy Corinthian Colleges (Nasdaq: COCO) Jan 2009 12.5 Call and sell COCO Jan 2009 17.5 Call. The spread price at Friday (11/10) close was $1.80.

The maximum profit potential with this position is 155%. Maximum profits will be realized if the stock is above $17.50 during the week prior to January 2009 options expiration. The stock would have to rise to over $30.00 to obtain a similar profit from buying the stock itself.

A debit spread is similar to buying an option, except you are using the simultaneous sale of another option to offset some of the cost. This debit spread reduces the cost of buying the COCO Jan 2009 12.5 Call, which otherwise would cost 2.9 points.

Corinthian Colleges is a for-profit, post-secondary education company. The stock recently underwent a sharp sell-off, then rebounded quickly, which is bullish action and indicative of good support. It is at the bottom of its trading range and this LEAP debit spread buys you a lot of time for a recovery.

Read Ken Trester's outlook and find out what he has to say about a favorable longer term. Then take a look at the complete description of the above option trade and discover more options by clicking: http://at.zacks.com/?id=85.

About Zacks Featured Experts

Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets and improve their portfolios, especially in bad ones. That is why Zacks Investment Research has assembled the best investment experts in the business to offer their powerful advisory newsletters on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.

Additional recommendations from Zacks.com Featured Experts are highlighted in the free investment newsletter, Profit from the Pros. Each issue highlights several Featured Experts in this free e-mail newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=87.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.