But for the “contingency” I’ve placed on the Citi trade, it would be a perfect Pick of the Day. Even so, subscribers who have never experienced a profit trading options should give this one the old college try, since it promises to yield succulent odds.
Regarding Pick of the Day trades, the goal of these occasional touts is to provide relatively easy trades that will effortlessly make you back the cost of your subscription. They are for traders of all levels of experience, but particularly for discouraged novices who have never cashed a winning ticket on puts or calls. I do NOT track my P&L, since, as you will already know, subscribers never do as well as they are supposed to have done, if promotional literature is to be believed. However, I would encourage you to ask those in the chat room whether they have indeed made money with Pick(s) of the Day. These trades have seldom been losers, but I’d rather you trust the memory of someone who got dinged for a C-note blindly following my advice before you do so yourself.
Rick’s Picks is a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Rick Ackerman is the editor of Rick’s Picks and a partner in 
Six More Weeks of False Spring?
by Rick Ackerman on October 15, 2009 12:01 am GMT · 31 comments
Read them and weep, all ye despairing bears! The chart below shows a wicked “island gap reversal” in the share price of Goldman Sachs, and it is as much proof as anyone should need to infer that yet more weeks or perhaps even months of false spring await U.S. stocks. When Lehman, Bear Stearns and all the rest were in crash-and-burn mode a little more than a year ago, who would have imagined that as early as 2009, banks and securities firms would be paying out a record $140 billion to employees? Major banks, hedge funds and asset managers are on track to do just that, and it would top the previous peak year of » Read the full article