Options Play-17 Oct

The bull market is in rage, it is not going to stop going up. The Dow Jones industrials came close
to hitting a new intra-day high of 11,997.25 shortly after 3:30 p.m. ET on 16 Oct 06 and the Standard & Poor's 500 Index was up 3.4 points, 0.25%, to 1,369.

Some of the names I am watching for tonight earning plays for options are:
Parker-Hannifin CorpCorporation(PH) , CSX Corporation(CSX) and General Dynamics Corporation(GD).

Big industrials,which is a strong area right now are JLG Industries (JLG)
W.W. Grainger (GWW) and and Eaton (ETN) which on Monday said its third-quarter profit rose 25 percent due to strong sales in its fluid power and electrical segments. The company's stock jumped 7.47 % after the close of the market, so big industrials, seem to be a strong area right now and therefore I like Parker-Hannifin Corporation (PH) as it is also closely related to Industrial segment.

CSX Corporation(CSX) , railroad company is expected to get a boost from volume growth and to solid pricing increases from the last quarter.

General Dynamics (GD) is in aerospace/Defense industry benefited most from government increase military spending and news sources reported that their orders have outpaced deliveries, pushing back delivery dates for third-quarter orders into 2009.

Well, as a individual and self directed investor, I am always very excited during the earnings season beacuse the market present many opportunities that we can profit upon and let hope this time will also not be any exception.