Phil's Stock World, Stock Options Trading & Information

Thanks Phil another great week of guiding us!

- Steven Parker, Dec 18, 2009

Phil - I’m with you just little bit longer than a month and you can not imagine how happy I am now, and not just because my P/L improved ( and I’m sure that it will be even better), but I found that the worst thing in trader’s carrier is a LONELINESS. Here I found so many bright good guys, I looked for this service for years. THANK YOU AND TAKE GOOD CARE OF YOURSELF BECAUSE I PLAN TO STAY HERE AND RIDE THIS CREASY MARKET WITH YOU FOR ANOTHER 20-30 YEARS

- Tchayipov, Dec 15, 2009

The strategy you have laid out pretty much mirrors much of my trading activity. I also mix in some momentum plays and \"drop dead\" bargains that come across my radar. My YTD trading profit is 63%. Back in March when Phil said \"unless you think the world is coming to an end, then NOW is the time to start taking positions in Buy/Writes with the VIX so high.\" I jumped in with both feet - ( thanks, again Phil)

- Chaps, Nov 11, 2009

Oxen (directly) and Wilkinson (indirectly) are making me a great day trader! Props to Andrew for another little nugget last night: HIG. $20 Dec calls paid 6% quickly this morning. And helloooo STJ - a few days, but nice pick nonetheless - esp with early cover premium.

- Dstillwe, Jul 24, 2009

Against all prognostics (bears) Phil pointed in the morning the correct direction, and in middle of day he pointed the possible move to 2.5% Incredible… I’m starting to serious believe on the program trading and the human nature behind the programing those \"trade-bots\".

- Spider, Jul 14, 2009

Newer member here, but just wanted to say thank you too. I’ve learned so much and I hope you’ll be around for a long time helping us learn along the way.

- Where, Apr 7, 2009

A truly great website with a lot of information for investors. Whether you are a novice, seasoned, or a professional there is a lot to be gained about stock options and options trading from this very informative website.

- ZKatkin, Mar 21, 2009

Simply the best blogger with the greatest group of members a person could surround himself with on trading day. I've been trading for quite some time now and the insights & suggestions offered by Phil and the members keep me on a continuous learning cycle.

- DDay, Mar 21, 2009

I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?

- Bill Hoffman, Jan 23, 2009

Phil/BCS - Didn’t realise they traded here. Should’ve known really. Thanks for the tip. managed to pick some up just before the close at a 15% discount to the UK closing price.

- DB, Jan 16, 2009

Beginner's Guide to Options Trading. Free PDF Guide. Where & when to trade, how to prevent stock or option loss and how to make money!

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Archive for August 10th, 2007

TGIF!

by HappyTrading - August 10th, 2007 1:34 am

Again, “What a difference a day makes!!” With more bad news from the financial and housing sectors, the market went down “huge” today, reversing yesterday’s “big” gains, and more! The Dow was down 387 points; SPX was down 44; and, Nasdaq was lower by 56 points!

As you can see, most sectors were down. VIX jumped again, and went almost to 27 at one point!!

This is what happens when a nervous market gets bad news! Interestingly though, Nasdaq went green mid morning, perhaps still helped by CSCO’s good earnings from yesterday. SOX held up well, closing above 500.

The major indices are once again back in their support ranges. Yesterday, I said, “I’m looking at some near-term “resistance” levels. Since SPX did go above 1500, I’m seeing 1500-1520. This is the range that I’ll be looking for SPX to go above to feel more comfortably that the market has completed a healthy correction.” I also thought that the market could go a little higher before re-testing the bottom. But, with the BNP freezing funds news coming out of Europe overnight, the U.S. market didn’t have a chance. In any case, it looks like we are re-testing the support ranges again!

SPX

SPX closed at 1453.09, back within its support range of 1440-1460. We’ll have to see if this support range can hold and allow the market to create a double-bottom.

As expected, Asia is mostly down right now. Hong Kong is down over 600 points; Japan is down over 400; and, China is down over 100 points! Central banks in Asia are injecting extra cash into banking systems in a bid to calm the money markets. It will be interesting to see in the morning if the Asian markets can hold their support levels and create a double-bottom.

Until we know where the market is going to go, the safest thing to do is perhaps still to hold cash. A few shining stars did shine through on this gloomy day. An article highlighted some “clean tech” stocks yesterday, and three stocks jumped out to defy gravity today. ZOLT flew almost +11% today to clinch a new 52-week high of 51.77! AMSC jumped more than +5% and also make a new 52-week high at 27.59. SPWR added another +1.84% on top of yesterday’s +13% gain, with a new “all-time” with at 81.27! I am “happy” to say that we were in SPWR since yesterday and cashed the rest of the position out with a +76% gain!

We also played a…

Posted in Uncategorized | 323 Comments »

Phil's Favorites

How a New Jobless Era Will Transform America

March 19th, 2010 11:19 pm

The introduction to the Atlantic article "How a New Jobless Era Will Transform America" is from a private correspondence with my friend Tom. - Ilene

Tom: From a sociological point of view, I think the following article is insightful. Don Peck talks about the impact of unemployment on people, communities, and cultures. His forecasts are based on an assumption that the US economy will take a long time to correct our current joblessness...

Zero Hedge

Guest Post: A Historical Note On Multi-Sigma Sovereign Risk

March 19th, 2010 9:13 pm

Courtesy of Tyler Durden

A Historical Note On Multi-Sigma Sovereign Risk, By JM

AttachmentSize More on the Economics of Decontrol.doc273.5 KB ...

more from Tyler

Chart School

Quad Witching Expiration and a Pullback from the Long Term Trend

March 19th, 2010 12:05 pm

Quad Witching Expiration and a Pullback from the Long Term Trend

Courtesy of JESSE'S CAFÉ AMÉRICAIN

The front month on the SP futures has now switched from March to June as a part of the Quad Witching Expiration. (Technically it switched last week, but for charting purposes I made the switch last night.) The June Futures have essentially the same formations as did March, it's just that the earlier months have few trades to mark them. This is the first serious test for US equities since mid-February, as it has been on a spectacular rally streak, no doubt fueled by excess liquidity applied to a selling exhaustion in the funds. Curiously not among corporate...

Trading Goddess

Options and My Patience Expire Today

March 19th, 2010 9:29am

Well now we're officially cashed out!

As I always do before options expiration I reviewed our Buy List, which, this quarter, is a list of 37 stocks we've been playing since late December and, sadly, after reviewing 37 of our favorite investments very carefully this week - I could only conclude that cashing them out was the only decision I could be comfortable with this week. Of 66 trades we had on our 37 stocks, 64 are winners with an average return since 2/8 of 28% - since most of the trades were designed to make 40% for the year - it just seems silly not to take the money and run now, on March 19th.

You are not supposed to have 64 out of 66 winners in 6 weeks, you are not supposed to make 3/4 of what you anticipate for the year in 6 weeks - that is NOT how the markets are supposed to work! When the ma...

Oxen Group Trades

The Oxen Report: Five Keys to Fundamental Day Trading

March 19th, 2010 11:05 am

Identifying the Fundamentals

Stocks move under the influence various factors that we can use to identify stocks that are likely to move 3-5% in a single day. Even t...

The Options Report

By Andrew Wilkinson

Best Buy Option Investors Condone Broker Upgrade in Bullish Action

March 19th, 2010 4:41 pm

Today’s tickers: BBY, DNDN, GLD, BAC, AET, BA & NBR

BBY - Best Buy Co., Inc. – Shares of the world’s largest electronics retailer rallied 2% to $41.25 during the trading session after receiving an upgrade to ‘buy’ from ‘neutral’ at Goldman Sachs Group where analysts increased BBY’s target share price to $47.00 from $44.00. Options traders employed a few different bullish tactics to position for continued upward movement in the price of the underlying stock through expiration in April. Plain-vanilla call buyers targeted the April $44 strike to purchase 5,100 calls for an average premium of $0.55 apiece. These investors stand ready to accrue profits if Best Buy’s share price increases 8% from the current value to exceed the effective breakeven point on the calls at $44.55 by expirati...

Insider Zone

Insiders: March to Exit

March 15th, 2010 6:49 pm

By Ilene

Let's take a look at Insider Buying and Selling over the last week or so. These are screen shots from Finviz - the significant buys against a green background first and significant sells against the pink background second. All the buys fit into my screen shot but the sells did not. Click here to see all the sells.

Note that the largest buy in the group, for KITD was at a price of 9.73 (KITD is currently at 11.54). The buy was part of an Equity Offering rather than an open market purchase. Tuzman Kaleil Isaza's (KITD's Chairman and Chief Exec. Officer) history of buys is http://www.insidercow.com/ more from Insider

OpTrader

Swing trading portfolio - week of March 15th 2010

March 15th, 2010 8:55 am

This post is for live trades and daily comments.

To learn more about the swing trading portfolio (strategy, membership etc.), please click here

- Optrader

...

more from OpTrader

March 2010
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8	9	10	11	12	13	14
15	16	17	18	19	20	21
22	23	24	25	26	27	28
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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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