Phil's Stock World, Stock Options Trading & Information

Just closed out my V put for 50% in 24 hours thanks Phil!

- Humvee, Jan 5, 2010

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

Phil - Wow…wow. The vision and inate grasp of the options world you posess is rather staggering. It’s this type of experience that I really hope to develop. I’m afraid I still can’t see the moves, but I WILL learn. I cannot thank you enough for the patience, knowledge and effort you put into this place. Please keep it going!

- Where, Sep 24, 2009

Phil - I celebrate today, having reached my goal for the year, trading in sync with your education and guidance, of 1 million in profit. I learned a lot, achieved much, and am profoundly grateful. To be honest, when I set the goal I thought it was daunting, as I have for many years been an investor in equities but did very little with options. Learning and doing has for me been a blast! I reached my goal by following Phil’s strategies - lots of Buy/Writes, covered calls on equities , naked put entries for income production. I did it with 2.5 mil and kept 600,000 in cash in case I got in trouble. I concentrated on stocks (many of my own choosing) that had decent dividends and wrote front month calls against (OTM) which has worked well in this market run. 25% of my gain is in dividends and premium selling, with the balance in appreciation.

- Gel1, Sep 16, 2009

Looking over your main themes last week, the \"China may fall first\" and \"if you missed it previously, Thurs am gives you a second chance to short\" were absolutely on target. I had to rely on stop-losses because of my schedule but just those two calls could have been worth a small fortune. Keep it up and I look forward to your new portfolio.

- Ocelli, Aug 18, 2009

Phil: I have 263 positions - 70% in options ( balance stocks) in three portfolios with a value of 3 mil. YTD profit is about $750,000. Thanks!

- Gel1, Aug 12, 2009

I am a Registered Nurse, so is my wife. We work hard to take care of seven kids that are the joy of our lives. The cost for a basic membership is ALOT from our our monthly budget of spending and saving…but well worth it! Phil has allowed me to really ramp up the savings we put away for our children’s college funds and our retirement.

- David , Jun 6, 2009

Well that was a fun day. Cashed out my GS 140 calls for about 35% profit and my AAPL calls for 38% gain. Not bad for 40 minutes of work. Back to 85% cash.

- Singapore Steve, Jun 4, 2009

Thanks Phil, I have adjusted my position by getting rid of the IYF puts, and selling the FAZ puts. You have so many of these awesome little tricks in your playbook that it really amazes me. I toally love your analogy by the way: Do you want insurance that you have to pay for, or do you want insurance that pays you?

- Craigzooka, Apr 25, 2009

Phil - FAS - I dont know whether to be happier I averaged down and sold calls or that I got myself out of FAZ the other day…thanks for that help

- BCFla, Apr 15, 2009

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Posts Tagged ‘unemployment rates’

Mid-Year 2009 Checkup

by ilene - July 3rd, 2009 7:23 pm

Here’s Karl Denninger’s mid-year review of his new year predictions, and thoughts on 2009 part 2.

Mid-Year 2009 Checkup

Courtesy of Karl at The Market Ticker

It doesn’t seem possible that six months have passed under the bridge of time in 2009 yet, does it? Yet they have.

Let’s take a look at the scorecard first from my 2009 Prediction Ticker, remembering of course that I have six months left!

The economy will not recover in 2009. No sign of it yet, "green shooters" be damned. I predicted that U3 would reach 8% by the end of the year, it has exceeded that wildly, and is now 9.5%. U-6 also has exceeded my predicted value already.
Deflation, not inflation, will become evident well beyond housing. Already has. CPI and PPI have come in with negative prints as has capital goods pricing.
Housing prices will continue to decline. Yep.
The Fed’s attempt to "pump liquidity" will be shown to be an abject failure. I’ll leave this one on the table for now; I believe the evidence is in, but I’m in the minority. Score this one as a "no result" as of yet.
GDP will post a 12-month negative number. 12 months aren’t up yet, but we’re working on it!
The Stock Market has not bottomed. Remember, this was made with the market around the 900 level. Major check; we declined to 666. My secondary prediction was a 50% trading range and a 5xx low; we missed that by 67 points, but I still have six months left. I’m sticking with this one.
Precious metals will not be a safe haven. Oh Jim Sinclair! Where’s my $1,600+ gold price? (Or for some, their $5,000+ gold price?) Missing, that’s where. I know, I know, its all manipulation (instead of debt deflation.) Check.
The Dollar will not collapse. Hasn’t yet.
The pound or euro will be where the FX dislocation originates if it occurs. I predicted Par for both being a possibility, not happening yet. We’ll see what the next six months bring.
The US Consumer will go from a negative savings rate to a seriously-positive one. I’m predicting 4% but it could go as high as 10%. Major double-check! We’re up close to 7% now. That’s a home run in any book.
Commercial Real Estate will effectively collapse. The REITs have not yet imploded but the pricing and occupancy look like something that came out of the back end of a horse. Anyone got a finger to lend to push…

Tags: Commercial Real Estate, Economy, green shoots, Job losses, predictions, unemployment rates

Posted in Uncategorized | 2 Comments »

Phil's Favorites

IS CONGRESS ABOUT TO DERAIL THE ECONOMY?

March 18th, 2010 4:46 pm

Here's an excellent discussion on the economy and China. We present many views here, and Pragcap's are some of the most thoughtful and balanced. And if you haven't yet, check out Op-Toon's Review (fun images and satirical commentary). - Ilene

IS CONGRESS ABOUT TO DERAIL THE ECONOMY?

Courtesy of The Pragmatic Capitalist

The United States government has made a curious series of interventionist moves over the course of the last 18 months. Some have been beneficial, but not surprisingly, few of these policies are actually helping the economy recover from the Great Recession.

As I’ve previously mentioned, Keynesianism can work.&nb...

Zero Hedge

Banks Stifle First Amendment, Attempt To Create A Tiered Market Of "Clients" And "Everyone Else" As Flyonthewall.com Is Blocked From Instant Stock Research Reporting

March 18th, 2010 3:24 pm

Courtesy of Tyler Durden

Flyonthewall.com, which is a news aggregator service (much like most of the blogosphere these days, but without the snarky commentary), and is hosted on Zero Hedge, has just seen a major driver of its business model cut off, after several banks just won an injunction that blocks Fly from notifying its clients when a bank may have issued a research event such as an Upgrade or, on those extremely rare occasions nowadays, Downgrade. The banks who feel violated by everyone getting access to information about their sellside detritus contemporaneously, not just wealthy accounts and wire services, are Barclays, Bank of America Corp.’s Merrill Lynch, and Morgan Stanley. As Bloomberg reports, "U.S. District Judge Denise Cote in New York today granted a request for an injunction sought by the three bank...

Chart School

Central Bankers: “You’re Gonna Need a Bigger Punch Bowl, Boys”

March 18th, 2010 2:09 am

Central Bankers: “You’re Gonna Need a Bigger Punch Bowl, Boys”

Courtesy of Joshua M Brown, The Reformed Broker

Trading Goddess

Natural Gas Stocks: Hot Air or Hot Air Rising?

March 18th, 2010 2:53pm

Yes, we've had some bad weather in the East. But with the ending of Winter and the onslaught of Spring, natural gas futures fell to their lowest level in about four years. If you look at a chart of natural gas, you will notice that since July of 2008, gas has been in a constant downtrend. However, the natural gas stocks, utilities, and publicly traded limited partnerships have been bouncing all over the place during the last couple years.

Income investors like natural gas stocks for several reasons. First, they pay a decent dividend with over 15 paying more than 4%. Second, they provide diversification from electric utilities. The average price to earnings ratio for all these stocks is less than 15. And in terms of gas stocks, in addition to natural gas companies, investors can...

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Oxen Group Trades

The Oxen Report: Jobless Claims Drop Only Slightly and Miss Estimates, Will It Weigh on Market?

March 18th, 2010 9:34 am

Yesterday, we got into an Overnight Trade of the Day in New York & Co. (NWY) at 4.34. We a...

The Options Report

By Andrew Wilkinson

Citi-Bull Sheds Just Under a Quarter Million Put Options

March 18th, 2010 4:21 pm

Today’s tickers: C, ERTS, ATVI, DNDN, HIG, DD, RCL, SFD & AMR

C - Citigroup, Inc. – One investor established a mammoth bullish stance on Citigroup in the first 20 minutes of the current trading session. Citigroup’s shares at the time of the transaction were trading at approximately $4.05, but have since slipped lower and are down 0.50% to $4.03 as of 2:45 pm (ET). It looks like the Citi-bull sold 240,000 put options outright at the April $4.0 strike to take in a premium of $0.16 per contract. Premium received on the sale, which represents maximum potential profits, amounts to $3.840 million to the investor if Citigroup’s shares trade above $4.00 through expiration day. The short stance in put options implies the investor is willing to have 24 million shares of the underlying stock put to him at an effective price...

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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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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the Favorites backup site (blogroll, archives, more). Contact Ilene to learn about our affiliate and content sharing programs.

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