Guest View
User: Pass: | become a member
Posts Tagged ‘YRCW’

Friday the 13th’s Follow-Through Failure Forecast

chartHappy Friday the 13th!

Will the market's luck change today or will we break through the mirror at 1,297 on the S&P which could spell 7 years of bad luck for the bears (or maybe 7 weeks).  

Surly Trader has a chart (see Phil's Favorites) that says only 9% of the S&Ps sales come from Europe, which means we really shouldn't care so much what they do but he also has a frightening chart of the Baltic Dry Index, which has fallen off a cliff since mid December and that matches up with this terrifying collapse in Rail Traffic that started earlier and also isn't finished.  

SPY 5 MINUTEThe last time intermodal traffic dipped to this level, we were in denial that we were in a Recession and indeed the Dow continued to march from 11,500 in January of 2008 all the way to just above 13,000 in May before it began the long march to 6,600.  

Of course, a pessimist may say that by the time traffic had dropped this badly, it was December and the Dow ars already at 8,000 or an even bigger pessimist may point out that, since these are year over year comparisons, that we've never even recovered the original 20% drop and now we're down again and worst than we were at the time.

But I don't like to be a pessimist so I'll just quote David Fry, who titled yesterday's post: "Bulls Blind to Bad Data Once Again," noting:

In the eurozone today ECB president Draghi decided the best defense is a good offense and cleverly spun a yarn that his policies are working. Draghi further states that “interest rates will remain low for an extended period”…where have we heard this before? This statement caused the euro to rally about 1% on the day perhaps squeezing some shorts.

 


continue reading


Tags: , , , , ,




Thursday Fix – Victory In Our Time!

You ask, What is our aim? I can answer with one word: Victory—victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory there is no survival. – Winston Churchill 

I do HAVE to say "I told you so!"  

When I was interviewed on Monday and they asked why I’m bullish, I replied that "stimulus trumps everything" and that’s what we’ve been playing for, especially in our new White Christmas Portfolio, which will be off to a rockin’ start with the aggressive upside trades that I not only mentioned in yesterday’s post - which made easy fills yesterday morning, as the markets shook out the last of the weak hands on yet another rumor-driven dip.  

We got our daily double on the AGQ calls, as expected and SSO fell all the way to $44.20 (150% profit on that trade if they finish Friday above $45) while FAS dropped $13.35 and that spread will be good for a 2,100% gain if FAS can get back to and hold $14 – which should be a snap thanks to our friends at the EU.  

In the morning Alert to Members, I put up this cute little Gif to illustrate the day’s action and it was a real roller-coaster day but we stayed generally bullish, taking quick profits off our morning bear plays on DIA and USO.  We added a bullish trade ideas for AMZN (complex spread), TNA (short Nov $40 puts at $3.60) but that was it for the day because my comment to Members at 11:01 was: "Dollar rejected at 76.80 – still hope for the bulls!"  

Well, those bulls were us and we already had our bets in place from last week, when things were cheaper so there was nothing to do but watch as the markets took off like a rocket from that point forward.  Heck, we were so bullish we even sold NFLX puts (Nov $67.50 puts for $3) as a bullish offset to a DXD hedge (which we’ll pull the bottom of today).   On Monday we had picked up bullish trades on AAPL and GLW and I mentioned EWG in Friday’s post (those should be looking good this morning!) as well as our plays to go long in the Russell Futures at…
continue reading


Tags: , , , , , , , , , , , , , , , , ,




Magical Monday – All “Fixed”!

SPY 5 MINUTEOh what BS!

Still, it’s BS we expected, isn’t it?  What did I tell you in Friday Morning’s post?  I said: "Our plan for the day (as we’ve been short all week) is to get back to cash for the weekend but I’m sure we’ll find some speculative upside plays (like USO at $37) to play (we already went long on Silver in the Morning Alert to Members)."  I followed that up with my 9:40 Morning Alert to Members, where my specific trade ideas for the morning, while the market was plunging, were:  

  • USO Next week $36 calls are $1.45 so 10 of those in the $25KP with a stop at $1.20.
  • TNA Aug $69/73 bull call spread is $2 and you can sell the $51 puts for $1.20 and that’s my favorite index play at the moment. Of course any bullish offset would work but this one is focused on the RUT and betting it won’t drop another 8% by Aug expiration (725).

How’s that for a bottom call?  That was right into the panic lows and,  at 9:48 I reiterated my call right at the dead bottom, saying to Members: "Volume is not very high – this is a retail panic so far. If you have short positions, strongly consider put tight stops on them (this includes the $25KP and Income Virtual Portfolio) as they put plenty of cash in your pocket and we can always find another layer of shorts if the RUT can’t hold 775."

UUP WEEKLYAt 9:50 my trade idea was selling PCLN weekly $545 calls at $3 which expired worthless that day for a 100% gain.  At 9:52 we picked up the weekly (that day) QQQ $57 calls at .72 and we had a 100% gain on those by 11.  At 9:56 we went short on the VIX with the Aug $19 puts at $1, at 10:16 we even made 5 bullish adjustments to our fairly conservative Income Virtual Portfolio, including  selling 50 DIA Aug $116 puts for $110 ($5,500) and we’ll be pulling those right off the table this morning – but I’m getting ahead of myself

At 11:25 we went for a Jan bull call spread on UNG and at 1:20 I put up my last long trade idea of the day, selling YRCW Jan $1 puts for .70 for a .30 net entry on the trucker.  …
continue reading


Tags: , , , , , , , , , , , , , ,




Freaky Friday – Alpha 2 Says “Cliff Ahead”

This is fun, right?

We had a nice opportunity to buy the F’ing dip yesterday as well as an interesting opportunity to test the prudishness of the hundreds or web sites that syndicate my articles as I saw every possible variation of "F’ing" popping up in titles that were pinged back to me.  Social mores aside the move was so well telegraphed that we were able to take a non-greedy exit on our QID position – leaving us, thankfully, with just the DIA shorts in our $10,000 Virtual Portfolio.  That means, we are going to be able to start our brand new $25,000-$100,000 Virtual Portfolio right on schedule next week.

We began "Turning $10,000 into $50,000 by January 21st" on June 11th and we’re not done yet but we’re well over $30,000 – even looking at our wrong-way (so far) short bet on the Dow.  We could have killed that one yesterday as well but, as today’s title says – we just have to give the old Alpha 2 a chance to fully play out as we would just hate ourselves if we get get that 500-point drop in the Dow right after we bail on the shorts as that would be our $50K right there!  

So up only 200% or so in 7 months is a failure but, to be fair, we did take a couple of months off as I didn’t like the market enough in October and November and we already had $26,000 so it didn’t seem worth risking 260% to make another 100%.  In the final month, we decided to "go for it" but it was a messy way to make another 20% as our overall premise – that a drop was "right around the corner" simply did not pan out.  

Frankly, looking back at the original 5 picks makes me want to cry as we could have just left those on the table and gone on vacation!   They were:  

  • 10,000 YRCW at .21 (we doubled down at .11), now $3.76, up $35,500 (a Bazillion percent, I think but there was a reverse split…) 
  • 20 C Dec $3/4 bull call spreads at .62, closed at $1, up $760 (up 61%)
  • 20 short C Dec $4 puts at $1.08, close at $0, up $2,160 (up 100%) 
  • 20 TASR Jan $5/7.50 bull call spreads for .35, now $0, down $700 (down 100%)
  • 10


continue reading


Tags: , , , , , , , , , ,




Options Feeding Frenzy Ensues Ahead of Earnings at Intel, JPMorgan

www.interactivebrokers.com

 Today’s tickers: INTC, JPM, MRVL & YRCW

INTC - Intel Corp. – Large-volume bearish positions cropped up in options on the chip giant this morning ahead of the firm’s much anticipated fourth-quarter earnings release after the final bell ends trading for the session. Intel’s shares are down slightly by 0.30% to stand at $21.24 as of 11:55am in New York. Investors placing outright bearish bets on the stock ahead of the earnings report utilized 60,000 January contract put options to construct a ratio put spread. Ratio put-spreaders purchased 20,000 of the January $21 strike puts for an average premium of $0.34 per contract, and sold 40,000 puts at the lower January $20 strike at an average premium of $0.10 each. The net cost of the transaction amounts to $0.14 per contract. The spread positions players to make money if the chip maker’s shares fall 1.8% from the current price of $21.24 to breach the effective breakeven point on the downside at $20.86 by expiration day. Maximum potential profits of $0.86 per contract are available should shares in Intel Corp. decline 5.8% to settle at $20.00 at expiration. The sale of twice as many lower strike puts is a sign that traders do not anticipate an all-out collapse in the price of the underlying. The position will start to work against investors in the event that shares in Intel fall 9.9% from the current value to trade below the effective breakeven price of $19.14 before the contracts expire next week. Bearish sentiment on the stock is also evident at the February $20 strike where around 20,000 puts were purchased for an average premium of $0.31 a-pop. Investors buying the put options make money if INTC shares drop 7.3% to slip beneath the average breakeven price of $19.69 by expiration day in February. Nearly 265,000 option contracts have changed hands on Intel Corp. as of 12:10pm.

JPM - JPMorgan Chase & Co. – Options traders are initiating bullish stances on the financial services firm today in the final…
continue reading


Tags: , , ,




Turning $10K into $50K by Jan 21st – Week 12 Update (Members Only)

What an exciting 10 weeks these trades have had!

The most important thing to take away from these hedged play reviews is how important it is NOT TO TOUCH THEM.  We orginated this group on June 11th and the Dow was at 10,200 and it ran up to 10,600 and down to 9,600, back to 10,700, down to 9,800 again and is now back to 10,400.  We could have made some good adjustments and we could have made some bad adjustments but the best move is to do nothing with long-term, hedged positions while the market gyrates UNLESS something fundamentally changes in your range outlook. 

Rather than panic out of positions like these examples, a simple disaster hedge was used in the July 26th update to ride out the dip, while letting time (theta) decay contine to do it’s work on the premiums we sold…

The VIX was at 30 back on June 11th and that, in part, determines the nature of the trade ideas we decide to use.  The higher the VIX, the more we want to sell premium as we simply profit from the declining VIX (now 23.5).  The idea of these picks was to find $10,000 worth of small plays that we thought could gain 500% by Jan 21st as part of a larger virtual portfolio.  If you can do this with just 10% of a $100K virtual portfolio or 5% of a $200K virtual portfolio, that’s plenty of risk for these uncertain times and it’s a nice 25-50% bonus on the entire virtual portfolio if it works out.  Risk can be a component of a conservative virtual portfolio if we wall it off safely.

Our first play was a fundamentals play on YRCW, assuming they wouldn’t go bankrupt.  10,000 shares at .21 was the original entry ($2,100) and I called an audible on this one on 7/7 to add 2x at .11 rather than stop out.  That brought the net down to 0.143 on 30,000 or $4,290 so a bit more than a DD overall and we took 1/2 off the table this week at .29 ($5,850), turning this one into a free play ($1,560 profits in pocket) with 15,000 shares to ride out but we lost our nerve at .41 because we couldn’t get .10 for the Jan $1s so we gave up (and rightly so it turns out) and cashed out for another $6,150 in profits for a total profit of
continue reading


Tags: , , , , , , , , ,




Turning $10K to $50K by Jan 21st – Update 1 (Members Only)

What an exciting 6 weeks these trades have had!

The most important thing to take away from these hedged play reviews is how important it is NOT TO TOUCH THEM.  We orginated this group on June 11th and the Dow was at 10,200 and it ran up to 10,600 and down to 9,600 and is now back to 10,400.  We could have made some good adjustments and we could have made some bad adjustments but the best move is to do nothing with long-term, hedged positions while the market gyrates UNLESS something fundamentally changes in your outlook.

The VIX was at 30 back then and that, in part, determines the nature of the plays we take.  The higher the VIX, the more we want to sell premium as we simply profit from the declining VIX (now 23.5).  The idea of these picks was to find $10,000 worth of small plays that we thought could gain 500% by Jan 21st as part of a larger virtual portfolio.  If you can do this with just 10% of a $100K virtual portfolio or 5% of a $200K virtual portfolio, that’s plenty of risk for these uncertain times and it’s a nice 25-50% bonus on the entire virtual portfolio if it works out.  Risk can be a component of a conservative virtual portfolio if we wall it off safely.

Our first play was a fundamentals play on YRCW, assuming they wouldn’t go bankrupt.  10,000 shares at .21 was the original entry ($2,100) and I called an audible on this one on 7/7 to add 2x at .11 rather than stop out.  That brought the net down to 0.143 on 30,000 or $4,290 so a bit more than a DD overall and we took 1/2 off the table this week at .29 ($5,850), turning this one into a free play ($1,560 profits in pocket) with 15,000 shares to ride out for our hopeful $1 target.  We still want to sell the $1 calls for .10 – as was the original plan.  Why not lock in another $1,500 that we can’t possibly lose on? 

20 C Dec $3/4 bull call spreads were .62 each ($1,240) and paired with the sale of 10 2012 $4 puts at $1.08 ($1,080) for net $160 investment in the artificial buy/write.  The $3/4s are now .70 ($1,400) and the $4 puts have dropped to .88 ($880) so now net $520 (up 225%), slow but…
continue reading


Tags: , , , , , , , ,




Pass/Fail Friday – Europe’s Stress Test at High Noon!

What a way to end the week!

The EU has decided to leave us hanging until the last moment as they hold off on releasing their bank stress test results until after the markets close (11:30 EST) which leads me to believe the results may not be good or they wouldn’t be waiting until the markets are closed and then giving investors the weekend to digest the results.  If the tests are good, then the US will rally and Asia will rally and the EU would have to gap open on Monday and that would annoy investors over there (kind of like we were annoyed yesterday) but, if the results are bad, then we can drop back to 10,200 or lower and Asia can sell off and they will gap down on Monday but perhaps less of a panic sell-off than if they got hit with the news on a Friday morning

So, because the results were already delayed and because the ECB has chosen to wait until Friday afternoon – I’m going to have to at least make a small bet that we have a failure.  We already hedged the Dow in yesterday’s Member Chat as we weren’t sure of the timing and we wanted to lock in our gains for the week but now let’s look at a nice, profitable way to play a sell-off in the financials.  

  • FAZ is the 3x Ultra Short ETF on the financials and you can just buy that ETF for $14.62 a share and a 3.3% move down in XLF should translate to a 9% gain to $15.94, not a bad day’s work right there!  Thanks to the uncertainty we now have, this trade can be augmented with the sale of the August $14 puts and calls for $2.65 and that drops the net purchase price to $11.97.  If XLF finishes below $14, another round of stock would be put to you at $14 for an average entry of $12.99, which is 12% lower than the current price so this trade assumes the financials don’t go UP 4% by August 20th.  If FAZ finishes over $14 (.62 lower than it is now) the net return on the $11.97 is 17%, not bad for 3 week’s work….
  • Since XLF is also $14.45, we can also have some math fun.  In theory, XLF should move 1/3 of what FAZ moves so for XLF


continue reading


Tags: , , , , , , , , , , ,




Thank Jobs It’s Friday!

Do I know what the jobs data will be at 8:30?  Nope.

Then why would I title a post "Thank Jobs It’s Friday!" – what if the report sucks and we go down?  Well, at this point, even if that does happen, I think that will be the end of it.  We’ve been building up to this "terrible" jobs number all week and we got a rotten ADP Report and a rotten Unemployment Report so everyone is expecting a rotten Non-Farm Payroll report.  When everyone expects the same thing, we like to bet against it.  Sometimes we’re wrong and sometimes we’re right but you make some amazing money when you are right.  The magnitude of the short squeeze that would follow a significantly BTE NFP Report could send up up 300 points or more on the day, likely with a big finish this afternoon and some follow-through on Tuesday as the rest of the world plays catch-up.

A bad report, on the other hand, is already baked into the cake and we have yet to test S&P 1,000 so we can expect support there.  It wouldn’t be pleasant, but we should be able to scramble and protect ourselves if we head lower so the smart move is to play for the mega-move higher, and that’s where we are.  Of course, it’s also a balance issue.  In our last Weekly Wrap-Up, we had the following open trade ideas going into June 21st (we had gotten bearish at the end of the previous week):

  • APOL July $40 puts spread at .46, now .60 – up 30%
  • BBY Jan $37 puts sold for $4, now $3 – up 25%
  • BP July $30/32 bull call spread at $1, now .70 – down 30% 
  • YRCW at .21, now .15 – down 28%
  • BP Oct $33/July $33 ratio backspread (3:5) at net $225, now $524 – up 132%
  • TZA July $7 calls .08 (net of spread), now $1.50 – up 1,775%
  • SIRI 2012 $1 puts sold at .33, still .33 – even
  • USO July $33 puts at .51, now $1.08 – up 131%
  • GLL July $37 puts, sold for $1.30, now .35 – up 70%
  • TBT July $38 puts sold for $1, now $2.05 – down 105%
  • OIH June $104.10 puts at $2.02, now $8.70 – up 330%
  • TZA July $6/8 bull call spread for .55, now $1.48 – up 169%
  • TZA July $6 puts sold for


continue reading


Tags: , , , , , , , , , , , , , ,




Turning $10,000 into $50,000 by January 21st! (Members Only)

Wheee - this is getting to be fun!

I spend most of my time with members preaching LOW-risk strategies so it’s fun to look at a riskier one once in a while.  If the market is trending higher then we may have an opportunity to make a nice, fat return and we’ve already locked in a conservative set with a lot of cash on the side so we’re able to consider taking a little gamble now.

While we still have a nice, fat VIX at 30, let’s look UP for a change and think of some small, fun plays we can take that give us great expectations for the end of the year.   As I mentioned the other day, putting just 10% of your virtual portfolio into a risky play that makes 500% to the upside can be a real virtual portfolio booster.  The trick here is to select trades that either limit our downside or have downsides we don’t mind (like having a stock put to us that we don’t mind owning). 

I thought it would be fun to set up a small, virtual portfolio with a few selections we think can provide big returns by January expirations.  Keep in mind that these are, of course, high-risk positions and should not be more than 1/10th of a virtual portfolio so if you have $10,000, just $1,000 should go into risky posiitons like this.  If all goes well, you still make 50% on the whole $10,000 so DON’T BE GREEDY!  We’ll track this set of picks going forward and make adjustments, if needed along the way.

Let’s start with a stock.  As you know, I am NO fan of penny stocks.  I pretty much avoid them like the plague but there’s a stock that costs just 21 pennies I’ve decided I like and that’s YRCW.  YRCW is an unintentional penny stock and they do have many, many issues that may cause them to go BK BUT – they also have $5.2Bn in revenues against a $214M market cap and, if they don’t go bankrupt, then someone may decide to buy them, probably for more than $1.

Freight volume for truckers was up 0.9% in April after being up 0.4% in March and the Freight Index is now at 110.2, the highest level since Sept of 2008, when YRCW as stilll a $10 stock (but on the way down).  YRCW says they broke even in April and
continue reading


Tags: , , , , ,




 
 
 

Zero Hedge

David Stockman On 'The QE Follies': Bernanke's Swell Gift To The Big Four Banks

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by David Stockman via Contra Corner blog,

I recently pointed out that the Fed’s 5-year campaign to drive the 30-year mortgage rate from 6.5% to 3.3% had accomplished nothing except to touch off another of those pointless “refi” booms which enable homeowners to swap an existing mortgage for a new one carrying a significantly lower interest rate and monthly service cost. Such debt churning exercises have been sponsored repeatedly by the Fed since the S&L debacle of the late 1980s.

I further noted that this time the Fed had re...



more from Tyler

Chart School

Weekly Market Summary

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

The set-up coming into this past week was clean: SPX and NDX exhibited breadth extremes from which they usually bounce and April Opex is a seasonally strong week (post).

In the event, SPX rose nearly 3%. In the process it exhibited a familiar pattern: overnight gaps in the past 4 days accounted 60% of the week's gain. Cash hours, when liquidity is greatest, was not where the meat of the gains took place. That was even more true for RUT and NDX which only posted cash hour gains during two of the four days.

After a sharp drop and a strong bounce, where does that leave the markets? Let's run through each of our market indicators...



more from Chart School

Insider Scoop

Nike Laying Off Fuel Band Team, According to CNET

Courtesy of Benzinga.

Nike (NYSE: NKE) is laying off 70-80 percent the engineers who created its FuelBand Fitness Tracker. according to a post that first surfaced on the social network Secret and was reported Saturday by CNET. Approximately 55 of the 70 employees on Nike's Digital Sport hardware team are reportedly being cut.

View full article http://www.cnet.com/news/nike-fires-fuelband-engineers-will-stop-making-wearable-hardware/

Posted-In: CNETNews Rumors

...

http://www.insidercow.com/ more from Insider

Phil's Favorites

"Insatiable" Idiocy from the Economist on What to Do About Russia; Warmongers Can't Think

Courtesy of Mish.

In "Insatiable" the Economist says "The cost of stopping the Russian bear now is high—but it will only get higher if the West does nothing".

Economist: Mr Putin has used the Ukrainian crisis to establish some dangerous precedents. He has claimed a duty to intervene to protect Russian-speakers wherever they are. He has staged a referendum and annexation, in defiance of Ukrainian law. And he has abrogated a commitment to respect Ukraine’s borders, which Russia signed in 1994 when Ukraine gave up nuclear weapons. Throughout, Mr Putin has shown that truth and the law are whatever happens to suit him at the time.

Mish: What a bunch of one-sided hypocritical nonsense. The ...



more from Ilene

Market Shadows

Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

Two guest authors, David Stockman and long-time contributor John Rubino, write about the current state of Abenomics. 

Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

By  

This one matters a lot. Abenomics was predicated on a lunatic notion—namely, that the economic ills from Japan’s massive debt overhang could be cured by a central bank bond buying spree that was designed to be nearly 3X larger relative to its GDP than that of the Fed. Yet anyone with a modicum of common sense and market...



more from Paul

Option Review

Wild Ride For Chipotle

Shares in Chipotle Mexican Grill Inc. (Ticker: CMG) opened higher on Thursday morning, rising more than 6.0% to $589.00, after the restaurant operator reported better than expected first-quarter sales ahead of the opening bell. But, the stock began to falter just before lunchtime on concerns the burrito-maker will increase menu prices for the first time in three years. The price of Chipotle’s shares have since fallen into negative territory and currently trade down 3.5% on the session at $532.89 as of 1:50 p.m. ET.

Chart – Shares in Chipotle cool by lunchtime

...

more from Caitlin

All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

more from David

Sabrient

What the Market Wants: Positive News and Stocks at Bargain Prices

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Last week’s market performance was nasty again, especially for the Small-cap Growth style/cap, down 4%.  Large-caps faired the best, losing only 2.7%.  That’s ugly and today’s market seemed likely to be uglier today with escalating tensions over the weekend in Ukraine. 

But once again, positive economic trumped the beating of the war drums. Retail Sales jumped up 1.1% over a projected 0.8% and last month’s tepid 0.3%, which was revised up to 0.7%.  While autos led, sales were up solidly overall.  Business inventories were about as expected with a positive tone.  Citigroup (C) handily beat estimates to add to the morning’s surprises.  As a result, the market was positive through most of the day, led by the DJI, up 0.91%, and the S&P 500, up 0.82%.  NASDAQ had a less...



more from Sabrient

Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



more from Bitcoin

OpTrader

Swing trading portfolio - week of April 14th 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

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



more from OpTrader

Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here is the new Stock World Weekly. Please sign in with your user name and password, or sign up for a free trial to Stock World Weekly. Click here. 

Chart by Paul Price.

...

more from SWW

Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



more from Promotions

Pharmboy

Here We Go Again - Pharma & Biotechs 2014

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



more from Pharmboy



FeedTheBull - Top Stock market and Finance Sites



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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>