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  1. Phil

    Here's a couple from the vaults:

     

    GLD is the gold ETF and ABX is my favorite miner but they are way up from where I picked them.  To me the play on Gold is to look for $1,500 to $2,000, which is $150 to $200 on GLD so the 2010 $105s for $10.40 just to put away for safe-keeping or the 2010 $80s for $19.40, where you can sell the Nov $100s for $2.20 without worrying about the caller hurting you.  10 sales like that and you’ve got free calls…

     

     

    ABX/TC – I doubt it would get put to you at $20 and, if so, then say "Thank you sir may I have another."

     

     

    ABX is getting cheap again, investors are betting deflation, which may happen if the governement does nothing but Bernanke just said yesterday he will do whatever it takes and we know that Ben thinks what it takes is a deluge of dollars dropped on the market.

     

    ABX Nov $25 puts for $2.60 are a SELLSELLSELL as you end up with ABX at $22.50, which is 2005 lows when gold was $400 an ounce and oil was $60.  Their production costs at $100 oil was about $320 an ounce so they make more money per ounce now than the entire ounce of gold sold for in 2005!

     

     

    Gold – Don’t forget that owning ABX and GLD is a form of portfolio disaster protection and inflation protection.   ABX is very nice as you can sell against it while you wait but GLD 2010 $80s at $13.60 can go to $120 if gold goes to $2,000 and, if it doesn’t, you can sell the Nov $93 calls for $1.40 so it’s not a bad place to park 5% of your portfolio as massive meltdown protection.  You set a stop at a net loss of $7 and you are risking 2.5% against something that can be a 10 bagger when everything else in the world falls apart…

     

     

     

    GLD crazy cheap again at $76.61 – this is BS unwinding accompanied by China’s move to curb speculation but gold is still gold and now, in addition to the leaps, the Nov $77s at $5 are a nice gamble.  ABX is also great at $24, either to just own or to grab the Nov $25s at $2.88.

     

     

    ABX is so good down here at $24.40!   You can sell Dec $22.50s for $4.20 so in for net $20.20 with an 11% gain in 2 months if called away.  You can also just sell the current $22.50s for $1.65 as you can always roll them to Dec (the Jan $20 puts are already $1.82 so you’re looking at not getting it put to you until about $18).

     

     

    ABX at $20 is still a great deal.

     

     

    ABX at $18.25!  Gold back at $715.  This is one crazy mofo market.

     

     

    RYAAY under $20 is nice, CAL crazy low at $15.50, ABX is still a great way to by tons of gold and get a mining company for free at $18, GOOG held 5%, AAPL still at $92 and you can sell $85 puts for $5, that’s in at $80, VLO $15 puts are $2 but, frankly, you should be mad if you DON’T get to buy them at $15.  You may see these prices go lower on Monday or you may never see these prices again in your lifetime…

     

    Not everything went straight up (we had the 2nd crash in March, 2009) but those who had conviction with their positions did very well in the long-run, as do most people who buy and hold most stocks tend to do.  You can't make value plays with a day-traders' mentality – you're never going to be satisfied, or happy…



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Zero Hedge

hdr22@clintonemail.com - How A Romanian Hacker Exposed Hillary Clinton's Secret Email Life

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While the Hillary Clinton email fiasco is sure to be the talk of the town for the next few days, weeks, and months and may have seriously jeopardized the former SecState's chances at becoming America's next president, an even more important story is how the revelation that Hillary exclusively used a private, unencrypted and unsupervised email for 4 years of state-level, official business communications, emerged in the first place.

The answer, shockingly, comes courtesy of a Romanian hacker who was known by the handle "Guccifer", and who is currently serving time in a Bucharest prison for his online attacks against countless public figures including the infamous leak...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.Date Found: Saturday, 31 January 2015, 07:04:10 PM

Click for popup. Clear your browser cache if image is not showing. Comment: Recessions are illegal! Banned by the central bankers. Wait whats this???

Date Found: Sunday, 01 February 2015, 12:47:52 PM

Click for popup. Clear your browser cache if image is not showing. Comment: Feliz Zulauf talks deflation and non producing debt, a great concern. kingworldnews.com...

Date Found: Sunday, 01 February 2015, 12:49:32 PM

Click for popup. Clear your browser cache if image is not s...



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Insider Scoop

Credit Suisse Reiterates Underperform, Lowers Price Target On CBOE Holdings As Volume Trends Remain Challenged

Courtesy of Benzinga.

Related CBOE 4 Stocks Wall Street Loves This Year...And 4 It Doesn't Simons-Founded Renaissance Technologies Buys Apple, Closes Facebook, Trims McDonald's In Q4

In a report published Tuesday, Credit Suisse analyst Christian Bolu reiterated an Underperform rating on CBOE Holdings, Inc. (NASDAQ: CBOE), but lowered the price target from $63.00 to $58.00.

In the report, Credit...



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Phil's Favorites

Bill Gross: Too Much Debt, Too Many Zombie Corporations, Low Interest Rates Destroy Pension System

Courtesy of Mish.

In an Bloomberg Television interview Bill Gross of Janus Capital spoke with Bloomberg Television's Trish Regan about the outlook for Federal Reserve policy, the U.S. economy and his objectives at Janus Capital.

Key Quotes

  • "Not even thin gruel is being offered to our modern-day Oliver Twist investors. You have to pay to come to the dinner table and then sit there staring at an empty plate."
  • "The interest rate can't be raised substantially even over the next two to three years."
  • "The US has escaped the liquidity trap that euroland and Japan are in. But, not necessarily for all time."
  • "[Low interest rates] keeps zombie corporations alive because they can borrow at 3 and 4 percent, as opposed to the 8 or 9 percent. It destroys business models. It's destroying the pension industry and in the insurance ind...



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Sabrient

Sector Detector: Stocks break out again but may be running on fumes

Courtesy of Sabrient Systems and Gradient Analytics

Despite low trading volume, a strong dollar, mixed economic and earnings reports, paralyzing weather conditions throughout much of the U.S., and ominous global news events, stocks continue to march ever higher. The world remains on edge about potential Black Swan events from the likes of Russia, Greece, or ISIS (or lone wolf extremists). Moreover, the economic recovery of the U.S. may be feeling the pull of the proverbial ball-and-chain from the rest of the world’s economies. Nevertheless, awash in investable cash, global investors see few choices better than U.S. equities.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then ...



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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...

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OpTrader

Swing trading portfolio - week of March 2nd, 2015

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 ...



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Market Shadows

Kimble Charts: Coal

Kimble Charts: Coal

By Ilene 

Chris Kimble's chart for KOL shows a recently beaten down ETF struggling to pull itself up from the ashes. As the chart shows, KOL has recently drifted down to levels not seen since the financial crisis of 2008-9.

Bouncing or recovering with energy in general, coal prices appear to have stabilized in the short-term. Reflecting coal prices, KOL has traded between $13.45 and $19.75 during the past year. Bouncing from lows, KOL traded around 2% higher yesterday from $14.26 to $14.48 on high volume. It traded another 3.6% higher in after hours to $15, possibly related to ...



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Digital Currencies

MyCoin Exchange Disappears with Up To $387 Million, Reports Claim

Follow up from yesterday's Just the latest Bitcoin scam.

Hong Kong's MyCoin Disappears With Up To $387 Million, Reports Claim By  

Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.

If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($129,000) each.

...



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Pharmboy

2015 - Biotech Fever

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

PSW Members - well, what a year for biotechs!   The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down!  The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months.  What could go wrong?

Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my boys...it is time that something is put together for PSW on biotechs in 2015.

Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies.  A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...



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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's this week's Stock World Weekly.

Click here and sign in with your user name and password. 

 

...

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Option Review

SPX Call Spread Eyes Fresh Record Highs By Year End

Stocks got off to a rocky start on the first trading day in December, with the S&P 500 Index slipping just below 2050 on Monday. Based on one large bullish SPX options trade executed on Wednesday, however, such price action is not likely to break the trend of strong gains observed in the benchmark index since mid-October. It looks like one options market participant purchased 25,000 of the 31Dec’14 2105/2115 call spreads at a net premium of $2.70 each. The trade cost $6.75mm to put on, and represents the maximum potential loss on the position should the 2105 calls expire worthless at the end of December. The call spread could reap profits of as much as $7.30 per spread, or $18.25mm, in the event that the SPX ends the year above 2115. The index would need to rally 2.0% over the current level...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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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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