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  1. Phil

    Churn baby churn!  300,000 contracts traded 116,000 times so far (much more into close) – all to net out 11,000 contracts since yesterday.  Yet it's not considered a crime…

     

    Click for
    Chart
    Current Session Prior Day Opt's
    Open High Low Last Time Set Chg Vol Set Op Int
    May'13 92.33 93.34 92.33 93.18 14:04
    Mar 22

    -

    0.73 116952 92.45 300278 Call Put
    Jun'13 92.68 93.62 92.64 93.44 14:04
    Mar 22

    -

    0.67 27523 92.77 167962 Call Put
    Jul'13 93.05 93.80 92.89 93.63 14:04
    Mar 22

    -

    0.64 18109 92.99 120731 Call Put
    Aug'13 93.21 93.79 93.01 93.61 14:04
    Mar 22

    -

    0.59 6257 93.02 74083 Call Put

    $93.50 on the button, by the way – back to being too tempting not to short but very risky, of course (/CL).  

    By the way – here's how Obama can break the NYMEX speculators in 30 days if he wants to:

    The SPR has 800Mb of oil in it and we are, in fact, able to deliver them (that's the point) so all he has to do is accept those 300,000,000 barrels worth of orders at $92.50 ($27.75Bn) and then refuse to buy back the contracts.  By the end of the month, traders will either go nuts trying to find buyers (like FCOJ in Trading Places) or they'll be forced to take delivery of 300M extra barrels of oil during May, which would give us average weekly inventory builds of 75Mb.  

    We'd still have 500Mb in the SPR and, realistically, the oil is still in the US – so it's not like we lost it and, if you wanted to be doubly sure you could restock the SPR, we could also hedge with some 2015 Futures, as they are only $86.51 anyway.  

     

    Dec'15 86.90 86.90 86.37 86.46 14:13
    Mar 22

    -

    -0.05 1925 86.51 59264 Call Put

    I think it would only take one or two months of ramming $5-10Bn losses down the throats of the speculators to put a stop to this nonsense and, if oil crashes and we make an extra $15Bn from selling it – that would be nice too.  



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Zero Hedge

Oil's Most Popular Trading Products May Soon Be Shut Down

Courtesy of ZeroHedge. View original post here.

Submitted by Michael McDonald via OilPrice.com,

For most retail investors, buying physical crude oil as a commodity is not an option. Instead, many investors turn to exchange traded notes (ETNs) as a way to speculate on changes in oil prices themselves.

But direct oil investment products like USO have always been dicey as investment choices. More sophisticated investors with big Wall Street banks who have high speed tr...



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David Hume Believed In The Miracle Of Commerce

By The Foundation for Economic Education. Originally published at ValueWalk.

David Hume was one of the most prominent of the Scottish Moral Philosophers. He is particularly famous as a philosophical skeptic, who, in his book, An Inquiry Concerning Human Understanding (1748), questioned whether man’s reason and reasoning ability could successfully apprehend reality with any complete degree of certainty. He also argued that reason followed men’s “passions,” rather than reason being a guide for or a check upon men’s emotions and desires.

Image source: The Blue Diamond GalleryDavid Hume

Hume is also famous for arguing that there is a distinct difference between factual or “positive” statements from ethical or “normative” stat...



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Phil's Favorites

Boeing Responds To Trump

Courtesy of ZeroHedge. View original post here.

Update: Boeing has issued a statement following President-Elect Trump's tweet.

“We look forward to working with the US Air Force on subsequent phases of the program allowing us to deliver the best plane for the president at the best value for the American taxpayer,”  Boeing spokesman Todd Blecher says in e-mail.

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News You Can Use From Phil's Stock World

 

Financial Markets and Economy

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Promotions

Phil's Stock World's Las Vegas Conference!

 

Come join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017.            

Beginning Time:  8:00 am Sunday morning

Location: Caesar's Palace in Las Vegas

Notes

Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)

The more people who sign up,...



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Once In A Lifetime?

Courtesy of Nattering Naybob.

Summary
Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
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  • Referendum Result; Market Reaction
  • Political Reaction; Opposition Party Reaction
Last Time Out
Since the end of World War II, 71 years have passed during which, the "perfect" balance has resulted in 63 different Italian governments, or more often than most change shoes.  Instead of being a real second legislative check, that balance is seemingly a weapon of mass distraction and instrument of political vetoes whi...

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Swing trading portfolio - week of December 5th, 2016

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.

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Inflation indicator testing multi-year breakout cluster!

Courtesy of Chris Kimble.

Some tools are used to measure inflation or lack of. Some look at the price of Crude Oil, Doc Copper or the Commodities Index (CRB) to determine if inflation or deflation is in play. Since 2011, most commodities have created a series of lower highs and lower lows and for many, it has been easier to make the case of deflation than inflation, is in play.

Below looks at another tool, that is often used to determine if inflation or deflation is in play. This tool we are referring too is the TIPS/TLT ratio-

CLICK ON CHART TO ENLARGE...



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Weekly Market Recap Dec 4, 2016

Courtesy of Blain.

The week that was…

The market needed a pause after the frenetic post election rally, and it finally arrived this week.  The pullback was mild as bulls would like.  This week’s “fear of the week” was Italy’s political referendum which happened today… and was rejected.

Italian voters were asked in a referendum to approve changes to the country’s constitution, which have been called the most sweeping since the end of World War II. The proposed reforms would cut the Senate’s size by two-thirds and reduce powers held by the country’s 20 regional governments. Italian Prime Minister Matteo Renzi believes the changes will aid efficiency in parliament.

The reforms could also “make it easier to implement important legislation (such as measure...



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Largest US Bitcoin Exchange Is "Extremely Concerned" With IRS Crackdown Targeting Its Users

Courtesy of ZeroHedge. View original post here.

Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.

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The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...



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Epizyme - A Waiting Game

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

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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Mid-Day Update

Reminder: Harlan 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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