Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Stock World Weekly: Fireworks! Our 12 Dow Plays Make $6,720 in 2 Weeks!

$6,720!

Not bad for our little newsletter…  On June 19th, we published this list of 12 bullish trade ideas on the Dow in the weekend edition of Stock World Weekly that are already up $6,720 in just two weeks!  How’s that for value?  

The July $119/116 bear put spread was still at .90 on Monday, well after we flipped bullish (the "Bernanke Bottom" was called by Phil on Thursday Morning, June 22nd and reported in last week’s SWW) so a nickel loss on that side (5% or $50 on 10 contracts), which was well offset by the following gains:  

  • AA July $15 puts sold for $0.63, now $0.09 - up $540 (85%)
  • BAC 2013 $7.50 puts sold for $0.60, now $0.61 – down $10 (1.6%)
  • CSCO Jan $14 puts sold for $0.92, now $0.60 - up $320 (34%)
  • DIS July $37 puts sold for $0.55, now $0.06 – up $490 (89%)
  • GE 2013 $15 puts sold for $1.40, now $1.16 – up $240 (17%)
  • HD Aug $32 puts sold for $0.82, now $0.17 – up $650 (79%)
  • HPQ Jan $31 puts sold for $1.60, now $0.93 – up $670 (41%)
  • INTC Jan 2013 $20 puts sold for $2.71, now $2.24 – up $470 (17%)
  • MMM July $87.50 puts sold for $0.71, now $0.07 - up $640 (90%)
  • MSFT 2013 $22.50 puts sold for $2.75, Now $1.94 - up $810 (29%)
  • VZ 2013 $35 puts sold for $5.10, now $3.82 – up $1,280 (25%)
  • WMT Jan $50 puts sold for $2.05, now $1.43 – up $620 (30%

That’s a total profit of $6,720 on these 12 positions in just two weeks.  As our daily readers know, Phil called for cash on Friday so short-term bullish plays like these were taken off the table as we flirt with potential disaster next week. 

If, however, the weekend goes smoothly and the markets maintain their bullish bent – we have all this lovely cash to deploy next week (and there are two brand new bullish trade ideas in this weekend’s edition of Stock World Weekly) and that BAC play still hasn’t made it’s money yet while GE is up "just" 17% so far – so both of those trade ideas are still ripe for new entries but, as Phil likes to say:  

"Never worry about getting back to cash – I’m sure we’ll find something to trade tomorrow."

Click here for the latest Stock World Weekly: Fireworks

We hope you and your family have a very happy holiday weekend.

All the best, 

Ilene & Elliot 

PSW members, sign in with your user name and password. Non-members, sign up for a free trial, here >


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

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!



Comments (reverse order)


    You must be logged in to make a comment.
    You can sign up for a membership or get a FREE Daily News membership or log in

    Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

    Click here to see some testimonials from our members!


  1. Hi Phil,
    Could you please clarify the latest short put recommendations in the last weekly newsletter?
    (Sell) INTC Aug $22 puts at $0.84 (the last price $0.61, bid: $0.60)
    (Sell) HPQ Aug $36 puts at $1.05 (the last price $0.84, bid: $0.83)
     
    The recommended transaction price could be achieved only if stocks reversed and go down. Is you idea to wait for stocks pull back and enter into those trades at recommended prices?


  2. Picks/Petronick – Those were the prices at the time.  Of course they are subject to change depending on wherever we open.  If it’s less than you wanted – then don’t sell them.  Also, never accept the bid – it’s a BID, you don’t have to accept it, that’s why there’s also an ask price.  Smart people ASK for more money and, if you don’t get the price you want, then you can move on and sell something else – we always seem to find something else to trade, don’t we?  

    Patience is always the key, we look at many, many trade ideas so why should you ever fill one that isn’t giving you a good price.  It may not seem like much but .05 here and there 20 times is a whole dollar’s worth of profits you flush down the tubes if you let them walk all over you every time you enter and exit a transaction.  


  3. Thanks, Phil. Normally I put limit order in the middle between bid and ask and wait till price moves towards me.