Archive for 2013

Comment by den0

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  1. den0

    K1 – I’ve been tracking the results also. I have to admit that in the first two weeks I tried to get fancy and made a couple of adjustments to the IWM and SPY trades. As it turned out I would have been better off leaving them alone. I mostly followed you on the rolls at opx, except that my IWM short call is at 67 with a basis of 3.70. Given the market action today, I’m not ready to change any of the positions yet. The put spreads are both positive but not outgaining the call spreads. Will reevaluate later this week.
    I also started an XLF trade. Like IWM and SPY I tried some rolls that didn’t work out. Now after leaving it alone at a 20 strike for the past several weeks it is looking better. The XLF trade (@5.15 basis) had a much lower cost of entry than IWM and SPY.  In this trade the put spread is gaining more than the call spread. No change in position anticipated.
    I’m interested to see what the comparative returns are in the long run and I guess the biggest lesson learned here is to leave these trades alone as much as possible and just keep milking the premium.

Comment by jomama

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  1. jomama

    REV, you may want to consider both xle and iwm for covered calls. 51 is bottom of the channel for xle and 59 for iwm. I usualy sell front month 55 calls on xle. thankfully, bp isnt in xle! both of these etf’s offer pretty good premiums within the safety of a etf (less headline risk)

Comment by ilene

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  1. ilene

    I think it may not be the same group of thinkers. Also, keep in mind, that inequality is not in itself horrific, it's the extent and reasons that are upsetting. And the dividing line between "rich" and "everyone else" is very subjective.  

Comment by ilene

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  1. ilene


    Yes, there’s no new information, but I like his writing. – it’s a good rant. 

Comment by David Ristau

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  1. David Ristau

    Jthoma -

    Yeah I was under the impression that a rise in wholesale was good until I stopped and was like wait a second…then read what a higher reading actually means. Glad I read further.

Comment by zerk19

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  1. zerk19

    that`s a nice idea but how can we get rid of it even the market was too bad as bad as my day started?How can i temper from everything?What would be your best suggestion on it?

“France is Not a Cash Cow”; Riots Over Ecotax Continue; Is Anyone Happy?

Courtesy of Mish.

French farmers are still not happy even though French president Francois Hollande decided to roll back the “ecotax” on large trucks following riots last week. Riots continued on Saturday, after the announced rollback.

For the prelude to this story please see my Thursday, October 31, post, Hollande’s Tax Everything Plan Blows Sky High With Riots by Farmers.

French Prime Minister Jean-Marc Ayrault on Tuesday indefinitely suspended the introduction of a green tax on trucks following riots at the weekend in the Brittany region.

The move comes three days after a protest by hundreds of food producers, artisans and distributors in the western Brittany region ended in the worst riots in the area in years.

Indefinite Not Good Enough

The “indefinite rollback” on the “ecotax” (an allegedly environmentally friendly commercial transport, tax on French and foreign vehicles weighing over 3.5 tonnes) was not acceptable to the farmers, artisans and distributors. They demanded a permanent rollback. 

Riots resumed on Saturday prompting French riot police use tear gas on anti-tax protesters.

French riot police fired tear gas at thousands of demonstrators in north-west France on Saturday, after some protesters hurled stones and iron bars at them in a rally against a controversial green tax and layoffs.

Protest organisers said 30,000 people, including hauliers, fishermen and food industry workers, had gathered in the town of Quimper in Brittany to demonstrate against an environmental tax on trucks and layoffs, even though the government had earlier in the week suspended the application of the so-called ecotax.

Authorities estimate that 15,000 people joined in the protest.

Some of the protestors pelted police with stones, iron bars and even pots of chrysanthemum, while others burned palettes. Police responded with water cannons and tear gas.

The prefect of the department of Finistere, Jean-Luc Videlaine, blamed the violence on a “marginal group” of right-wing extremists, who he said were believed to be among the protesters.

On Saturday, protestors marched under banners such as “Right to work”, “Bretons yes, sheep no” and “France is not a cash cow“.

Continue Here

Comment by etradingsignals

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  1. etradingsignals

    Good god David! If you are going to have more plays like SVNT, I might have to extend my subscription for life!

Comment by flipspiceland

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  1. flipspiceland

     Oh…and it’s not representative government AT ALL. Only nominally. Which is about as useful as perforated condom.
    IF it were, K Street would be blown off the map. Corporations would not be permitted to donate to politicians, and politicians would spend the rest of their rotten, corrupt lives in jail for being permitted to trade on inside information.
    Representative government has long ago been hijacked and you should already know that, n’est ce pas?
    Not that a country like the U.S. should even exist.  It’s too large, too diversified, with too many people who don’t, and shouldn’t give a damn about one another after a certain point. 

Comment by SaiRam

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  1. SaiRam

    I am having MU


Zero Hedge

Visualizing How Much Oil Is In An Electric Vehicle?

Courtesy of ZeroHedge. View original post here.

When most people think about oil and natural gas, the first thing that comes to mind is the gas in the tank of their car. But, as Visual Capitalist's Nicholas LePan notes, there is actually much more to oil’s role, than meets the eye...

Oil, along with natural gas, has hundreds of different uses in a modern vehicle through petrochemicals.

Today’s infographic comes to us from American Fuel & Petrochemicals Manufacturers, and covers why oil is a critical mate...

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Phil's Favorites

Assange's new indictment: Espionage and the First Amendment


Embed from Getty Images


Assange’s new indictment: Espionage and the First Amendment

Courtesy of Ofer Raban, University of Oregon

Julian Assange, the co-founder of WikiLeaks, has been charged by the U.S. Department of Justice with a slew of Espionage Act violations that could keep him in prison for the rest of his life.

The new indictment expands an earlier one charging Assange with conspiring w...

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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ... more from Insider

Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...

more from Kimble C.S.

Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!

Alistair Williams Comedian youtube

This is a classic! ha!

Fundamentals are important, and so is market timing, here at we believe a combination of Gann Angles, ...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control


Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...

more from Bitcoin


DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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


DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University


more from Biotech


More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...

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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism


The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...

more from M.T.M.


Swing trading portfolio - week of September 11th, 2017

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


Free eBook - "My Top Strategies for 2017"



Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:


·       How 2017 Will Affect Oil, the US Dollar and the European Union


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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...

Learn more About Phil >>

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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 >>