Archive for January, 2014

Comment by jmm1951

View Single Comment

  1. jmm1951

    Costa Concordia, the stricken cruise liner, is slipping from the rock shelf into the sea, triggering a warning from Italian environment minister that an ecological disaster could follow its sinking.

    http://www.telegraph.co.uk/news/worldnews/europe/italy/9017591/Cruise-disaster-ship-slipping-into-the-sea.html

     
    The ship's fuel tanks are full of diesel. Nice.







Comment by Investwizard

View Single Comment

  1. Investwizard

    Shadowfax, thanks! I also bought a few more puts.







Comment by flipspiceland

View Single Comment

  1. flipspiceland

    This can not be repeated enuff:
     
     
     
    "So, if I have $41,981 to buy 100 shares of AAPL and I expect it to go up 10% this year, I can buy the stock and perhaps hedge my investment (which would eat into my potential profits) and I would need AAPL to go up 13.5% in order to make $5,700 against $21,000 in margin tied up.  On the the other hand, if I sell 2 2014 $300 puts for $28.50, I collect $5,700 TODAY and tie up $6,000 in ordinary margin and my worst case is owning 200 shares of AAPL for net $54,300 so my "risk" is spending $12,319 more than I intended but, for that, I get 100 more shares of AAPL at net $123.19 a share.  If you don't REALLY want to buy 100 shares of AAPL for $123.19 then WHY THE HELL would you be buying 100 shares at $419.81?"







Comment by Phil

View Single Comment

  1. Phil







Comment by angelcur

View Single Comment

  1. angelcur

    GHASTLY// Newt as Torquemada!!!..althoughi think newt would be better at it..so in this dedevilling of candidates would make obama say Saladin?..maybe Abelard?
    All i can say is what a bunch of lousy choices for America including the President..who couldnt run a hot dog stand (but he sure could sell em) i can't see Elder Mitt getting the nod..its a guaranteed loss to the GOP..i  had a single very revealing dealing with him he has been 'smitten by the bump of acquisition"..that intereaction at BCG  showed he wanted no one but himself to succeed and when you were in a room with him (and his hair) the room got smaller fast and he was very distracted. He had a chance to help a kid who had been admitted to 'his' B school.. that kid needed an unpaid internship as part of  fulfilling his admissions requirements..Mitt said no..later someone called me and said he couldnt stand the fact someone had been deferred without an undergraduate degree…he is named for a wonderful man who was a Mormon (of a different calling)..as was his father George..Mitt is a hollow man.







Comment by stjeanluc

View Single Comment

  1. stjeanluc

    Play central banker…

    http://qz.com/158549/put-down-the-xbox-and-play-these-thrilling-games-created-by-central-bankers/

    Apparently this game from the ECB is pretty good:

    http://www.ecb.europa.eu/ecb/educational/economia/html/index.en.html

    Just in case you were wondering what these guys do during the meetings!







Comment by Phil

View Single Comment

  1. Phil

    Verticals/Jomme – It's not very complicated.  Let's say you buy a $40 call for $3 and sell a $45 call for $2 and then you paid net $1 for a $5 spread.  So, if you are wrong, you lose $1 and, if you are right, you win $4 so, if we assume being wrong and being right are random events – you can be wrong 4 out of 5 times and break even.  If you sell the $45 puts for $3 and buy the $40 puts for $2, you get a $1 credit and have made the exact same bet (that the stock will finish over $45) and you are 200% ahead of the game to begin.  Unfortunately though, if we assume your chances of being correct are the same random event, then if you are wrong just one time out of 4 – you blow all of your winnings.  So, buying a vertical – odds 4:1 in your favor, selling a vertical – odds 1:4 against you.  The money you are paid up front is an illusion – it's the payment you get for taking an extreme risk and, like all odds payouts – you are being inadequately compensated for your risk.  That's why we prefer to BE THE HOUSE, and make those inadequate payouts to other fools who think they are smarter than the odds.  This is why the rich get richer – there is always some sucker willing to stick his neck on the chopping block in exchange for a little money up front – try not to be that sucker.  

    As anyone who goes to the track hopefully understands, the odds derived in parimutuel betting are not a joke – they pretty accurately reflect the chance of each horse coming in the money.  You can never be certain and, in any given race the long-shot can win but anyone with a long-shot betting "system" doesn't last very long.  In fact, the entire reason the track exists is because the combined wisdom of a few thousand people who attend a race ends up losing more money than they make on a very regular basis.   Both the Mob and the State love the numbers racket – people love to pick random numbers chasing a big payoff.  Again – it's a


continue reading





Comment by kramer36350

View Single Comment

  1. kramer36350

    SAN ANTONIO, January 17, 2012 – Valero Energy Corporation (NYSE: VLONews) today announced that the company expects to report earnings per share in the range of $0.00 to $0.10 for the fourth quarter of 2011.  Included in this estimate is an after-tax benefit of approximately $161 million, or $0.29 per share, from a year-end LIFO inventory decrement.
    The fourth quarter 2011 results were negatively impacted by weak margins on refined products, particularly for gasoline and petrochemical feedstocks.  In addition, refining margins in the fourth quarter were negatively impacted by reduced discounts for heavy sour feedstocks and the narrowing of prices for West Texas Intermediate versus Brent crude oils, resulting in higher-priced crude oils flowing through the system.
     
    Despite the lower results expected for the fourth quarter, Valero expects to report its highest annual earnings per share since 2008 with full-year 2011 income from continuing operations per share in the range of $3.59 to $3.69, including the LIFO inventory benefit







Comment by stjeanluc

View Single Comment

  1. stjeanluc

    Lots of surprising charts for 2013:

    http://qz.com/157819/26-charts-that-taught-me-something-surprising-in-2013/

    Too many to post but here are a few:

    Good thing we saved the car industry

    Drill, baby, drill….

    This one is a surprise as I though for sure that the US would be on top here!







Comment by Burrben

View Single Comment

  1. Burrben

    @craigzooka 
     
    Thanks, I did know that synthethiclly they are the same.  But from what I understand you would want to look at credit spreads in a high vol environment, and debit spreads in a low vol environment.  I'd rather be long vega, than short vega with what we have going on in the world at this point.   At least that's what I gather from doing reading today…
     
    Phil had another interesting take that I will have to sit down and walk through.  I don't have TOS anymore, and IB doesn't have as clean of a PnL/Risk graph as IB does.  







 
 
 

Zero Hedge

Why Is Maduro Still Pushing The Petro?

Courtesy of ZeroHedge View original post here.

Authored by William Luther via The American Institute for Economic Research,

In a recent Wall Street Journal article, Mary Anastasia O’Grady writes that Venezuela’s “National Superintendency for the Defense of Socio-Economic Rights is reportedly pressuring stores to accept the government’s new digital fiat currency, the petro.” The Venezuelan government claims its digital...



more from Tyler

The Technical Traders

Is The Technology Sector Setting Up For A Crash? Part IV

Courtesy of Technical Traders

As we continue to get more and more information related to the Coronavirus spreading across Asia and Europe, the one thing we really must consider is the longer-term possibility that major global economies may contract in some manner as the Chinese economy is currently doing.  The news suggests over 700+ million people in China are quarantined.  This is a staggering number of people – nearly double the total population of the entire United States.

If the numbers presented by the Chinese are accurate, the Coronavirus has a very high infection rate, yet a moderately small mortality rate (2~3%).  Still, if this virus continues to spread throughout the world and infects m...



more from Tech. Traders

Phil's Favorites

Why Trump's post-impeachment actions are about vengeance, not retribution

 

Why Trump's post-impeachment actions are about vengeance, not retribution

President Trump fired Army Lt. Col. Alexander Vindman for testifying in his impeachment trial. AP Photo/Susan Walsh, File

Courtesy of Austin Sarat, Amherst College

Since the end of his Senate impeachment trial, President Donald Trump has carried out a concerted campaign against ...



more from Ilene

Biotech & Health

Deep learning AI discovers surprising new antibiotics

 

Deep learning AI discovers surprising new antibiotics

A colored electron microscope image of MRSA. NIH - NIAID/flickr, CC BY

Courtesy of Sriram Chandrasekaran, University of Michigan

Imagine you’re a fossil hunter. You spend months in the heat of Arizona digging up bones only to find that what you’ve uncovered is from a previously discovered dinosaur.

That’s how the search for antibiotics has panned out recently. The relatively few antibiotic hunters out there ...



more from Biotech

Kimble Charting Solutions

King Dollar Going To Lose Strength Here? Gold & Silver Hope So!!!

Courtesy of Chris Kimble

Is King$ and the Euro facing important breakout/breakdown tests at the same time? It looks like it in this chart!

The US$ trend remains up, as it has created a series of higher lows since the start of 2018. The opposite can be said for the Euro, as it has created a series of lower highs since early 2018.

The US$ is currently testing the top of its 18-month rising channel, as the Euro is testing the bottom of its falling channel.

What King$ and...



more from Kimble C.S.

Insider Scoop

The Daily Biotech Pulse: Heron Pain Drug Review Extended, Disappointment For Teva In Tourette Syndrome Study

Courtesy of Benzinga

Here's a roundup of top developments in the biotech space over the last 24 hours.

Scaling The Peaks

(Biotech Stocks Hitting 52-week highs on Feb. 19)

  • Adverum Biotechnologies Inc (NASDAQ: ADVM)
  • Akebia Therapeutics Inc (NASDAQ: AKBA)
  • Ana...


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

Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

 

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...



more from Bitcoin

ValueWalk

What US companies are saying about coronavirus impact

By Aman Jain. Originally published at ValueWalk.

With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

Q4 2019 hedge fund letters, conferences and more

Coronavirus impact: many US companies unclear

According to ...



more from ValueWalk

Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Tuesday, 01 October 2019, 02:18:22 AM

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


Comment: Wall of worry, or cliff of despair!



Date Found: Tuesday, 01 October 2019, 06:54:30 AM

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


Comment: Interesting.. Hitler good for the German DAX when he was winning! They believed .. until th...



more from Chart School

Members' Corner

How to Stop Bill Barr

 

How to Stop Bill Barr

We must remove this cancer on our democracy.

Courtesy of Greg Olear, at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia

...



more from Our Members

Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



more from Lee

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.

Promotions

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

...

more from Promotions





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. Contact Ilene to learn about our affiliate and content sharing programs.