Archive for March, 2014

Comment by David Ristau

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  1. David Ristau

    Brooklyn -

    I don’t know a ton about options. I didn’t see a $9 call, so I think the $10 would be good.







Comment by brooklyn

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  1. brooklyn

    David – what do you think of the medium and long term prospects? Does entering by buying a July $10 call and reducing the cost  by selling an October $10 put for close to a $1 make sense?







Comment by phil

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  1. phil

    Banks/Deano – Whole XLF popped, maybe some leak on the stress tests? 

    SLW/STP, Rookie – What we have left is the Jan $20/25 bull call spread but that was initiated on 2/12.   You are referring to a position from the old STP, which was totally cashed out last year.  If you were sitting on naked $19 calls, that's a very nice gain but shame on you for not stopping out on the drop from $27 back to $25 AFTER I have made roughly 100 calls this month to get back to CASH!!!  

    Austerity/Lunar – It's like that discussion last week we had on facts vs. opinions.  Like Trickle Down Economics, Austerity has been proven not to work over and over and over again – it's a political tool, not an economic solution – yet it benefits the rich and powerful at the expense of the poor so it continues to be used to bludgeon unsuspecting populations.  It's war – just an economic one, where the oppressed are unarmed and unable to fight back and the goal of the rich is to keep it that way.  

    Gates/StJ – OK, I will say that, if I were a Gates kid, I would be pissed if I didn't get at least $1Bn!

    Sushi/Wombat – Goal-oriented trading is the best kind.  If I'm thinking going out for sushi and it's going to be $200 for the family, I like to try to make $200 to pay for it and, if I happen to make more – we go to Nobu and, if I happen to lose $200 instead, then I scrap the plan for sushi and we're even!  My friend and I spend two weeks in Tahoe like that, gambling for every meal and every show, room upgrades, etc. – we went home with more money than we came with and the secret it taking a small win and walking away, rather than doing what most people do – which is play until they lose.

    Like this morning, the RUT made a quick $200 so I'm happy.  The second it turned back up I got out and now we're at 1,190 again so maybe another chance to play (if we get the signals from other indexes).


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Comment by phil

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  1. phil

    SCO April $29/32 bull call spread at $1.10, selling $29 puts for .80 is net .30 – 10 in the Short-Term Portfolio.  







Comment by bobhu

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  1. bobhu

    Hello Phil,
     
    Went to cruise for over 2 weeks and missed the market, got few bad positions, please help… this is few of them:
    Sold RIMM May 70 put, GOOG May 540 Put and BIDU 67 Call, which month and strike should I roll to?
     
    Thanks.







Comment by rookie

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  1. rookie

    Phil// Couple of questions

    (a)  We added a sco naked call in the 25kp in addition to our following existing position.  Not sure if the STP position was closed when you called for all cash.

    March 19th, 2014 at 10:52 am | PermalinkTweet thisIgnore this user

    SCO April $29/32 bull call spread at $1.10, selling $29 puts for .80 is net .30 – 10 in the Short-Term Portfolio.  

     

    (b)  Question of SLW – I guess SLW is falling due to the rest of the market and also based on Yellen's comments on a rate hike earlier than anticipated.  With that being said, is this a good time to roll the slw or wait to see a better price to roll it?  Thanks.  Following is the trade we have left on SLW

    March 20th, 2014 at 5:41 am | Permalink | Tweet thisIgnore this user

    SLW/STP, Rookie – What we have left is the Jan $20/25 bull call spread but that was initiated on 2/12.   







Comment by dougiedd

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  1. dougiedd

    . "It was lights out ever since that moment…"
     
    Lets see:
    Apple rose from 517 to 702 after Einhorns call. 
    Lights out?







Comment by diamond

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  1. diamond

    snow – The 38th parallel was a very important demarcation to China as well.







Comment by RMM

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  1. RMM

    Phil:

    one by one:
     
    JPM, no caller but mar 26 putter,
    action: sell 1x apr 18 call for 2.2$
    and roll mar 26 putter to 2x apr17 for 3.2$, set stop at 20 % gain, comment please.







Comment by shadowfax

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  1. shadowfax

    CNBC is spinning!
    Can’t understand what was so good, smal limprovements but under last year.







 
 
 

Phil's Favorites

The dysfunctional debt ceiling and why we should kill it: 5 questions answered

 

The dysfunctional debt ceiling and why we should kill it: 5 questions answered

Treasury Secretary Mnuchin is taking ‘extraordinary measures’ to avoid busting the debt ceiling. AP Photo/Jose Luis Magana

Courtesy of Steven Pressman, Colorado State University

Editor’s note: The U.S. government maxed out its national credit card in March and has been moving money around ever since to avoid running out of cash. Very soon the Treasury Department ...



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Zero Hedge

This Is Where The Next Recession Will Start: An Epidemiological Study

By Nicholas Colas of DataTrek

(Published at ZeroHedge)

US recessions are like epidemics: they all begin somewhere, and the “tell” is state-level unemployment data. For example, the end of the 2000 dot com bubble hit Connecticut and Massachusetts first – two hubs for the financials services industry with lots of affluent investors to boot. The end of the 2000s housing boom predictably impacted Florida and Nevada before the rest of the country. This time around, the data shows the manufacturing-heavy states of Michigan, Ohio and Indiana are most at risk. No wonder “Dr. Fed” wants to inoculate the region with lower interest rates.

When medical professionals study epidemics, they look for the source of the ou...



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Digital Currencies

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Courtesy of ZeroHedge. View original post here.

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring...

A sea of green...

Source: Coin360

Bitcoin surged back above $10,000...

Ethereum bounced off suppo...



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Kimble Charting Solutions

Silver ETF (SLV) Testing Dual Breakout Resistance

Courtesy of Chris Kimble.

Silver (NYSEARCA: SLV) has been in a bit of a slumber when compared to the price action for Gold (NYSEARCA: GLD).

Precious metals bulls hope that this about to change, as bullish action from Silver is necessary to confirm any bull market / move in metals.

Today’s chart takes a closer look at the Silver ETF (SLV) on a weekly basis. As you can see, Silver is up 5 percent this week alone.

This is good news for metals bulls. But this rally isn’t confirming a breakout just yet.

As you can see in the chart below, SLV has been trading between support (1) ...



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Insider Scoop

Analysts Weigh In On Netflix's Rocky Quarter

Courtesy of Benzinga.

Netflix, Inc. (NASDAQ: NFLX) reported second-quarter results highlighted by an uncharacteristic decline in U.S. subscribers while international subscriber adds missed expectations. Here is a summary of how some of the Street's top analysts reacted to the print.

The Analysts

Mor...



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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

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

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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Chart School

Gold Gann Angle Update

Courtesy of Read the Ticker.

Charts show us the golden brick road to high prices.

GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?

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



The GLD very wide channel shows us the way.
- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
- Aggressive: Tag the 5 year rally starting in 1976 to 2019  and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.

Click for popup. Clear your browser cache if ima...



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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

Excerpt:

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...



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OpTrader

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 ...



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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

...

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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...

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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.

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