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

Coronavirus: the blow to the Chinese economy could be felt for years

 

Coronavirus: the blow to the Chinese economy could be felt for years

Courtesy of Chusu He, Coventry University

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the definition for diagnosing people, there were falls in the region of 1% in European markets, and smaller retrenchments in Asia and North America.

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Biotech & Health

Coronavirus: the blow to the Chinese economy could be felt for years

 

Coronavirus: the blow to the Chinese economy could be felt for years

Courtesy of Chusu He, Coventry University

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the definition for diagnosing people, there were falls in the region of 1% in European markets, and smaller retrenchments in Asia and North America.

It is...



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Zero Hedge

China Adopts 'Cultural Revolution-Style' Social Controls To Crush Outbreak As Death Toll Nears 2,000

Courtesy of ZeroHedge View original post here.

Summary:

  • Taiwan reports 1st coronavirus death
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  • Hubei health officials report 1,933 new cases, 100 new deaths
  • Taiwan taxi driver who died from virus carried passengers from mainland, Hong Kong, Macau
  • Singapore reports 3 more cases
  • Total cases aboard 'Diamond Princess' climbs to 355 as US prepares to evacuate citizens
  • Indonesia says 6 passengers from Westerdam cruise ship tested negative
  • There are now at least 68,500 cases worldwide, and at least 1,665 de...


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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

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The Technical Traders

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

Courtesy of Technical Traders

One thing that continues to amaze our research team is the total scale and scope of the Capital Shift which is taking place across the globe.  For almost 5+ years, foreign investors have been piling into the US stock market chasing the stronger US dollar and continued advancement of US share prices. It is almost like there is no other place on the planet that will allow investors to pool capital into such a variety of strong assets while protecting against foreign capital risks.  Yet the one big question remains – when will a price reversion event hit the US stock
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So many researchers, even our team of researchers, believe we have found the keys to unloc...



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Kimble Charting Solutions

Joe Friday Says Germany (DAX) Could Rally 30%, Happy Valentines Day For The Bulls!

Courtesy of Chris Kimble

German DAX Index “weekly” Chart

The German DAX is one of the more important global stock market indices, as it represents the largest economy / market in the Euro Zone.

So it would be a real treat for the bulls to see this stock market index breakout as we celebrate Valentine’s Day.

The facts, Ma’am. Just the facts; The German DAX looks to have formed a bullish ascending triangle over the past 3 years and it is currently attempting to breakout above the top at (1)....



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Insider Scoop

Nissan Shares Tumble To Decade Low After Q3 Earnings Miss

Courtesy of Benzinga

The shares of Nissan Motor Co. Ltd. (OTC: NSANY) dropped to a decade low on Thursday after the company missed third-quarter earnings estimates and significantly cut its annual forecast for the financial 2019 year.

What Happened

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ValueWalk

Russell 2000 Index (RUT) hits an almost one-month high

By Gorilla Trades. Originally published at ValueWalk.

Ad the Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, commenting on today’s trading Gorilla Trades strategist Ken Berman said:

Q4 2019 hedge fund letters, conferences and more

Russell 2000 Index (INDEXRUSSELL: RUT) Outperforms Large-Cap Benchmarks

While the overnight session was nothing short of scary stocks held on to most of yesterday's gains and small-caps even extended their winning streak. The Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, finishing higher for the fourth day in a row while outperforming the large-cap benchmarks, and since the Volatility...



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Dow theory warning from the Utilities Index

Courtesy of Read the Ticker

Charles Dow died in 1902, and the investors should thank him for his ever lasting Dow Theory Analysis.

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Digital Currencies

Bitcoin Price May Hit $27K All-Time High By Summer, Predicts Fundstrat's Tom Lee

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Bitcoin is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media. 

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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,

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How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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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.

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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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