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).

continue reading

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?

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


    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 American GI in WWII, uncensored


The American GI in WWII, uncensored

Pfc Elias Friedensohn in June 1945 at the Special Services Distributing Point, Seine Section, Paris, France. National Archives

Courtesy of Edward Gitre, Virginia Tech

I can still recall the exhilaration I felt in the reading room of the National Archives in College Park, Maryland.

It was mid-April 2009. I was scrolling through roll after microfilm roll of the War Department’s “Opinion Surveys Relating to the Morale of U.S. Army Personnel.”

What I had discovered were tens of thousands of statements writte...

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Zero Hedge

The Bulls Continue To Bet On The Fed

Courtesy of Lance Roberts,

Over the last several weeks, we have been discussing the potential for a market correction simply due to divergences in the technical indicators which suggested near-term market risk outweighed the reward. As is generally the case, bonds have been warning the bullish bias of equity investors was likely misplaced. I have updated last week’s chart for reference.

The increase in risks has had us rotating exposure in our portfolios to a more defensive tilt. We previously trimmed back our overweight exposure to Technology, Then, two weeks ago, we noted...

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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...

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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 ...

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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


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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...

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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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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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