19.5 C
New York
Friday, May 17, 2024
HomeNews
News

Comment by Phil

By Single Comment
0
11
psw-placeholder
psw-placeholder

View Single Comment

  1. Phil
    April 4th, 2012 at 10:11 am

    Commodities/Dpast – I think oil can go much lower.  It's dangerous to short into May but I do like the SCO July $30/36 bull call spread at $3, selling the April $35 puts for $1.30 for net $1.70 on the $6 spread and you either have to roll the short puts (SCO now $35.25 with oil at $102.90) or sell new ones to further reduce the basis.  Meanwhile, it's the kind of trade that, if it moves against you, you can roll and adjust so great fun and excitement if you scale in.  If we have a big crash, those GLL calls in the $25KP are good too.  

    TLT/$5KP, Yshen – I see .66, which is a nice one-day gain off .57 (17%) but really it's just "on track" I think as the risk of loss is not so much that we shouldn't want to play for that extra .34 (50%) in 12 more trading days.  

    USO/Savi – Proper conservative way to play.  I'm going with my gut and leaving them on.  

    IWM/Star – I'd take them as a momentum trade over $82 ($82.20 now) and the weekly $81 calls  have very little premium at $1.25 but, at this exact moment, I would wait until they prove they can hold the line because it still feels down to me.  



Stay Connected

157,204FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024