Archive for 2014

Comment by hextra8

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  1. hextra8


    Could you recommend a Jan 14 (weekly) BTO call trade for APOL. Thank You.

Comment by zeroxzero

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  1. zeroxzero

     Phil's Wiki advice, reiterated on the board the other day, to the effect that "if a trade goes against you, you were wrong, get out" have proven very useful this week.  Strange how your luck picks up when you bail very quickly out of red trades and stick to green ones.  Hope, as I wrote a long time ago, is not a strategy.  Funny it took me so long to internalize what I have always followed in my alternate pursuits [like being lost in the mountains at dusk -- don't wander around, hoping to pick up the trail, and fall off a mountain -- find cover and collect some firewood!]

Comment by wombat

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  1. wombat

    Phil / TZA
    I'm finding it difficult to stay on the same page with the TZAs. I am still holding July spreads in most portfolios. I don't have a long-term and short term port separated ; so when you mentioned getting rid of all the TZA in the recast – were you just referring to those that are playing the short term ?

Comment by phil

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  1. phil

    Rolling down/Wombat – That's a good point too.  Craigs, you are looking at "just" 2 years of options.  When we get to 2016 and ISRG is at $300 and our short puts are $50 in the money, we can either take the assignment and sell 2018 puts and calls to reduce our basis or we can roll to the 2018 $250 puts for about the same $50 or we can just pay the $50 ($5,000) and take the loss though, if we netted back $6,000 from the SDS spread back in 2014 plus the original $1,100 credit - it wouldn't be a loss at all.  In 2018 we can roll to the 2020 $200 puts, etc. – That's another thing that's hard to teach… the LONG-TERM Perspective.  

Comment by craigsa620

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  1. craigsa620

    ISRG/Phil-Thanks again. I get it! I actually must have had a brain fart because I forgot for a moment that we collect the premium while we wait for the stock to get to a price we like or just expire worthless. Get greedy and try to collect too much premium and we end up owning the stock at a price that could be too high in this market. How great is it that we can get paid and the outcome is either owning a good stock at a reasonable price, or having the option just expire? Yes, I get it! 

Comment by DKGuy

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  1. DKGuy

    Drugs and Alcohol – Having been raised by an alcoholic father I know the down side of living with the problem first hand. The entire question of legalizing drugs is one that scares the heck out of me since folks already have such a tough time dealing with the effects of those drugs and prescriptions of substances that are already legal.
    Due to my background my wife and I have spent many hours volunteering in shelters for abused women and children many of which have been victims of addicts and to see the affects on the innocent kids is not just alarming it is devastating. I’m affraid the issues of child abuse will only get worse. 
    My wife and I are not prudes by any means and enjoy a very fine wine cellar and have done tasting trips to California and Europe but again there needs to be a discipline and maturity exercised that unfortunately so many have yet to acquire. Not to say we are any better but we have seen what can go wrong and what is at risk.
    Folks the down side is already horrible. It scares me ot think that it could get worse.  

Comment by yodi

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  1. yodi

    Phil the put you suggested is now only 1.42

Comment by phil

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    Taco Bell on to phase two in breakfast blitz

    08:00 AM ET · YUM

    • Execs with Taco Bell (YUM) say the company is on to phase two with a marketing campaign designed to promote its new breakfast menu.
    • The next round of TV commercial will position the food chain as the “next generation” for breakfast after the first spots took dead aim at McDonald’s.
    • The company says response for its A.M. Crunchwrap, Waffle Taco, and Cinnabon Delights items has been strong. New breakfast products still to debut at Taco Bell include yoguer parfait, oatmeal, and premium coffee drinks.
    • Fast-food breakfast war timeline
    var isMC=true; var adSize=’320×50′; var ord = Math.floor(Math.random()*10e12); var seekingalpha_ad_src=’;sz=320×50,320×250;x=x;tile=1;d=mobile;t=app;mcid=true;mcid=1664543;s=YUM;’+dart_my_vocation_and_profiles()+’ord=’+ord+’;dev=ip?’; document.write(”);

Comment by phil

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    Congress is a millionaires’ club. Why that matters, and what we can do about it.

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    From Bloomberg, Jan 27, 2014, 3:02:17 AM

    Sony Corp. (6758) had its credit rating cut
    to junk at Moody’s Investors Service, which cited challenges
    facing its television and personal-computer units.

    To read the entire article, go to
    Sent from the Bloomberg iPad application. Download the free application at


Zero Hedge

Auto Shares Surge As Fiat, Renault Confirm Merger Talks

Courtesy of ZeroHedge. View original post here.

With President Trump in Japan for a state visit and most of Europe headed to the polls to vote in the quinquennial EU Parliamentary elections, there was enough news to keep market watchers occupied during what was supposed to be a quiet holiday weekend in the US. 

But on top of these political headlines, on Saturday afternoon, the news broke that Italian-American carmaker Fiat Chrysler had approached France's Renault with a merger proposal that would leave the shareholders of each carmaker with half of the combined company, in a tie-up that would create the world's third-largest au...

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Phil's Favorites

Trump and the problem with pardons


Trump and the problem with pardons

Courtesy of Andrew Bell, Indiana University

As a veteran, I was astonished by the recent news that President Trump may be considering pardons for U.S. military members accused or convicted of war crimes. But as a scholar who studies the U.S. military and combat ethics, I understand even more clearly the harmful long-term impact such pardons can have on the military.

My researc...

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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...

more from Kimble C.S.

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 ...

more from Bitcoin


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


more from Biotech


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...

more from M.T.M.


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 ...

more from OpTrader


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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