Archive for 2014

Comment by Phil

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  1. Phil

    Ah, 3/6 must be the day we reviewed GOOG as that's the most recent day of trades – it should not have taken me this long to figure that out…

    iPod/Rexx – Would have taken me a lot longer than that!  

    X/Jfaw – Emphasis on the LONG but I do like them for the next 20 years at $20.  

    Dollar topped out at 83.33 but oil can't even hold $93 as the Dollar is pulling back.  I don't know what oil bulls were expecting but it seems like they didn't get it.   I think my public call to short at $93 is affecting them now – huge amounts of sellers at that line and, if those guys listened to me and refuse to buy barrels back, that puts NYMEX crooks on the hook with contracts they can't wriggle out of and that's what can make them freak out as expiration day comes because it's one thing to be assigned a stock and have it delivered to your account but quite another to be assigned 100,000 barrels of oil and have it delivered to Cushing where you have to arrange to pick it up and take it to your point of sale (if you ever do find a buyer for 100,000 physical barrels of oil in a pinch).  Each barrel weighs about 350 pounds, by the way, so bring a back brace!  8) 

    AAPL/StJ – Usually they have a pre-earnings event where they announce stuff.  So far they have only scheduled a developers' conference in March (and you know how important developers are) but they never announce stuff there so we'll have to wait and see what's next on their agenda.  

    Thanks Jabob – all better now. 

    Paper/Rperi – I'll trade you if you watched my developers link.   Actually, I liked that one a lot.  

    Jabob, on the other hand, will be getting an invoice for that one! 

    WFR/Lionel – Dropped guidance on price per watt but they expect watts sold to compensate and are looking at about 5% revenue gains over last year (but they lost money last year).  Also, changing name to SunEdison, Inc. – I don't like that at all.  Anyway, no one thought they would have up

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Comment by stjeanluc

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  1. stjeanluc

    Talk about maxpain on AAPL options holder. This week has been stomach churning. Expiration week is usually volatile, but we’ve got to be closing on a record – Steve Jobs announcement, earnings and today’s dive! Time to reach for the Maalox!

Comment by newt

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  1. newt

    Phil: Thanks.

Comment by Phil

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  1. Phil

    In Fed and Out, Many Now Think Inflation Helps

Comment by Phil

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  1. Phil

    STP - Adjustments Only:  

    • AAPL – Well, we're protecting our $35 spread, which is net $23 at the moment with a short call we sold for $15 so no worries here.  Also, we certainly don't mind buying more long AAPL if it heads higher but don't forget, this short 10 is our only short against about 35 long AAPL contracts in our various portfolios.  So, all we want to do with the short Nov $510 calls ($15.50) is roll them along to the Dec $520 calls ($16.85) and we get PAID $1.35 ($1,350) to push our caller $10 higher.  Isn't this fun?  
    • FAS – We have the short Nov $78 calls and, sadly, FAS jumped up to $80.75 so $2.75 there but we did sell them for $3.30 and, like our short AAPL calls, we can roll them higher and the Dec $80 calls are $3.90 so here we get paid $1,150 to roll our short callers higher.  Rawhide!  
    • SQQQ – We have 40 at $1.20 with the SQQQ Dec $17 calls at .72 and, if we DD then it's $1.92/2 = .96 and the Delta on the $17s is .51 so, if SQQQ even twitches higher, we'll be able to buy back half for .95 or better so let's invest 20 x .72 = $1,440 and that will be our aggressive bearish play into the weekend.  

    LOL – Art Cashin says the Senate did everything but buy Yellen a corsage!  

Comment by mjjwo9b

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  1. mjjwo9b

    Debbie Downer has stepped to the microphone…..

Comment by stjeanluc

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  1. stjeanluc

Comment by gel1

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  1. gel1

    Good reasoning re CROX… Philosopher says "when dating a woman who is not pretty – look beyond to the checkbook balance and the trust fund terms.

Comment by Phil

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  1. Phil

    Facebook launches mobile ad network, gives developers new tools

    02:55 PM ET · FB

    • The Facebook Audience Network, in test mode for some time, will allow app developers to deliver targeted ads based on Facebook (FB +2.5%) data and activity. Banner ads, interstitials, and native ads are supported.
    • Facebook is counting on its data and developer reach to grab a larger chunk of a mobile ad market expected by eMarketer to grow 75% this year, and to stand out relative to rival networks from Google, Apple, Twitter, and Millennial Media, among others.
    • The network was launched Facebook’s f8 developer conference, during which Mark Zuckerberg has declared his company’s motto has changed from “move fast and break things” to the less catchy “move fast with stable infrastructure.” To back up the change, Zuck promises Facebook will now fix any bugs in newly-released code with 48 hours.
    • Facebook, aided by its Parse unit, has also used f8 to: 1) Update its login solution for 3rd-party apps to allow anoynmous logins, and to give users more control over what info they share. 2) Launch, a solution for linking between installed apps.
    • In a Wired interview, Zuck highlights Facebook’s interest in acting as a knowledge source for users, rather than just a sharing source – 5-10% of Facebook posts are questions to friends – and reiterates his interest in having Facebook’s various developer services act as a cross-platform infrastructure for apps. “Right now, you have these different mobile silos … But when someone buys a phone, they don’t want to be limited to just the apps and experiences on that phone.”
    • Shares are up on a day when Twitter is getting clobbered post-earnings.
    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=1709733;s=FB;’+dart_my_vocation_and_profiles()+’ord=’+ord+’;dev=ip?’; document.write(”);

Comment by pstas

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  1. pstas

    /TF- Yodi- in TOS go to the Trade tab and just click on the Bid or Ask prices to place a buy/.sell order.


Zero Hedge

Bloomberg System Goes Down Ahead Of US Open

Courtesy of ZeroHedge. View original post here.

For the second time in a few months, the Bloomberg Terminal system appears to be down and is causing panic across Wall Street ahead of the US market open...

Traders are not happy...

When Bloomberg panels go down 8 minutes before the open......

— NOD (@NOD008) January 17, 2019 ...

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Kimble Charting Solutions

Triple Breakout Test In Play For S&P 500!

Courtesy of Chris Kimble.

Is the rally of late about to run out of steam or is a major breakout about to take place in the S&P 500? What happens at current prices should go a long way in determining this question.

This chart looks at the equal weight S&P 500 ETF (RSP) on a daily basis over the past 15-months.

The rally from the lows on Christmas Eve has RSP testing the top of a newly formed falling channel while testing the underneath side of the 2018 trading range and its falling 50-day moving average at (1).

At this time RPS is facing a triple resistance test. Wil...

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Phil's Favorites

Brexit deal flops, Theresa May survives -- so what happens now?


Brexit deal flops, Theresa May survives -- so what happens now?

Courtesy of Victoria Honeyman, University of Leeds

As the clock ticks down to March 29 2019, all of the political manoeuvring, negotiating, arguing and fighting is coming to a peak. In the two and a half years since the 2016 EU referendum, views on both sides have hardened and agreement still seems as far away as it was the day after the referendum.

With Theresa May’s withdrawal agreement disliked by all sides, and voted down by an unprecedented majority in the House of Commons, everyone is wondering what can and should be done next?


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Digital Currencies

Crypto-Bubble: Will Bitcoin Bottom In February Or Has It Already?

Courtesy of Michelle Jones via

The new year has been relatively good for the price of bitcoin after a spectacular collapse of the cryptocurrency bubble in 2018. It’s up notably since the middle of December and traded around the psychological level of $4,000... so is this a sign that the crypto market is about to recover?

Of course, it depends on who you ask, but one analyst discovered a pattern which might point to a bottom next month.

A year after the cryptocurrency bubble popped


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D.E. Shaw Investment Calls For Leadership Change At EQT

By ActivistInsight. Originally published at ValueWalk.

Elliott Management has offered to acquire QEP Resources for approximately $2.1 billion, contending the oil and gas explorer’s turnaround efforts have done little to lift the company’s share price. The company responded and said that a thorough review of the proposition is imperative in order to properly act in the best interests of shareholders, “taking into account the company’s other alternatives and current market conditions.” The news came only a month after Travelport Worldwide agreed to sell itself to Siris Capital Group and Elliott’s private equity arm Evergreen Coast Capital for $4.4 billion in cash and two months after Athenahealth was bought by Veritas and Evergreen for $5.7 bi...

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Insider Scoop

UBS Says Disney's Streaming Ambition Gives It A 'New Hope'

Courtesy of Benzinga.

Related DIS Despite Some Risks, Analysts Still Expecting Double Digit Growth From Communications Services In Q4 ... more from Insider

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...

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Members' Corner

Why Trump Can't Learn


Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...

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Opening Pandora's Box: Gene editing and its consequences

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


Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.


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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...

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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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