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Saturday, July 13, 2024

Phil Davis’ Trade Deals

Phil Davis’ Trade Deals

Phil Davis returns to MoneyTalk to discuss some stocks he’s keeping an eye on.

Here’s a summary with timeline and key points for the second video transcript:

0:00:14 – SQQQ Trade

  • Concerned about market with NYSE below 15K
  • Adding hedge to portfolio with SQQQ calls
  • Buying 100 2025 $20 calls
  • Selling 60 2025 $30 calls
  • Selling 50 Jan 2023 $35 calls
  • Generates $7,500 to help pay for spread
  • $100,000 potential hedge for free

1:30 – Barclays Trade

  • With hedges in place, can start buying again
  • Barclays undervalued, pays nice dividend
  • Buying 5,000 shares at $6.50
  • Selling 50 2026 $5 calls for protection
  • Selling 2026 $7 puts
  • Net $13,250 to enter, stock at $2.65
  • Can make 100% in 2 years if called away
  • Collects $500 dividend per quarter

3:12 – Closing Remarks

 

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