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Phil Davis’ Trade Deals

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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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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.

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