Posts Tagged ‘COF’

Upside Calls Change Hands On HIG

HIG – Hartford Financial Services Group, Inc. – Shares in the insurer rose 0.60% today to $35.73 this morning before backing off slightly to trade up 0.10% on the day at $35.56 as of 11:15 a.m. EST. Hartford’s shares have increased more than 20% during the second half of 2013, and trading in far out of the money call options on the stock this morning may mean some strategists are positioning for the stock to continue to advance during the first half of 2014.

The Jun ’14 $39 strike calls traded more than 7,000 times near the start of the session against open interest of 1,185 contracts, and it looks like most of the volume was likely purchased at a premium of $1.40 each. Call buyers stand ready to profit at June expiration should shares in HIG rally another 14% over the current price of $35.56 to exceed the breakeven point at $40.40. Shares in HIG last traded above $40.40 back in September of 2008. 

COF – Capital One Financial Corp. – U.S. stocks are moving higher on Friday, with the S&P 500 Index hitting new all-time highs on the heels of data that showed GDP rose at a faster than estimated 4.1% annualized rate in the third quarter. Capital One shares is among the gainers, rising 0.85% during morning trading to $74.27, the highest level since July of 2007.

Activity in Mar ’14 expiry calls options on COF during the first 20 minutes of the session seems to indicate one options player may be positioning for the price of the underlying to extend gains during the first few months of the New Year. The most traded contracts on Capital One by volume this morning are the Mar ’14 $75 strike calls, with more than 4,000 lots in play versus open interest of 1,720 contracts.…
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Options Traders Pounce On Overstock.com Calls As Shares Extend Rally

 

Today’s tickers: OSTK, COF & OSIS

OSTK - Overstock.com, Inc. – Shares in Overstock.com, Inc. are spiking for a second-consecutive session, helped higher today by an upgrade to ‘buy’ from ‘underperform’ at Bank of America-Merrill Lynch. The off-price online retailer rallied 22% to $19.25 this morning, adding to the 36% increase in the price of the underlying during Thursday’s trading session following the company’s better-than-expected first-quarter earnings report released ahead of the open yesterday. Options changing hands on Overstock.com indicate some traders are positioning for shares to extend gains in the near term. Upwards of 1,500 calls have traded at the May $20 strike versus zero open interest, with much of the volume purchased in the early going at an average premium of $0.48 apiece. Call buyers stand ready to profit at expiration should shares in OSTK settle above the average breakeven price of $20.48. Fresh interest is also on the rise in the $20 strike call options expiring in June and September. Positions established in the April $15 strike call and put options yesterday are generating profits for some options players today. Open interest in the $15 strike puts jumped by around 860 contracts overnight, and a review of Thursday’s trading activity indicates most of the puts were sold at a premium of $0.30 each. The puts are now far out-of-the-money, suggesting put sellers are likely to walk away with the full amount of premium received at expiration. Finally, April $15 strike calls purchased yesterday at $0.24 each are today changing hands at $3.90 apiece as of the time of this writing.

COF - Capital One Financial Corp. – Trading traffic in weekly call options on Capital One suggests one or more traders are gearing up for shares in the name to extend gains in the near term. Shares in COF are up more than 6.0% in early afternoon trading to stand at $56.10 after the company reported first-quarter earnings that exceeded analyst expectations following the close of trading on Thursday. Upside call buying in the weeklys…
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Thrill-Ride Thursday – Here We Go Again

SPY 5 MINUTEWheeeeee!

We are just loving these crazy-assed market moves.  Every morning we have a pump job to short into and every afternoon there is a BS stick-save to re-establish our shorts.  It's merely a matter of time before those floors begin to crack.  I mean, really – how much of this abuse can they take?  

Notice, in Dave Fry's SPY chart, the high-volume selling followed by low-volume pumping – that's the very unhealthy pattern the "rally" was built on, which means there really aren't any buyers waiting to scoop up shares when they dip – just Trade Bots that tease the indexes higher so the IBanks can keep pulling in the bag-holders as the "smart money" stampedes for the exits. 

Yesterday was great fun.  As I noted in the morning post, we went short on the Oil Futures (/CL) at $104.50 in our morning Member Chat and even in the morning post there was still time to catch it at $104.  Oil sold off all the way to $102.60 at 2:10 and my 2:14 comment to Members nailed the turn as I said:  

Oil coming right to our goal at $102.50 ($38.50 USO) so let's not be greedy and look to take $1.20 off the table on those 1/2 USO positions in the $25KP and $5KP as it's better to get out while the gettin's good

USO WEEKLYThat's what we mean when we talk about taking non-greedy exits (I had set $38.50 as my USO target for our exit at 11:08 but it didn't look like we'd get it so we got out).  We caught the bottom and got out clean and this morning we got a chance to re-load our shorts at $103.50 on that predictable morning pump.  Sure, you can say the markets aren't fixed and maybe we just have amazingly good timing – either way we make the same money!

We did manage to find a few things we liked, one of which was CHK, as the stock plunged to $17.20 on much ado about not too much as people took issue with the CEO borrowing money to invest in their wells.  We didn't think it was such a big deal and our trade idea at at 10:23 in Member Chat gave us a good opportunity to buy right into the day's…
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Bearish Play In Lululemon Puts Suggests Rally May Sour

Today’s tickers: LULU, YHOO, PCS & COF

LULU - Lululemon Athletica, Inc. – Shares in the maker of high-end athletic apparel jumped 7.5% to $50.55 today after the stock was added to the Conviction Buy List at Goldman Sachs, but one options trade on LULU seems to be saying the price of the underlying may head downward, dog. It looks like the buyer of a 1,000-lot January $43.75/$48.75 bear put spread on Lululemon paid a net premium of $1.24 per contract to position for potential double-digit declines in the share price through expiration later in the month. The spread prepares the investor to profit should LULU’s shares drop at least 6.0% to breach the effective breakeven price of $47.51, with maximum potential profits of $3.76 per contract ripe for harvest in the event the stock declines 13.5% to settle below $43.75 at expiration day. Shares in the apparel retailer dipped below $43.75 as recently as December 15.

YHOO - Yahoo!, Inc. – A massive transaction in Yahoo! options signals confidence in the Internet-media giant by at least one large player following the company’s announcement it has appointed PayPal President, Scott Thompson, to serve as its new CEO. The decision to appoint Thompson did not help shares today, however, with the stock currently down 2.7% at $15.84 as of 12:25 PM in New York. The largest single trade on YHOO today, a one-by-two ratio call spread, suggests the price of the underlying may post limited gains during the first seven months of 2012. It looks like the strategist purchased 20,000 calls at the July $16 strike for a premium of $1.92 each, and sold 40,000 calls up at the July $19 strike at a premium of $0.67 apiece. Selling twice as many $19 strike calls significantly reduces net premium paid on the spread to $0.59 per…
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$25,000 Virtual Portfolio – Week 21 – Goaaaaaaaaaaaaaal!!!

Goaaaaaaaaaaaaaaal!  

We are over our $50,000 mark and right on schedule at the halfway mark!  Not bad considering we began with our aggressive $10,000 virtual portfolio last year, which we ran up to $36,630 – put that $11,630 back in the virtual bank and began this year in February with a $25,000 Virtual Portfolio.

The last major update to our virtual portfolio was back on May 21st.  We do send out Alert updates on a regular basis and discuss the trade ideas daily in Member Chat.  Now we can start July off with a clean $50,000 Virtual Portfolio with the same goal – to double up in 6 months but sticking to the same small allocation hit and run trade ideas that we used (mostly) in the first half.  I urge you to read the original post and the update if you haven’t already to get an idea of what we are trying to learn by following this "hyper-aggressive" virtual portfolio model.  

As promised, it has certainly been a wild ride and our last Alert Update from June 23rd left us off with $95,072 worth of closed transaction and a virtual net balance of $45,972, with about $49,000 worth of unrealized losses in our still-open positions.

Getting that close to goal with a week to go put us in shut-down mode and we didn't do too much trading last week but we did close the following transactions, which amounted to mainly closing out all…
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Road To Commodity Meltdown Paved In Silver Put Options

 Today’s tickers: SLV, COF, DPS & ADI

SLV - iShares Silver Trust ETF – The rebound in investor sentiment following the post-earthquake, fear-driven spike in the Japanese yen was quite remarkable, with global equity benchmarks almost rebounding to February peaks. During that recovery period something critical developed in the currency world that lifted commodity prices to new heights. The debate between FOMC members regarding whether less rather than more stimulus was needed, was eclipsed by the ECB’s reversal of monetary policy, which in turn hobbled the dollar. Demand for commodities took a further step forward as investors swiftly concluded that the dollar was most likely to trail the euro even in a risk-on environment. That has made the cascade in commodity prices all the more spectacular today as growth-sensitive currencies lose favor. The IMF downgrade to growth and Goldman’s warning over a possible stall in the advance has investors targeting downside risk across the commodity field. Silver prices, already at a 30-year high, are likely to stumble further and faster according to a sizable put butterfly strategy on the iShares Silver Trust ETF today. The put ‘fly follows Monday’s massive bearish play on the SLV in which some 100,000 July $25 strike puts were picked up at a premium of $0.10 apiece. The 0.40% decline in the price of the ETF’s shares to $39.05 this afternoon saw the asking price on the July $25 strike puts more than double to $0.21 per contract at times on Tuesday. In contrast, the put’ fly player accelerated the bearish view on the price of silver by targeting May contract put options. The 25,000-lot May $34/$36/$38 bearish butterfly spread positions the player to attain maximum benefits should the price of SLV shares fall around 7.5% to $36.00 by expiration day. The spread cost the trader a net $0.31 in premium per contract, but prepares him to accumulate up to $1.69 per contract if the price of the underlying fund settles at $36.00 at expiration. Nearly 400,000 option contracts have changed hands on the SLV as of 1:15pm in New York.…
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Mixed Sentiment Apparent in Bank of America Options Action

Today’s tickers: BAC, XRT, ZMH, GMCR, COF, YHOO, ZGEN & NYT

BAC – Bank of America Corp. – One massive options transaction on Bank of America today suggests one investor has made a bee-line for the hills. The trader observed ducking for cover appears to be expecting the recent rebound in the price of the financial firm’s shares to come to an abrupt end ahead of September expiration. Shares in BAC climbed 2.1% during the session to pin down an intraday high of $13.49. It looks like the options player sold shares of the underlying stock for approximately $13.35 each and purchased 100,000 calls at the September $14 strike for premium of $0.10 apiece. The trader, who is now short the stock and effectively long a stop loss, seems to be anticipating shares will falter ahead of expiration. Near-term pessimism by one trader was countered by longer-term bullish activity on BAC in the January 2011 contract where it looks like another investor put on a three-legged bullish combination strategy. The options optimist sold 10,000 puts at the January 2011 $12.5 strike at a premium of $0.84 each, purchased 10,000 calls at the January 2011 $14 strike for premium of $1.00 apiece, and sold 10,000 calls at the higher January 2011 $17.5 strike at a premium of $0.16 a-pop. The transaction nets out to $0.00 and positions the trader to make money if shares of the financial services firm rally above $14.00 by expiration day. Maximum potential profits of $3.50 per contract are secure in the trader’s piggy bank if the bank’s shares jump 29.7% to trade above $17.50 by expiration day in January. We note that open interest at each of the strikes described is sufficient to cover each of the three legs of the transaction. Therefore, it is possible that the seemingly bullish trade represents a closing transaction instead.

XRT – SPDR S&P Retail ETF – Options on the retail ETF were some of the most actively traded during the current session. The majority of the 171,000 contracts exchanged on the fund as of 2:50 pm ET were September contract puts and calls, but there were some longer-term positions established today, as well. Shares of the XRT, an exchange-traded fund designed to replicate the performance of the S&P Retail Select Industry Index, earlier rallied as much as 1.35% to an intraday high of $38.71. One big options player hoping…
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Frenzied Bearish Options Activity Ensues as Visa, MasterCard Shares Take a Big Hit

Today’s tickers: V, MA, JPM, COF, EEM, STX, MDC, DPS, MYL & LEN

V – Visa, Inc. – Shares of the world’s largest payments network are down sharply by 7.75% to stand at $68.92 as of 2:55 pm (ET) after Senator Sheldon Whitehouse (D – RI) suggested Monday that the U.S. should cap interest rates on credit cards. Other credit card companies such as MasterCard and Capital One Financial Corp. are also suffering significant share price erosion this afternoon. Bearish options investors flooded the May contract with pessimistic plays, while more optimistic traders appear to be positioning for a rebound in Visa’s share price by June expiration. Investors bracing for continued bearish movement in the price of the underlying stock picked up 3,600 now in-the-money puts at the May $70 strike for an average premium of $1.15 apiece. Buying interest spread to the lower May $65 strike where 1,400 puts were purchased at an average premium of $0.36 each. Finally, uber-bearish traders scooped up 1,290 puts at the May $60 strike – the lowest strike price currently available in the front month – for an average premium of $0.16 apiece. Investors long the May $60 strike puts make money if Visa’s shares plummet 13.15% from the current value of $68.92 to breach the average breakeven point to the downside at $59.84 by expiration on Friday. Bearish traders also ravaged May contract calls, selling roughly 7,000 lots at the May $75 strike to take in an average premium of $0.71 per contract. Investors also shed 2,000 calls at the May $70 strike to receive an average premium of $2.47 apiece. Call sellers retain the full premium received today as long shares of the underlying stock do not exceed $70.00 ahead of expiration. Finally, optimistic options investors are positioning for a rebound in the credit card company’s shares by purchasing 1,800 calls at the June $70 strike for an average premium of $4.71 each. Shares must rally 8.4% over the current price of the stock before June $70 strike call buyers start to make money above the average breakeven price of $74.71. Bullish call buying activity spread to the higher June $72.5 strike where 2,500 calls were picked up for an average premium of $3.64 per contract. Investor uncertainty, as measured by the overall reading of options implied volatility, is net up on Visa today with volatility rising 16.5% to 52.68% as…
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Options on Halliburton Get Messy

Today’s tickers: HAL, IPG, AMGN, BP, COF, FXI, OMX, NEM & FSLR

HAL – Halliburton Co. – Making sense of options activity on oil company, Halliburton Co., this afternoon is difficult due to the chaotic and seemingly pattern-less trading taking place on the stock. Investors exchanged more than 200,000 contracts on HAL by 3:00 pm (ET), which represents approximately 37% of total existing open interest on the stock of 541,062 contracts. Frenzied options trading was catalyzed by news the firm is assisting in ongoing investigations regarding the oil spill in the Gulf of Mexico as HAL reportedly provided a variety of oilfield services to Deepwater Horizon rig, which is the rig that caught fire and sank last week. Options volume and options implied volatility on Halliburton jumped while its shares slipped 6.3% to $31.26. The surge in demand for option contracts on the stock, coupled with uncertainty regarding possible repercussions stemming from HAL’s connection to the situation in the Gulf of Mexico, lifted the overall reading of options implied volatility 25.4% to 44.13% as of 3:25 pm (ET). Trading activity is heaviest in the May contract with decent volume building in both call and put options. Some bearish investors bracing for continued share price erosion purchased about 2,200 puts at the lowest available strike – the May $25 strike price – for an average premium of $0.16 apiece. Buying interest in put options was also apparent at the May $26 strike where 1,800 puts were picked up for an average premium of $0.20 each. May $29 strike puts were the most heavily trafficked as more than 16,700 contracts changed hands by 3:22 pm (ET), versus previously existing open interest of just 2,743 contracts at that strike. But, the put action was certainly not one-sided as investors took to buying and selling the contracts, with buyers gaining the right to sell the stock at $29.00, and sellers receiving an average premium of $0.81 per contract in exchange for bearing the risk of having shares of the underlying stock put to them at $29.00. Similar two-way trading traffic in calls took place at out-of-the-money strike prices as some traders threw in the towel on bullish stances expiring in May. Meanwhile, contrarian players purchased out-of-the-money calls, perhaps to prepare for a potential rebound in the price per share ahead of expiration next month.

IPG – Interpublic Group of Cos., Inc. – Advertising and…
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UnitedHealth Bulls Have a Fever – the Only Prescription is More Call Options

Today’s tickers: UNH, BZH, WFC, GE, XLB, WMT, BAC, COF, HOG, ETFC & STJ

UNH – UnitedHealth Group, Inc. – Health and well-being company, UnitedHealth Group, commenced the trading session in the red after Goldman Sachs Group removed the firm from its ‘Conviction Buy List’. However, UNH is still rated as a ‘buy’ at Goldman, and the company’s shares recovered this afternoon to stand 0.60% higher at $32.73. A fire-storm of bullish activity descended on UnitedHealth during the middle of the trading day. Investors gobbled up April contract call options perhaps to position for continued bullish movement in the price of the underlying shares. Options players purchased 42,600 call options at the April $34 strike for an average premium of $0.87 per contract. More than 50,000 calls changed hands at that strike, which blows the 4,333 contracts of open interest at that strike right out of the water. Investors long the calls are positioned to amass profits should UNH’s shares rally another 6.5% to breach the breakeven price of $34.87 by April expiration. Wild-and-crazy options activity on the stock lifted the overall reading of options implied volatility 5% to 43.06% as of 2:05 pm (ET).

BZH – Beazer Homes USA, Inc. – Single- and multi-family homebuilding company, Beazer Homes USA, attracted bullish options players today amid a 4.65% rally in its share price to $4.95. Beazer was upgraded to a ‘buy’ rating and a target share price of $6.25 at Citigroup yesterday. Plain-vanilla call buying took place at the near-term March $5.0 strike where investor picked up 2,100 contracts for an average premium of $0.14 apiece. Investors long these contracts are hoping Beazer’s shares rally another 4.25% from the current price to surpass the effective breakeven point at $5.14 ahead of expiration on Friday. Optimism spread to the April $5.0 strike as traders coveted 2,200 calls for an average premium of $0.32 per contract. Call-buyers in the April contract profit if shares jump 8% and trade above the breakeven price of $5.32 by expiration day next month. The surge in investor demand for options on Beazer Homes lifted the overall reading of options implied volatility on the stock 15.8% to 61.92% this afternoon.

WFC – Wells Fargo & Co. – The bank holding company’s shares increased more than 0.65% during the session to $30.09, inspiring bullish options activity on the stock. Investors positioning for a continued rally in the price…
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Phil's Favorites

Corporate boards are supposed to oversee companies but often turn a blind eye

 

Corporate boards are supposed to oversee companies but often turn a blind eye

Courtesy of Siri Terjesen, American University Kogod School of Business

A lot of giant companies are getting into big trouble these days.

When Boeing 737 Max aircraft crashed in Indonesia and Ethiopia, killing a total of 346 people in October 2018 and March 2019, the disasters raised serious questions about the safety of the aviation leader’s anti-stall system.

When some 5,000 Wells Fargo employees fra...



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Zero Hedge

iPhone X Sales Collapse Triggers Serious Breach Of Contract With Samsung 

Courtesy of ZeroHedge. View original post here.

In an exclusive, ChannelNews reveals Apple is facing hundreds of millions of dollars in penalty payments to Samsung because iPhone demand has fallen.

Apple "demanded" that Samsung construct one of the world's biggest OLED manufacturing facilities exclusively for iPhone screens.

...



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Kimble Charting Solutions

Wilshire 5000 Creating A Triple Top? An Important Breakout Test Is In Play!

Courtesy of Chris Kimble.

The stock market has been on fire of late, rallying up to the edge of price resistance on several indexes. Today, we look at one of those stock market indexes: the Wilshire 5000.

The Wilshire 5000 tracks all of the stocks in the US market, so it is a broad-based index that carries significant importance when gauging the health of the overall US stock market.

Looking at the long-term “weekly” chart above, it is pretty clear that the index is at an important price juncture.

The Wilshire 5000 spent the last 25 years trading within a rising price channel (1)...



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Insider Scoop

Jefferies Upgrades Deere, Cites 'Significantly Improved Farmer Income Outlook'

Courtesy of Benzinga.

Farmer buying power will remain pressured for 2019, but this will change for the better next year and will help support Deere & Company (NYSE: DE), according to Jefferies.

The Analyst

Jefferies' Stephen Volkmann upgraded Deere from Hold to Buy with a price target lifted from $150 to $190....



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Chart School

Formula for when the Great Stock Market Rally ends

Courtesy of Read the Ticker.

When valuations for the boring water company or the boring electric company is trading like your Facebook, Apple, Amazon or Netflix or Google (ie FANG) you know something is wrong.

This is when a seriously over valued market is screaming at you.

Of course the reader must understand in a world where money printing goes super nuts (Zimbabwe style) the stock market may go hyper inflationary and picking a time frame for a top is never a good idea, but we are not there yet. There is no Ben Bernanke helicopter money to the masses yet (ie MMT). 

To see when water company's (and such like) are nearing the crazy FANG like valuations a review of the Dow Jones Utility Index channel shows us how history can repeat. The c...

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ValueWalk

The "Tesla Killer" Car Is Nowhere In Sight

 

The “Tesla Killer” Car Is Nowhere In Sight

By Jacob Wolinsky, ValueWalk

Here’s some catnip for the Tesla bulls on this email list: my analyst, Kevin DeCamp, a longtime TSLA shareholder and car owner, took a test drive of the Jaguar I-PACE and, while it “looks great and is fun to drive… it is lacking in a few areas where Tesla really shines.” He concludes that “Tesla may end up killing itself, but the “Tesla killer” car is nowhere in sight.”

The Tesla Killer Hasn’t Arrived Yet: My Test Drive of the Jaguar I-PACE

By Kevin DeCamp

As a long-time, devoted Tesla...



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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 ...



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Biotech

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

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

 

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

If you’ve got the raw data, why not mine it for more info? Sergey Nivens/Shutterstock.com

Courtesy of Sarah Catherine Nelson, University of Washington

Back in 2016, Helen (a pseudonym) took three different direct-to-consumer (DTC) genetic tests: AncestryDNA, 23andMe and FamilyTreeDNA. She saw genetic testing as a way...



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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

Excerpt:

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...



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OpTrader

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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Promotions

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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