Posts Tagged ‘DTG’

Bullish Options Combo Player Foresees Rally in Goldman Sachs’ Future

Today’s tickers: GS, BA, RHT, DTG, DELL, ISLN & WHR

GS – Goldman Sachs Group, Inc. – A three-legged bullish options combination play initiated on Goldman Sachs this afternoon indicates one strategist is positioning for a sharp rebound in the price of the underlying stock by October expiration. GS shares, unable to hold onto gains realized earlier in the session, are currently down 0.65% to arrive at $147.27 just after 3:30 pm ET. It looks like the options optimist sold puts in order to partially finance the purchase of a debit call spread. The investor shed approximately 2,000 puts at the October $135 strike for an average premium of $2.74 each, purchased roughly the same number of calls at the October $150 strike for an average premium of $5.46 apiece, and sold about 2,000 calls at the higher October $160 strike at a premium of $1.89 a-pop. The average net cost of the transaction is reduced to just $0.83 per contract. Thus, the options player responsible for the trade is positioned to make money as long as Goldman’s shares rally 2.4% over the current price of $147.27 to surpass the average breakeven price of $150.83 by October expiration day. The trader may accumulate profits of up to $9.17 per contract if GS shares surge 8.6% to trade above $160.00 at expiration in a couple of months. Goldman Sachs’ shares last traded above $160.00 back on April 29, 2010.

BA – Boeing Co. – The second-largest U.S. satellite maker attracted the attention of one bullish options player this afternoon perhaps on news the firm expects to receive a minimum of $2 billion of orders for military communications satellites from a Defense Department contract announced in the previous week. Boeing’s shares slipped 1.95% to $63.34 in late afternoon trading, but the price erosion did not deter one trader from initiating a bullish risk reversal on the stock. It looks like the investor sold 7,000 puts at the October $60 strike for an average premium of $1.83 each in order to buy the same number of calls at the higher October $70 strike for premium of $0.95 apiece. The risk reversal was tied to the purchase of some 371,000 shares of the underlying at a price of $63.94 each. The responsible party received a net credit of $0.88 per contract on the reversal play. The investor is long the stock, short put…
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Monday Markets – Is Momentum Shifting?

We're still trying to get bullish, really we are

Yes we are reluctantly bullish and only technically bullish at that.  All we are asking of the markets is for them to take out our very simple levels and hold them for more than a day or two.    Those levels are (and have been since early September):  Dow 10,087, S&P 1,096, Nasdaq 2,173, NYSE 7,204 and Russell 623.  These are, according to the 5% rule, the levels we need to hold in order to establish a floor in the markets that justifies setting higher upside targets.  If they cannot be crossed, then these REMAIN our upside range targets and we need to start seriously considering the possibility that we may still get a pullback to Dow 9,650, S&P 1,020, Nas 2,075, NYSE 6,900 and Russell 575.

As I mentioned last week (and noted on David Fry's IWM chart), the Russell was the first to fail our 623 mark and will be our canary in the coal mine as they test 595, which is the 50 dma.  A failure there and the markets have little support all the way down to our June highs, our original breakout levels of Dow 8,650 and other levels you don't even want to think about on a Monday. 

$2.66 is another level we don't want to think about.  That's the average price of regular gasoline this weekend.  Despite 10% lower demand than last year when December gasoline averaged $1.66 a gallon.  What's a dollar a gallon between friends right? 

Well, actually since US consumers use 63M barrels of gas each week, and a barrel happens to be 42 gallons, it happens to be about $10.5Bn a month taken our of consumer's pockets.  That's cash, after-tax money – gone!  Money they won't be able to give to all those nice Russell companies for Christmas this year.  Remember how much that $160Bn stimulus helped the economy last year?  How much do you think a $120Bn mugging hurts the economy this year? 

The timing couldn't be worse – last year, gas prices flew down and helped people make it to the mall for Christmas, this year already – as we can see from Amazon's great quarter, many people will be skipping the malls and buying on-line.  With 10% of the workforce…
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Zero Hedge

$1 Billion Worth Of Cocaine Seized At Philadelphia Port

Courtesy of ZeroHedge. View original post here.

Several thousand traders on Wall Street may be extra jittery tomorrow when the FOMC announcement hits at 2:00pm. The reason: shipping containers full of illegal drugs - mostly blow - were found and seized at a Philadelphia port in what authorities described as the largest seizure in the region's history. Back in March we reported by what at a time seemed like a giant haul when a ton and a half of cocaine seized at the port of New York and New Kersey, in what was describe...



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Phil's Favorites

With cryptocurrency launch, Facebook sets its path toward becoming an independent nation

 

With cryptocurrency launch, Facebook sets its path toward becoming an independent nation

The world’s newest country? railway fx/Shutterstock.com

Courtesy of Jennifer Grygiel, Syracuse University

Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by hug...



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Kimble Charting Solutions

Consumer Staple and Yields about to send key message to stocks?

Courtesy of Chris Kimble.

Could the Staples sector and the yield on the 10-year note be on the verge of sending an important message to the stock and bond markets? It sure looks that way.

Staples ETF (XLP) is currently attempting to break above the January 2018 highs at (1). If it does, it would be a breakout of the trading range that has been in play for the past 18-months, as it looks to have created a double bottom last year.

The yield on the 10-year note (TNX)  has declined nearly 35%, since pea...



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Insider Scoop

30 Stocks Moving In Tuesday's Pre-Market Session

Courtesy of Benzinga.

Gainers
  • Moneygram International Inc (NASDAQ: MGI) rose 128.3% to $3.31 in pre-market trading after the company reported a strategic partnership with Ripple. Blockchain payments firm Ripple has made an investment in MoneyGram and will also allow the group to use its XRP cryptocurrency as part of the cross-border payments process. Ripple made an initial investment of $30 million in the money transfer company, made up of common stock and a warrant to purchase common stock. Ripple purchased newly-issued common stock including the shares underlying the warrant from MoneyGram at $4.10 per share.
  • Blue Apron Holdings, Inc....


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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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Chart School

Silver Review

Courtesy of Read the Ticker.

The folks in the federal reserve will debase the US dollar currency to an extreme degree silver will finally lift off the floor.. 

Note: Readers should re watch the silver back screen news video, here.

The following video looks at price action and Wyckoff logic.

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If gold moves, silver wi...

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Digital Currencies

Cryptos Are Crashing As Asia Opens, Bitcoin Back Below $8k

Courtesy of ZeroHedge. View original post here.

Having survived the day's bloodbath in US tech stocks, cryptos are crashing in the early Asian session, apparently playing catch-down to the day's de-risking.

While no catalyst is immediately evident, there are some reports noting 13 large global banks are preparing to launch digital versions of major global currencies next year, though we suspect this drop was more algorithmic that fundamental-driven.

...



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ValueWalk

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

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:

 

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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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