Posts Tagged ‘gulf oil spill’

BP’s Crude Oil May Be Radioactive

BP’s Crude Oil May Be Radioactive

Courtesy of Washington’s Blog

New Orleans attorney Stuart Smith knows something about radiation from oil drilling:

Smith is well known for his role as lead counsel in an oilfield radiation case that resulted in a verdict of $1.056 billion against ExxonMobil for contaminating land it leased from the Grefer family in Harvey, Louisiana –– and attempting to cover it up.

***
The court stated that from June 1986 to March 1987, “Exxon officials intentionally withheld information,” and that the company “knew the [radioactive] scale posed a direct danger to the physical health of those workers.” Oilfield waste, or TERM, is primarily composed of radium, a highly radioactive chemical element. Exposure to radium is known to cause a variety of devastating illnesses, including cancer. Radium’s impact on the human body is particularly acute because it is similar chemically to calcium –– and as such is frequently absorbed into bones after entering the body.

But at least there’s no radiation being released from BP’s oil spill in the Gulf, right?

Well, as Smith wrote on August 4th:

This is directly from the EPA website discussing oil drilling activity:

“These processes may leave behind waste containing concentrations of naturally-occurring radioactive material (NORM) from the surrounding soils and rocks. Once exposed or concentrated by human activity, this naturally-occurring material becomes Technologically-Enhanced NORM or TENORM. Radioactive materials are not necessarily present in the soils at every well or drilling site. However in some areas of the country, such as the upper Midwest or Gulf Coast states, the soils are more like to contain radioactive material.”

“Radioactive wastes from oil and gas drilling take the form of produced water, drilling mud, sludge, slimes, or evaporation ponds and pits. It can also concentrate in the mineral scales that form in pipes (pipe scale), storage tanks, or other extraction equipment. Radionuclides in these wastes are primarily radium-226, radium-228, and radon gas. The radon is released to the atmosphere, while the produced water and mud containing radium are placed in ponds or pits for evaporation, re-use, or recovery.”

“The people most likely to be exposed to this source of radiation are workers at the site. They may inhale radon gas which is released during drilling and produced by the decay of radium, raising their risk of lung cancer. In addition, they are


continue reading


Tags: , , , ,




Gulf Coast: Dead Oysters, Dead Jobs, Dead Policy

Gulf Coast: Dead Oysters, Dead Jobs, Dead Policy

dead oysters, gulf oil spillCourtesy of Mish 

Yahoo!Finance reports Federal policy created a Perfect Storm for Louisiana’s Economy.

In the blink of an eye, the economic focus in Louisiana has shifted from recession recovery to avoiding actual and potential job losses piling up at a staggering rate.

And there’s very little that the state can do: The tally is due to the Obama administration decisions affecting petroleum, defense and space — all coming together in a perfect storm.

Last Tuesday, Northrop Grumman Corp., faced with tighter Pentagon spending and Obama administration priorities aimed at Afghanistan and away from the Navy, said it would shut its Avondale shipyard — the state’s largest industrial employer with about 5,000 workers — in early 2013 after two military ships are finished.

Another source of misery is the deepwater petroleum drilling moratorium in the Gulf of Mexico. The six-month "pause" that the Obama administration insists on could kill the drilling business off the Louisiana coast for years, industry and government officials warn.

Of the 33 deepwater rigs in the Gulf when the Deepwater Horizon exploded, two found new long-term homes in Egypt and off the coast of Africa within a week — just as the industry promised would happen.

Louisiana State University economist James Richardson said a six-month moratorium could slash 18,000 to 20,000 jobs. With that prediction, consider that the entire state, at the lowest point of the post-2008 economic meltdown, had lost about 49,000 jobs.

The oil spill already has had a well-documented effect on fishing and tourism along the coast. Quantifying a number is difficult — the first state jobs report since the moratorium and the full arrival of the spill is due out July 23 — but state officials already have warned that it won’t be pretty.

Then there’s the end of the space shuttle program. Earlier this month, the last external fuel tank expected to fly rolled out of the Lockheed Martin Corp. operation at the NASA Michoud Assembly Facility in New Orleans. By the end of September, only about 200 workers will still be around from a payroll of 2,700 in 2008 and 5,000 during the mid-1980s.

The Oysters are Dead

Please consider this video regarding oyster harvesting in the gulf.

Alternative link: http://www.youtube.com/watch?v=Larp-93rWp0

Oysters are bottom feeders and concentrate pollutants. Even if the oysters were not dead,


continue reading


Tags: , , , ,




Oil Spew Update: Where’s The Doom?

Karl Denninger separates fact and fiction in the Gulf Oil Spill story. 

Oil Spew Update: Where’s The Doom?

RACCOON ISLAND, LA - JULY 15: Pelicans are seen atop a piece of a destroyed boat July 15, 2010 at Raccoon Island, Louisiana. Biologists say at least 300 pelicans have been smeared with oil on the island, which is the largest nesting area for seabirds on the coast of Louisiana. BP is testing a new oil cap, and is temporarily allowing oil to leak from a second pipe as part of preparations for closing the valves to see if the cap can withstand the pressure and stop the flow of oil into the gulf. (Photo by Mario Tama/Getty Images)

I was promised an earth-shattering ka-doom!

Well, not really.

And the spew is not, in fact, funny.

But what’s even less funny is the number of people who have come completely unhinged with their "imminent death of everything and everyone" nonsense.

Let’s go down the list of the some of the better ones:

Everyone who worked on the Exxon Valdez spill is dead (or alternatively, that across the entire population of those who worked on the Valdez spill, the average age of death is 51.)

Really? Can you source that? I’ve been trying. Yeah, I’ve found the claim – 10 seconds with Google finds it. It’s been repeated everywhere. CNN had an alleged "expert" on who made the 51 year life expectancy claim – "almost all who worked on the Exxon Valdez cleanup are now dead."

Can I find an actual documented source for the claim? Nope. And I’ve tried to find it. No luck.

The same interviewee claimed that the components of the dispersent, Corexit, were not disclosed.  This we know to be false; there are two formulations and we know what’s in them.  The nastiest component is called "Butyl Cellusolve", and is indeed a nasty chemical solvent.  The question is concentration; incidentally, you can buy cleaning solutions containing butyl cellusolve at Home Depot, among other places.  I don’t recommend drinking it.

All of these claims appear to be traceable to one so-called self-identified "expert."  If she has actual evidence, such as a roster of all the people who worked on the Exxon Valdez, their ages, and the disposition of their health (and death, as she alleges) then let’s have it.  This sort of extreme claim requires strict proof.  Period.

There is a second well that BP (and/or Diamond Offshore) is hiding that is the real leak that is five (or alternatively seven) miles away; this is a sideshow and they can’t plug either.  The pressures are off the charts, never encountered before.

Really?  Then how come they just did plug the well?  Off the charts?  About two weeks ago there was a pressure gauge on one of the downhole lines, and it read 7,000 psi.  The water at that depth exerts ~2,000 psi.  If this was an absolute gauge (probably true) then the in-bore relative pressure (relative to the sea floor) was…
continue reading


Tags: , , , , , , ,




Something Broke: Containment Cap Removed From BP Oil Leak After Problems Encountered; Massive Increase In Spill Rate

Something Broke: Containment Cap Removed From BP Oil Leak After Problems Encountered; Massive Increase In Spill Rate

Courtesy of Tyler Durden

This is bad to very bad. Coast guard reports two deaths have occurred in the containment effort. Not all is lost – in what probably shouldn’t pass for an attempt at humor yet achieves precisely that, the US coast guard said the oil flow is not completely unrestrcited, and some oil was being burned off on the surface. Nothing like a little oil rain for the already happy happy gulf region.

Click on image for live view

Watch live streaming video from wkrg_oil_spill at livestream.com

Tags: , , ,




Another Blown Crisis Triggers a Classic TBP Post

Another Blown Crisis Triggers a Classic TBP Post

Courtesy of Joshua M Brown, The Reformed Broker 

Take the 5 to 10 minutes necessary to read Barry Ritholtz’s version of how Obama’s Oval Office address should have gone (link below).

ripped the address to shreds an hour after it aired as I found the President uninspiring, incredibly non-specific and completely unaware of how much power comes to the Chief in times of crisis.

This President has a chance to make sweeping energy, regulatory and campaign finance reforms now.  Like, today.  His address the other night tells us that he has no such inclinations.

Barry has a list of initiatives that should have been front and center and it’s an instant classic post.  Many of them are idealistic, but you gotta aim high if you want to save the democracy.

Me, I’m a bit more cynical.  I’d say the downfall of our country can be neatly summed up in the image below and everything it represents…

OK, enough of that.  Here’s how The Big Picture would’ve tackled this crisis and moment in time…

Missed Opportunity: BP Gulf of Mexico Disaster (TBP)


Tags: , , , , , ,




Oil Drilling Liability Cap Led To The Gulf Spill

Oil Drilling Liability Cap Led To The Gulf Spill

Courtesy of Jeff Harding, The Daily Capitalist 

oil spill

I never ever thought I would agree with Nancy Pelosi on anything, yet here it is:

U.S. House Speaker Nancy Pelosi said Congress should consider eliminating any cap on the damages a company such as BP Plc might have to pay for harm caused by oil spills.

“There is a movement afoot in Congress for that. Why have a cap?” Pelosi said in an interview on Bloomberg Television’s “Political Capital with Al Hunt” to air this weekend.

Pelosi had previously voiced support for a proposal under consideration to raise the existing $75 million cap to $10 billion for economic damages caused by each environmental disaster. After being thwarted March 13 in the Senate, backers of that legislation have vowed to renew efforts to win passage.

“You would hope that there would not be more than $10 billion of damage, but understand it is for each episode,” she said. Asked about eliminating the cap altogether, Pelosi said: “I think it’s worthy of looking at.”

I’m not against Big Oil, Little Oil, or anyone in the Oil Patch, but the liability cap is just another example of how industry uses the government to gain market advantages at the expense of someone else. In this case it is the Gulf Coast inhabitants and those that live off of that huge resource.

As I understand the law, BP is responsible to pay 100% of the cost of the clean-up. What the liability cap does is to cap economic damages to $75 million. What that means is if anyone suffers a loss of income or property as a result of a spill, BP is only obligated to pay $75 million even though the losses may be in the billions. That is not right.

Businesses seeking advantages from legislators is not news. While lobbying is often a proper and necessary response of business to legislation that would be harmful to them, it is a two-edged sword when they try to gain economic or competitive advantage. Our history is full of examples, most recently, tire import tariffs. While it is right to condemn business for this we should blame legislators who have the primary duty to act…
continue reading


Tags: , , , ,




Simmons Says Obama Should Detonate Nukes to Seal Oil Leak; Obama Suspends Deep Water Drilling Programs; Scientists Locate Another Vast Oil Plume

Simmons Says Obama Should Detonate Nukes to Seal Oil Leak; Obama Suspends Deep Water Drilling Programs; Scientists Locate Another Vast Oil Plume

Courtesy of Mish

BP uses Top Kill method to try to stop oil leak in the Gulf of Mexico

News in the gulf regarding BP’s oil leak is grim. The "Top Kill" plan has reportedly failed although BP says it will continue efforts.

Worse yet, Matt Simmons says "Top Kill" is a sideshow, misses the big problem, and we might need nukes to seal the leak.

Let’s take a look at those stories starting with BP Engineers Making Little Headway on Leaking Well.

BP engineers struggled Friday to plug a gushing oil well a mile under the sea, but as of late in the day they had made little headway in stemming the flow.

Amid mixed messages about problems and progress, the effort — called a “top kill” — continued for a third day, with engineers describing a painstaking process of trying to plug the hole, using different weights of mud and sizes of debris like golf balls and tires, and then watching and waiting. They cannot use brute force because they risk making the leak worse if they damage the pipes leading down to the well.

Despite an apparent lack of progress, officials said they would continue with the process for another 48 hours, into Sunday, before giving up and considering other options, including another containment dome to try to capture the oil.

Deep Water Drilling Grinds to Halt

Bloomberg reports Oil Industry Faces Its ‘1,000-Year Flood’ as Drilling Is Halted

“The spill is like the 1,000-year flood: it’s the worst- case scenario,” said Brian Youngberg, an analyst with Edward Jones in St. Louis. “It’s hard to prepare for those extreme situations like that.”

Obama dropped plans to open waters off the coast of Virginia to drilling, canceled a lease sale in the Gulf, and suspended the permitting process for Royal Dutch Shell Plc’s planned wells off of Arctic Alaska. He said new safety rules will be imposed on offshore drilling.

U.S. oil output may be cut by 160,000 barrels a day next year as a result of the ban, according to Deutsche Bank AG. A one-year delay to deep-water projects would reduce global supplies by 500,000 barrels a day between 2013 and 2017, Sanford C. Bernstein said.

Shell has five wells affected by Obama’s call to halt drilling at 33 exploratory locations. Eni SpA, based in Rome, and


continue reading


Tags: , , , , , , , , ,




BP Pressured Worker, 30-Year Old Playbook Response

BP Pressured Rig Worker to Hurry Before Disaster, Father Says

Oiled Guillimot after Empress oil spill,West Wales

By Joe Carroll and Laurel Brubaker Calkins, Bloomberg

May 28 (Bloomberg) — The highest-ranking crew member to perish aboard the Deepwater Horizon drilling rig warned his family that BP Plc was pressuring him to sacrifice safety for the sake of time and money, his father said.

Jason Anderson, one of 11 rig workers presumed dead after an April 20 explosion and fire sank the Deepwater Horizon and triggered the worst oil spill in U.S. history, told relatives in February and March that BP was urging him to accelerate work on the Macondo well off the Louisiana coast, said his father, Billy Anderson.

On previous wells drilled with the same rig, Jason Anderson, a 35-year-old employee of vessel owner Transocean Ltd., had been able to convince BP representatives to eschew shortcuts that he believed would compromise safety, his father said. But in the eight weeks preceding the disaster, BP stepped up the pressure and overruled safety objections, Billy Anderson, 66, said.

Continue here.>> 

BP Using 30 Year-Old Playbook in Responding to Oil Spill? 

Washington’s Blog

Preface for my conservative readers: Yes, I know … Maddow is very liberal. But her claims are either true or they are not true. Let’s focus on her claims. If anyone can refute them, let me know, and I’ll post a retraction.

Rachel Maddow claims that a top kill type maneuver – pumping in cement and saltwater – was tried during the giant 1979 Ixtoc oil spill, but didn’t work.

Maddow also says:

  • The precursor to the same company operating the Deepwater Horizon drilling well – Transocean – operated the Ixtoc rig
  • The cause of both oil spills was the same: a malfunctioning blowout preventer
  • The location of the spill was the same: the Gulf
  • The sizes of both spills were massive
  • A "top hat" operation was attempted unsuccessfully. During the Ixtoc spill, it was named


continue reading


Tags: , , , , , ,




BP Admits Crucial Mistake; Big Spat on Rig Preceded Explosion; Top Kill Underway

BP Admits Crucial Mistake; Big Spat on Rig Preceded Explosion; Top Kill Underway; Workers Getting Sick; More Videos

Courtesy of Mish 

Oil floats on the surface in Pass A Loutre near Venice, Louisiana

In what is absolutely guaranteed to spawn more lawsuits BP Cites Crucial ‘Mistake’

Oil giant BP PLC told congressional investigators that a decision to continue work on an oil well in the Gulf of Mexico after a test warned that something was wrong may have been a "fundamental mistake," according to a memo released by two lawmakers Tuesday.

The document describes a wide array of mistakes in the fateful final hours aboard the Deepwater Horizon—but the main revelation is that BP now says there was a clear warning sign of a "very large abnormality" in the well, but work proceeded anyway.

The rig exploded about two hours later.

According to the memo, BP identified several other mistakes aboard the rig, including possible contamination of the cement meant to seal off the well from volatile natural gas and the apparent failure to monitor the well closely for signs that gas was leaking in, the congressmen wrote in their post-meeting memo. An immense column of natural gas, erupting from the oil well, fueled the fireball that destroyed the rig.

A Transocean spokesman said in response to the memo: "A well is constructed and completed the same way a house is built—at the direction of the owner and the architect. And in this case, that’s BP."

The memo sheds new light on a key test performed hours before the explosion that has been a focus of congressional investigations. BP previously told investigators that a "negative pressure" test, which checks for leaks in the well, was inconclusive at best and "not satisfactory" at worst.

But in the meeting Tuesday, BP went further, saying the results were an "indicator of a very large abnormality" but that workers—unnamed in the memo—decided by 7:55 p.m. that the test was successful after all. That may have been a "fundamental mistake," BP’s investigator said in the meeting, according to the memo.

Gulf Coast Struggles With Oil Spill And Its Economic Costs

Transocean argued with BP before blast

Transocean is attempting to absolve itself from legal blame, perhaps rightfully so.

Tonight we see Big Spat on Rig Preceded Explosion 

Douglas H. Brown, Transocean’s chief mechanic on the Deepwater Horizon rig, said key representatives from both companies had a "skirmish" during an 11 a.m. meeting on April 20. Less


continue reading


Tags: , , , , , ,




Explosion in Search Traffic for “Shrimp Futures” and Related Terms

Explosion in Search Traffic for “Shrimp Futures” and Related Terms

Courtesy of Joshua M Brown, The Reformed Broker 

Shrimp boats sit idle, as all activities were called off due to inclement weather conditions in Venice, Louisiana

The big story of national interest this weekend was the worsening ecological sitch in the Gulf, specifically as it pertains to the seafood industry. The waters may be unsafe for shrimping for longer than what we had initially thought, and people are apparently searching high and low for a way to play this crisis financially.

Ain’t that America?

Anyway, I had accidentally predicted this development last Friday with my post Shrimp Futures Soar on Gulf Oil Spill.  It was a sardonic yet prescient piece of writing in which I quoted a fictional spike in the ‘Shellfish Index’ and mentioned the trading activity on the ‘New York PrawnEx’.

Well, a glance at my blog’s backend statistic page tells an interesting tale this morning – the search engines are being flooded with speculators and investors looking to play the potential scarcity crisis in gulf shrimp.  Viewers are being directed to my site when placing the following queries in the Google search box:

  • "Shrimp Futures"
  • "How can I buy shrimp futures"
  • "Trading shrimp"
  • "Gulf shrimp crisis plays"

will lament the fact that I have no way to express the shrimp trade for my own benefit. Shorting Darden ($DRI), the owner of Red Lobster, had crossed my mind, but I think most of their shellfish is frozen, farmed or fake anyway.

Holler at me if you have any interesting plays, I’m looking around but have come up with nothing so far…

Meanwhile, having a website that’s search engine optimized and relevant for the term "Shrimp Futures" is my crowning achievement as a blogger.

Read Also:

Shrimp Futures Soar on Gulf Oil Spill (TRB)


Tags: , , , , ,




 
 
 

Phil's Favorites

Barry Ritholtz: Donald Trump Owns This Stock Market

Trump vs. Stock Market...

Many thought that Trump’s aggressive style and economic ignorance wouldn’t leave a lasting mark on either stocks or bonds.

That was wishful thinking. https://t.co/COMz54EOk6

— Bloomberg Opinion (@bopinion) December 16, 2018

...

more from Ilene

Zero Hedge

Visualizing The West's Domination Of The Global Arms Market

Courtesy of ZeroHedge. View original post here.

Overall, arms sales increased in 2017, with total global sales nearing 400 billion dollars, marking a 2.5 percent increase from last year and the third year of continued growth for the industry.

But, as Statista's Sarah Feldman points out, U.S. arms companies still produce the most weapons worldwide.

...



more from Tyler

Chart School

Newmont Mining Gann Angles

Courtesy of Read the Ticker.

Newmont Mining (NEM) is a gold stock with plenty of institutional interest. This means due to its huge following it is a good candidate for Gann Angles.

Gold and gold stocks are waiting for the FED and other central banks to swing to dovish monetary policy, Powell hinted this in last speech, and next week the FED is expected to hike 0.25% to 2.5%, however the 3 previously planned hikes in 2019 look very doubtful. 

In short the hike from near 0% to 2.5% is all the US economy can take, as things start to break (ie corporate credit funding stuff like share buy backs.) with the US 10 yr above 3%. A concern to Powell is the US stock market gain contributes to a huge amount of tax revenue to the US treasury and higher interest rates will take this away (April 20...

more from Chart School

Kimble Charting Solutions

Dow Theory Concerns? Transportation Stocks Make New Lows

Courtesy of Chris Kimble.

The bull market is experiencing its first real test since the 2014/2015 stock market correction. Volatility is high and key sectors are heading lower.

One such sector is the Transportation Sector(NYSEARCA: IYT) and select stocks.

The age-old Dow Theory call for the Industrials and Transports to lead the market (and confirm each others moves). Currently, both are struggling. But the Dow Transports are on the precipice of a major breakdown. Looking at the chart below, you can see that the Transportation Sector ETF (IYT) is attempting to break down below its 12-month trading range and 9-year rising support line.

If the market doesn’t reverse higher soon, this break down will send a negative message to investors about the economy… and the broader stock market.

A move lower wou...



more from Kimble C.S.

Digital Currencies

Crypto Bull Tom Lee: Bitcoin's 'Fair Value' Closer To $15,000, But He's Sick Of People Asking About It

Courtesy of ZeroHedge. View original post here.

Listening to the crypto bulls of yesteryear continue to defend their case for new new all-time highs, despite a growing mountain of evidence to suggest that last year's rally was spurred by the blind greed of gullible marginal buyers (not to mention outright manipulation), one can't help but feel a twinge of pity for Mike Novogratz and Wall Street's original crypto uber-bull, Fundstrat's Tom Lee.

Lee achieved rock star status thanks to ...



more from Bitcoin

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga.

  • Data on retail sales for November will be released at 8:30 a.m. ET.
  • Data on industrial production for November will be released at 9:15 a.m. ET.
  • The flash Composite Purchasing Managers' Index for December is schedule for release at 9:45 a.m. ET.
  • Data on business inventories for October will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the recent week is schedule for release at 1:00 p.m. ET.

Posted-In: Economic DataNews Economics ...



http://www.insidercow.com/ more from Insider

Biotech

Those designer babies everyone is freaking out about - it's not likely to happen

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

 

Those designer babies everyone is freaking out about – it's not likely to happen

Babies to order. Andrew crotty/Shutterstock.com

Courtesy A Cecile JW Janssens, Emory University

When Adam Nash was still an embryo, living in a dish in the lab, scientists tested his DNA to make sure it was free of ...



more from Biotech

Members' Corner

Blue Wave with Cheri Jacobus (Q&A II, Updated)

By Ilene at Phil's Stock World

Cheri Jacobus is a widely known political consultant, pundit, writer and outspoken former Republican and frequent guest on CNN, MSNBC, FOX News, CBS.com, CNBC and C-Span. Cheri shares her thoughts on the political landscape with us in a follow up to our August interview.

Updated 12-10-18

Ilene: What do you think about Michael Cohen's claim that the Trump Organization's discussions with high-level Russian officials about a deal for Trump Tower Moscow continued into June 2016?

...

more from Our Members

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...



more from M.T.M.

ValueWalk

Vilas Fund Up 55% In Q3; 3Q18 Letter: A Bull Market In Bearish Forecasts

By Jacob Wolinsky. Originally published at ValueWalk.

The Vilas Fund, LP letter for the third quarter ended September 30, 2018; titled, “A Bull Market in Bearish Forecasts.”

Ever since the financial crisis, there has been a huge fascination with predictions of the next “big crash” right around the next corner. Whether it is Greece, Italy, Chinese debt, the “overvalued” stock market, the Shiller Ratio, Puerto Rico, underfunded pensions in Illinois and New Jersey, the Fed (both for QE a few years ago and now for removing QE), rising interest rates, Federal budget deficits, peaking profit margins, etc...



more from ValueWalk

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 ...



more from OpTrader

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

...

more from Promotions





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...

Learn more About Phil >>


As Seen On:




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.

Market Shadows >>