Posts Tagged ‘LLTC’

Which Way Wednesday: Through the Roof or Smashed into a Thousand Pieces?

 

GRANDPA JOE: But this roof is made of glass. It’ll shatter into a thousand pieces. We’ll be cut to ribbons!

WILLY WONKA: Probably

Is today going to be the day?  After pressing against our breakout levels for a week, today do we should finally have the gas to get over the top or will our Must Hold levels keep acting like a solid barrier?  Oddly enough, I was asking the same question on August 30th, when I asked if we were "Breaking Higher or Dressing Windows?"   My comment from that morning works for today as well:  

No way to slow down.  That line from Tull’s "Locamotive Breath" keeps playing in my head as I look at these rumor-driven markets and contemplate that we MUST keep going higher – or we will fall.  On the whole, that’s not generally a winning long-term investing premise BUT – it does so happen to be the entire principal on which space travel is based so let’s not discount it entirely.   

Willy Wonka understood stock market physics, there had to be enough power to get through that overhead resistance or it was going to be a very painful test of the top (like the one we had in August).  Since our July dip, we’ve come back for another try at our Must Hold lines 4 times but the volume has been substantially lower than it was in July, leading us to believe it is only TradeBots, and not Oompa Loompas, who are buying this market. 

Can TradeBots alone give
continue reading


Tags: , , , , , , , , , , , , , , , , , , , , ,




Options Players Flock to Wynn Resorts

 Today’s tickers: WYNN, AVL, LLTC & GM

WYNN - Wynn Resorts, Ltd. – Options traders are placing bullish bets on the casino resort operator this morning with shares in Wynn Resorts surging 6.6% to an intraday- and more than three-year high of $135.59. Shares in the Las Vegas, NV-based company, which operates Wynn Macau in China, rallied sharply after casino revenue in Macau jumped 48% over the previous year, topping $2.5 billion in March. Options investors flocked to Wynn Resorts, as well as other casino resort operators with ties to Macau, right out of the gate this morning. Near-term bulls are dominating activity in Wynn’s options in the first half of the session, exchanging roughly 2.8 calls on the stock for each single put option. April contract calls are most active just before 12:00pm in New York, with overall options volume nearing 29,000 contracts against total open interest on WYNN of 140,493 contracts. Some bullish players picked up in-the-money call options, buying more than 1,100 calls at the April $130 strike for an average premium of $4.99 each, and purchasing some 1,400 call options at the April $135 strike at an average premium of $2.31 apiece. Near-term optimism spread to the higher April $140 strike where another 1,375 calls were scooped up for an average premium of $0.99 a-pop. Investors long the April $140 strike calls make money in the event that the casino operator’s shares rally another 4.0% over today’s high of $135.59 to surpass the average breakeven price of $140.99 by April expiration day. Finally, more than 1,800 call options changed hands up at the April $145 strike on open interest of just 256 contracts in the first half of the session. It looks like the vast majority of these calls were purchased at an average premium of $0.48 each. Call buyers at this strike profit in the event that WYNN’s shares jump 7.3% to exceed $145.58 at expiration. Wynn Resorts, Ltd. is scheduled to report first-quarter earnings after the closing bell on April 28, 2011, well past the expiration on April contract options.…
continue reading


Tags: , , ,




Brazil ETF Investor Employs Covered Call Strategy Through December

Today’s tickers: EWZ, XLF, RVSN, MHK, COST, AKAM, & LLTC

EWZ – iShares MSCI Brazil Index ETF – Shares of the Brazil exchange-traded fund edged 0.5% lower to $72.55, perhaps inspiring the put spread we observed in the November contract. It appears one investor purchased 3,000 puts at the November 71 strike for 2.70 apiece, and simultaneously sold 3,000 puts at the lower November 65 strike for 1.00 each. The net cost of the put spread amounts to 1.70 per contract, thus yielding downside protection beneath the breakeven point at $69.30 through expiration next month. Longer-term activity seen in the December contract looks to be a covered call. It seems 25,000 calls were sold at the December 90 strike for an average premium of 13 pennies each. The investor responsible for the trade probably purchased an equivalent number of shares of the underlying stock at the time the calls were sold today. If this is the case, the investor reduced the cost of buying the shares to approximately $72.18 apiece by selling the call options. The short call position serves as an effective exit strategy for the investor if the fund trades above $90.00 by expiration. Shares of the ETF must rally 24% from the current price for the investor to have the underlying shares called away. If this occurs by expiration, the trader will enjoy the 24% gains on the rally in the stock, and walk away with no outstanding position in the fund.

XLF – Financial Select Sector SPDR – Fresh options activity in the March 2010 contract on the financials exchange-traded fund looks like a bearish risk reversal using deep in-the-money put options. Shares of the XLF have slipped 1.5% during the trading session to $15.13. It appears 5,500 calls were sold short at the March 19 strike for a premium of 30 pennies apiece to partially offset the cost of buying 5,500 puts at the same strike for 4.30 each. The net cost of the reversal amounts to 4.00 per contract. The breakeven point on the trade resides at $15.00. Thus, if the investor holds a long position in the underlying fund, downside protection is provided by the puts if shares slip more than 13 cents from the current price to breach the breakeven price of $15.00 by expiration next year.

RVSN – RADVision Ltd. – Telecommunications equipment designer and developer, RadVision, experienced a 1.75%…
continue reading


Tags: , , , , , ,




 
 
 

Zero Hedge

Visualizing The 150 Apps That Power The Gig Economy

Courtesy of ZeroHedge. View original post here.

Go back in time a decade, and you’d have a tough time convincing anyone that they would be “employed” through an app on their phone.

And yet, as Visual Capitalist's Jeff Desjardins explains, in a short period of time, the emergence of the smartphone has enabled the gig economy to flourish into a multi-trillion dollar global market. And by leveraging apps like Uber, Airbnb, and Etsy, it’s estimated that ...



more from Tyler

Phil's Favorites

What's going on with Blue Apron?

By Ilene 

The Blue Apron business model appears, perhaps, flawed. While the service is convenient, I think it would appeal mostly to very busy people who don't have time to shop for food -- but enjoy cooking -- and have enough money that the trade off between paying for food delivery vs. spending time shopping is worth it. Here's the unfortunate stock chart and some numbers from Yahoo:

The company has been losing money, and is projected to lose money again next year. Revenue is projected to decrease in 2019 from the 2018 level, but pick up again in 2020, though still below 2018's revenue. Maybe a larger company that could integrate APRN's services into its existing infrastructure should acquire APRN and save it from its apparent...



more from Ilene

Chart School

Palladium minor cycle bottom

Courtesy of Read the Ticker.

Once again RealVision TV posts another trade idea, long palladium. We shall review it with our RTT cycle tools and parallel channels.







Any trader will be concerned with the supply shock at $1800 which pushed down price quickly. Profit taking maybe, sure! The question, is there more supply out (or more profit taking) there ready to dump on the market, either now or after any minor advance. This why waiting for the 'C' wave of the A-B-C to form over some more time is a good idea, and once done, we want to see solid buying moving price up before acting, after all we do not want to be early or a lonely bull (Richard Wyckoff logic). 

The parallel channel highl...

more from Chart School

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 ...



more from Bitcoin

Kimble Charting Solutions

Banks Sending Bearish Message To Stocks, Says Joe Friday

Courtesy of Chris Kimble.

Quality bull markets prefer to see Banks stronger than the broad markets or at least keeping up with it. Concerns often crop up when banks reflect relative weakness compared to the S&P.

This chart looks at the Bank Index (BKX) over the past few years, reflecting a falling channel of lower highs and lower lows has taken place inside of falling channel (1). This falling channel has now been in play for the past 15-months.

The index hit the bottom of the channel in December of 2018 and a counter-trend rally took place. The rally off the December lows saw the index hit the top...



more from Kimble C.S.

Insider Scoop

Analyst: US Sanctions 'May Not Kill Huawei'

Courtesy of Benzinga.

President Donald Trump signed an executive order Wednesday that limits how "foreign adversaries" conduct business with U.S. companies.

What Happened

The Department of Commerce said China's Huawei and 70 related companies will be included in the "Entity ...



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

Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



more from Biotech

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 ...



more from ValueWalk

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...



more from Our Members

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...



more from M.T.M.

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 >>