Posts Tagged ‘MGM’

Investor Initiates Volatility Play on Alcoa Ahead of Earnings

Today’s tickers: AA, GLD, MGM, NXY, INTC, NDAQ, ANDS, F, EEM, MMR & MELI

AA – Alcoa, Inc. – A short straddle play on the largest U.S. producer of aluminum today implies one investor anticipates Alcoa’s shares will remain range-bound through January’s expiration on Friday. Alcoa’s shares appreciated 1% to a new 52-week high of $17.20 (as of 12:40 pm EDT) during the session. According to one Bloomberg article, the firm may report fourth-quarter profits of $0.06 per share today. The sold straddle strategy also indicates the trader expects lower volatility in the price per share. Perhaps this individual is taking advantage of the typical drop in option implied volatility, which tends to accompany earnings announcements. The investor sold 10,000 calls at the January $17.50 strike for a premium of $0.59 apiece, and sold 10,000 puts at the same strike for about $0.69 each. The gross premium pocketed on the trade amounts to $1.28 per contract. The full $1.28 premium is safe in the investor’s wallet if the contracts expire worthless at a share price of $17.50 on Friday. The short call and put positions established today leave the investor vulnerable to potential losses in the event that Alcoa’s shares swing outside of the breakeven boundaries. Losses accrue if shares edge beneath the lower breakeven price of $16.22, or if shares rise above the upper breakeven point at $18.78.

GLD – SPDR Gold Trust ETF – Shares of the exchange-traded fund, which mirrors the price of gold bullion, may be up more than 1.25% to $112.82 today, but option traders populated various contracts with bearish strategies. A hefty put spread appeared in the June contract. The transaction involved the purchase of 17,000 puts at the June $105 strike for a premium of $3.50 each, marked against the sale of 17,000 puts at the lower June $95 strike for roughly $0.52 apiece. The net cost of the pessimistic play amounts to $2.98 per contract. If the investor is holding a long position in GLD shares, the spread provides downside protection in case shares slip beneath the breakeven price of $102.02, by expiration in June. Additional bearish indications appeared in the September contract. One trader initiated a risk reversal by selling 5,000 calls at the September $130 strike for $4.55 each, spread against the purchase of 5,000 puts at the lower September $100 strike for $3.60 apiece. GLD’s shares must trade beneath…
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Option Traders Try Their Luck with Out-of-the-Money Calls on MGM Mirage

Today’s tickers: MGM, EWC, EWZ, DHI, XLF, GLW, TRA, CF, PHM, GFI & EBAY

MGM – MGM Mirage, Inc. – Shares of casino resort operator, MGM Mirage, rallied 5.25% this afternoon to $9.62. Option traders expecting shares to rally significantly in the next 12 months bought call options in the January 2011 contract. Approximately 20,000 calls were purchased at the January 2011 20 strike for an average premium of 70 cents per contract. Investors break even on the calls if MGM’s shares more than double by expiration. Shares must rally at least 115% to the breakeven price of $20.70 in order for call-buyers to begin to accumulate profits.

EWC – iShares MSCI Canada Index ETF – The exchange-traded fund, which mirrors the performance of publicly traded securities in the Canadian market, attracted pessimistic option players. The bearish risk reversal established on the fund contrasts with the nearly 1.5% rally in shares of the underlying to $26.30 during the session. It appears one investor sold 12,500 calls at the June 27 strike for a premium of 1.60 each, spread against the purchase of the same number of calls at the lower June 26 strike for two dollars premium apiece. The net cost of the reversal amounts to 40 cents per contract. Profits on the trade – assuming the investor holds no underlying stock position – accrue if shares of the EWC slip beneath the breakeven point to the downside at $25.60 by expiration in June 2010.

EWZ – iShares MSCI Brazil Index ETF – A number of bullish trades on the Brazil exchange-traded fund today suggest shares of the EWZ are set to rally in the first few months of the new year. Shares edged 1.5% higher during the trading day to stand at $73.21. Optimistic traders employed a number of different option strategies in order to position for bullish movement in the price of the underlying stock. One trader initiated a risk reversal in the January contract by selling 6,000 puts at the January 72 strike for 1.80 each, spread against the purchase of 6,000 in-the-money calls at the same strike for 2.70 apiece. The cost of getting long the call options is reduced to 90 cents per contract for the reversal player. Profits on the position amass above the breakeven price of $72.90. Another option bull unfurled the wings of a butterfly spread in the March contract. The trader…
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Retail Reversal Combination Grabs Attention on XRT

Today’s tickers: XRT, MGM, DE, GLD, UUP, NWL, HNZ, EWZ, UNH, OSTK & STEC

XRT – SPDR S&P Retail ETF – A three-legged transaction in the December contract on the retail exchange-traded fund reveals bearish sentiment by one investor. Shares of the XRT are trading nearly 1% higher today to $34.60. It looks like the trader sold call options in order to offset the cost of buying a put spread. The put spread involved the purchase of 5,000 puts at the December 33 strike for a premium of 1.07 apiece, marked against the sale off 5,000 puts at the lower December 30 strike for approximately 37 cents each. The sale of 5,000 calls at the higher December 36 strike knocked another 87 cents per contract off the total price of the bearish play. The investor more than offset the cost of buying the spread and thus receives a net credit of 17 cents per contract. The full credit is retained by the trader as long as shares of the XRT remain below $36.00 through expiration. Additional profits may accumulate if shares dip below $33.00, while maximum potential gains of 3.00 per contract require that shares trade down to $30.00.

MGM – MGM Mirage, Inc. – Shares of the casino resort operator slipped 2.5% lower to $9.40 today but one options optimist initiated a bullish play on the stock in the March 2010 contract. It appears the trader put on a ratio call spread by buying one in-the-money call option for every three out-of-the-money calls sold. The investor purchased 10,000 calls at the deep in-the-money March 7.0 strike for 3.20 apiece and simultaneously sold 30,000 calls at the higher March 12 strike for 1.05 each. The net cost of the transaction is reduced to just one nickel per contract. The investor probably does not expect shares to rally through $12.00 by expiration because he is short 20,000 calls at that strike price in the March contract. Shares of MGM last traded above $12.00 on October 14, 2009.

DE – Deere & Co. – A large bearish butterfly spread appeared in the March 2010 contract on the agricultural equipment maker. The transaction indicates one investor is positioning for significant declines in the price of DE shares by expiration. Shares are down 1% to $46.76 with just under 90 minutes remaining in the trading day. The investor purchased the upper wing of the…
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Tech Back in Demand as Call Buyers Line Up at XLK

Today’s tickers: XLK, RF, NBR, MCD, KEY, MGM, HBAN & LVS

XLK - The tech-sector exchange-traded fund attracted a hoard of call buyers this afternoon amid a less than 0.5% decline in shares during the session to $20.62. Traders expecting upward momentum in the price of the stock looked to the December 22 strike price where approximately 35,000 call options were purchased for an average premium of 43 cents per contract. Investors will turn a profit on the calls if shares of the XLK rise 9% from the current level to surpass the breakeven price of $22.43 by expiration in December. – Technology Select Sector SPDR –

RF - Investors exhibited near-term bearish sentiment on RF today by piling into put options on the stock. Shares of Regions Financial have slipped 1% lower today to stand at the current price of $5.54. The heaviest volume was observed at the September 5.0 strike where about 31,000 puts look to have been purchased for an average premium of 11 cents apiece. More pessimistic traders looked to the lower October 4.0 strike to get long of 3,100 puts valued at 10 cents per contract. Perhaps traders exhibiting such behavior are long shares of the underlying stock. If this is the case, the put action was inspired by traders seeking downside protection through expiration next Friday and through October’s expiration day. – Regions Financial –

NBR  The largest onshore drilling firm edged onto our ‘hot by options volume’ market scanner today due to call action in the October contract. Investors were apparently not discouraged from taking bullish stances on the stock even though shares are currently lower by about 1% to $18.84. Approximately 6,000 calls were coveted at the October 20 strike for an average premium of 95 cents apiece. Traders long the calls are hoping to see shares rally about 11% higher by expiration so that they may begin to garner profits above the breakeven point at $20.95. – Nabors Industries Limited –

MCD - Traders hungry for calls – or perhaps a Big Mac – placed bullish bets on the golden arches using options despite a 1% decline in the price of its shares to $54.36. Nearer-term optimism was observed at the October 60 strike where approximately 4,500 calls were pocketed for an average premium of 12 cents per contract. Perhaps the continued rise in unemployment has helped fuel bullish sentiment on the fast…
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Option Bulls Covet Coal-Calls on ACI

Today’s tickers: ACI, MGM, EWJ, HSY, YHOO, TIE & GLD

ACI - Far-term option bulls were not discouraged from establishing optimistic positions on the coal producer today despite the nearly 2% decline in shares during the trading session to $17.84. Investors looking for shares to rally significantly by the start of 2010 purchased 2,000 calls at the January 23 strike for an average premium of 70 cents apiece. ACI would need to rally 33% higher for individuals long these calls to breakeven at $23.70 by expiration. Option traders also picked up 2,000 calls at the April 2010 22 strike for 1.50 per contract. Finally, curious call spreads appeared in the January 2011 contract. The trades were a bit blurred but it seems likely that the activity represents a ratio call spread. If this is the case, the investor responsible for the trade purchased about 3,000 calls at the January 30 strike for 1.40 each. These contracts were spread against the sale of some 6,000 calls at the higher January 35 strike for 93 cents premium. The trader receives a net credit of 46 cents on the transaction. He will retain the full credit and add to that amount if shares rally higher than $30.00 by expiration. Maximum potential profits on the spread amount to 5.00 (excluding the credit received today), achieved in the event that shares of ACI surge a whopping 96% from the current price by expiration in January 2011. – Arch Coal, Inc. –

MGM - The casino operator attracted bullish bets by option traders today amid a more than 7.5% rally in shares to $10.13. Notable near-term call interest was apparent at the September 11 strike price where more than 7,100 lots exchanged hands. Approximately 5,500 of the contracts were purchased for an average premium of 23 cents apiece. Investors long the calls will begin to accrue profits if shares of MGM can rise 11% higher to surpass the breakeven point at $11.23 by expiration in less than two weeks. Traders clearly favored MGM calls over puts during the session as evidenced by the call-to-put ratio of more than 3-to-1 on the stock today. – MGM Mirage, Inc. –

EWJ - The EWJ jumped onto our ‘most active by options volume’ market scanner this afternoon after one investor juggled massive chunks of calls on the stock. Shares of the exchange-traded fund are currently up 0.5% to $10.18. The trader…
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Whirlpool Call Buyers in a Spin Over New Chinese Factory

Today’s tickers: WHR, MRK, EBAY, RHI, XLP, MOS, GE, LSI & MGM

WHR – The manufacturer of appliances and products for home use experienced a 7% surge in shares to $53.34 after announcing yesterday that it has opened a new factory in China with another appliance company known as Hisense-Kelon Electrical Holdings. Option traders were seen buying bullish call options at the July 55 strike price where 2,800 lots were scooped up for 28 cents each. One investor was seen locking into gains by purchasing a put spread in the August contract. The August 50 strike price had 2,200 puts bought for 2.61 apiece spread against the sale of 2,200 puts at the lower August 44 strike for a premium of 86 cents. The net cost of the spread amounts to 1.75 and yields maximum potential profits of 4.25 if shares of WHR recede to $44.00 by expiration next month. Finally, additional bullishness was observed as high as the August 60 strike price where traders bought 1,200 calls for an average premium of 1.37 per contract. Option implied volatility on Whirlpool has been steadily rising over the past two days, opening at about 53% on Wednesday and increasing to the current reading of 60%. – Whirlpool Corp.

MRK– The pharmaceutical company appeared on our ‘hot by options volume’ market scanner this afternoon after a ratio put spread was implemented in the October contract. The investor responsible for the transaction appears to be positioning for continued downward movement in the stock. Shares are currently lower by less than 0.5% to $27.69. The ratio spread involved the purchase of 5,715 in-the-money puts at the October 29 strike price for a premium of 2.70 each against the sale of 11,440 puts at the lower October 26 strike for 1.20 per contract. By selling twice as many puts, the investor reduced the cost of the transaction to just 30 cents. Thus, he will attain the maximum profits available of 2.70 if the stock declines to $26.00 by expiration. – Merck & Co., Inc.

EBAY – Shares of the online marketplace have enjoyed a rally of more than 4% today to arrive at the current price of $18.61. Investors who are hoping for continued upward movement in the price of the underlying were seen positioning themselves in the August contract. Approximately 6,500 call options were coveted at the August 20 strike price
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Nvdia Options Under the Spotlight

Today’s tickers: NVDA, BJS, LDK, MCD, CAT, MGM & IYR

NVDA– The worldwide provider of visual computing technologies has seen shares rally more than 1% today to $11.51. We observed a number of option traders getting bullish on the stock and looking for continued upward movement as far out as expiration in January 2010. The near-term June contract attracted one investor to bank profits. It appears that this individual originally bought 10,000 calls at the June 11 strike price for 35 cents back on May 29, 2009 in the expectation of a rally in the stock. Today, with the June 11 calls in-the-money, he exited the position by selling the options for a premium of 75 cents apiece. The net profit pocketed on the trade amounts to 40 cents per contract or $400,000. Looking at the June 12.5 strike price, a similar strategy was employed albeit at a loss. We note that the transaction may or may not have been the work of the same investor described in the previous trade. Some 43,000 calls were sold for a dime apiece at the 12.5 strike today and look to have been originally purchased for an average premium of 18 cents. This transaction yields a net loss of 8 cents or $344,000. If both trades were initiated by the same individual, he would still be rewarded for his efforts in the amount of $56,000. Additional activity on NVDA was a massive chunk of 60,000 calls which traded to the middle of the market at the July 12 strike for an average premium of 75 cents each. Rounding out July activity was optimistic call buying enacted at the July 13 strike price where 2,000 lots were scooped up for 35 cents a pop. Finally, a bullish reversal took place in the January 2010 contract where 5,000 puts were shed at the January 10 strike price for a premium of 1.28 in order to finance the purchase of 5,000 calls at the sky-high January 15 strike for 98 cents each. The investor responsible for this trade has taken a credit of 30 cents and will add to his profits if shares can rally 30% and breach the breakeven point at $15.00 by expiration next year. – NVDIA Corporation

BJS – The oilfield services firm has experienced a share price decline of approximately 1% to $15.30. Despite the bearish movement in the stock,
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Host Hotels & Resorts Put Options Sold

Today’s tickers: HST, GSI, CST, MGM, UNH, AMD, XLI & XLY

HST Host Hotels & Resorts, Inc. – The stock has shed more than 9% to stand at $7.66 on the day. One investor has positioned himself to have shares put to him by expiration in June should shares continue to decline. The sale of 13,000 puts at the June 7.5 strike price for an average premium of 73 cents apiece allows this individual to accept the premium today while bearing the risk that shares continue to decline through $7.50 by expiration. If the puts land in-the-money, he will likely have the shares put to him at an effective price of $6.77. The stock last traded at $6.76 back on January 16, 2009 after declining from its 52-week high of $18.36 nearly one year ago to the day. The investor probably figures that if the puts remain out-of-the-money he retains the premium and is happy. If the puts land in-the-money he is also happy to have shares put to him at approximately one-third the value of the 52-week high for the stock.

GSI General Steel Holdings, Inc. – Shares of the operator of a number of Chinese steel companies have taken a nosedive today, losing more than 14.5% to stand at $4.72. The stock has eroded despite the fact that the firm’s adjusted earnings per share of 9 cents for the period ended March 31, 2009, beat analyst expectations which estimated loss of about a nickel per share. In line with the bearish move in the stock, one investor loaded up on downside protection in the near-term May contract. The sale of 5,000 calls at the May 5.0 strike price for a premium of 10 cents apiece was spread against the purchase of 5,000 puts at the same strike for 40 cents each. The net cost of the transaction amounts to 30 cents and yields a breakeven point to the downside at $4.70. The stock must fall by at least 2 pennies before the trader begins to experience gains on the long put position.

COST Costco Wholesale Corp. – The operator of membership warehouses that offer branded and private label goods ranging from gruyere cheese wedges to diamond rings has experienced a more than 2.5% decline to $45.49. We observed option traders bracing themselves for potential continued bearish movement in the stock. Investors loaded up on 4,400 puts at the…
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Lights back on in Vegas

Today’s tickers: MGM, DFS, MOS, WFR, LVS, XHB, KFT & HNZ

MGM MGM Mirage, Inc. – Shares of the biggest casino owner on the Las Vegas Strip have skyrocketed by more than 42% to $13.41 amid reports from the company that occupancy has recovered and convention cancellations have lessened. More than 112,000 option contracts on the stock traded today with a number of bullish plays by investors looking for continued strength in its share price. The company also received an upgrade by – surprise, surprise – Bank of America/Merrill Lynch to ‘buy’ after also upgrading fellow casino giant, Las Vegas Sands Corp., as well. Early bird investors were able to buy call options that have since landed in-the-money during the rally at the May 12.5 strike price for an average premium of just 83 cents. Now (post 2pm EST) getting long of those same calls cost 1.75 apiece. More optimistic traders looked to the May 15 strike where more than 8,000 calls were traded. At least 3,000 of those calls were purchased for about 38 cents each earlier today. However, the premium has since increased to the current ask price of 65 cents. Option implied volatility on the stock is currently at 150% down from 200% recorded last Thursday.

DFS Discover Financial Services – The credit card issuer and electronic payment services firm is up by less than 1% to $9.02. Option investors were observed buying bullish call options on the stock despite concerns over weaker earnings for the first-quarter across the board for credit card issuers. At the May 10 strike price traders exchanged calls about 15,000 times with more than 8,300 contracts bought at an average premium of 24 cents each. Optimism spread to the June contract where about 3,400 puts were shed at the June 7.5 strike for a VWAP of 43 cents. The June 10 strike witnessed the purchase of 3,500 calls for about 72 cents apiece. The most bullish individuals discovered calls available for the taking at the July 12.5 strike price where some 1,100 were coveted for 33 cents per contract. The more than 29,900 contracts traded on the stock today represent 54% of the existing open interest on DFS of 55,244 lots.

MOS The Mosaic Company – The producer of potash and animal feed has experienced a rally in shares of more than 4% to $46.04 amid rumors reported by one news…
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Hewlett Packard bull call spread at large

Today’s tickers: HPQ, FXI, WFC, UNP, MGM, LVS, INFY, VIX, TXT & F

HPQ Hewlett-Packard Company – The world’s largest technology company has seen its shares decline by more than 1.5% to stand at $33.53. Despite the dip in shares today, HPQ received very good news regarding EDS, an HP company. EDS, a leading IT outsourcing firm and a global technology services provider, was selected by the U.S. General Services Administration (GSA) to “provide information technology (IT) solutions for all federal government agencies under the GSA Alliant contract”. EDS will be vying for task orders along with 59 other companies under the $50 billion contract. In line with the bullish news, though not necessarily inspired by it, one investor established a bull call spread in the January 2010 contract. At the January 40 strike price 10,000 calls were purchased for 2.80 apiece and spread against the sale of 10,000 calls at the January 50 strike for a premium of 75 cents each. The net cost of the call spread amounts to 2.05 and yields a maximum potential profit of 7.95 if shares can rally all the way up to $50.00 by expiration next year. In order to achieve such a rise shares would need to jump by 49% over the next nine months. Shares of HPQ have not traded above $50.00 since December 31, 2007.

FXI iShares FTSE/Xinhua China 25 Index Fund – The Chinese ETF appeared on our ‘most active by options volume’ market scanner this afternoon amid a 1% dip in shares to $30.55. Despite the fact that shares are off slightly, one trader initiated a bullish calendar spread. This optimistic investor sold 8,500 calls at the May 32 strike price for an average premium of 1.60 and repurchased 8,500 calls at the January 2010 40 strike price for 1.70 each. The trader receives a credit of 10 cents for rolling his position forward by about 8 months while bearing the risk that shares rise above $32.00 as he is short 8,500 calls at the May 32 strike. This trade implies that the investor does not see shares rallying above $32.00 by expiration in May, but does want to see shares rise by 31% to break through the January 40 strike by January’s expiration. Elsewhere, option traders purchased 15,000 puts at the May 25 strike price for 60 cents apiece along with some 10,000 put options which traded…
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Kimble Charting Solutions

DAX Index Hits Two 18-Year Support Lines, Creates Large Bullish Reversal

Courtesy of Chris Kimble

Has the DAX index from Germany experience a large decline of late? Yes, it has!

Has the decline broken long-term rising support lines? Not so far!

This chart looks at the DAX index on a monthly basis over the past 25-years. Over the past 6-years, it has traded sideways inside of the blue rectangle at (1).

The decline this year saw the DAX hit two 18-year rising support lines at (2) last month, where a large bullish reversal took place.

Until broken, important support remains in play at (2), which is bullish for this key index....



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Zero Hedge

Aaand Its Gone... The Biggest Support For Asset Prices

Courtesy of ZeroHedge View original post here.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Since the passage of “tax cuts,” in late 2017, the surge in corporate share buybacks has become a point of much debate. I previously wrote that stock buybacks were setting records over the past couple of years. Jeffery Marc...



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Phil's Favorites

Here's how scientists are tracking the genetic evolution of COVID-19

 

Here's how scientists are tracking the genetic evolution of COVID-19

Why do scientists care about mutations on the coronavirus? Alexandr Gnezdilov Light Painting

Niema Moshiri, University of California San Diego

When you hear the term “evolutionary tree,” you may think of Charles Darwin and the study of the relationships between different species over the span of millions of years.

While the concept of an “evolutionary tree” originated in Darwin’s “...



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Biotech/COVID-19

Here's how scientists are tracking the genetic evolution of COVID-19

 

Here's how scientists are tracking the genetic evolution of COVID-19

Why do scientists care about mutations on the coronavirus? Alexandr Gnezdilov Light Painting

Niema Moshiri, University of California San Diego

When you hear the term “evolutionary tree,” you may think of Charles Darwin and the study of the relationships between different species over the span of millions of years.

While the concept of an “evolutionary tree” originated in Darwin’s “...



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ValueWalk

Activists demand revamp of anti-redlining law

By Anna Peel. Originally published at ValueWalk.

Over 100 California Community Organizations and Leaders Call for Banking Regulators to Stop Planned Revamp of Anti-Redlining Law during COVID19 Crisis

Q1 2020 hedge fund letters, conferences and more

Worker, Housing, and Small Business advocates call on all resources to be dedicated to saving lives and responding to Coronavirus

San Francisco--Amongst an unprecedented public health crisis that threatens hundreds of thousands of lives, as small businesses are shuttered across California and the nation, and as millions file for...



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Chart School

The Big Short movie guides us to what is next for the stock market

Courtesy of Read the Ticker

There is nothing new in WallStreet, it is only the players that change. Sometimes a market player or an event gets ahead of the crowd and WallStreet has to play catch up.

Previous Post Dow 2020 Crash Watch Dow, Three strikes and your out!

It is important to understand major WallStreet players do not want to miss out on a money making moves.  







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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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The Technical Traders

Founder of TradersWorld Magazine Issued Special Report for Free

Courtesy of Technical Traders

Larry Jacobs owner and editor of TradersWorld magazine published a free special report with his top article and market forecast to his readers yesterday.

What is really exciting is that this forecast for all assets has played out exactly as expected from the stock market crash within his time window to the gold rally, and sharp sell-off. These forecasts have just gotten started the recent moves were only the first part of his price forecasts.

There is only one article in this special supplement, click on the image or link below to download and read it today!

...

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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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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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