Posts Tagged ‘YPF’

Call Spread Looks For Upside In Cliffs Shares

 

Today’s tickers: CLF, YPF & ALU

CLF - Cliffs Natural Resources Inc. – A bullish spread initiated on Cliffs Natural Resources this morning looks for shares in the largest North American producer of iron ore pellets to move higher by year end. Shares in Cliffs today increased as much as 6.75% to $34.47 in the first half of the session, rebounding after last week trading down to a 2-year low of $28.05. One options player positioning for the price of the underlying to continue higher appears to have purchased a 500-lot Dec. 28 ’12 $34/$38 call spread for a net premium of $0.78 per contract. The spread makes money as long as CLF shares rally 2.6% over the current price of $33.91 to exceed the effective breakeven point at $34.78, with maximum potential profits of $3.22 per contract available on the position in the event shares gain 12% to hit $38.00 by expiration.

YPF - YPF SA – Shares in Argentina’s largest energy company rose sharply today on reports the oil and gas producer may bid for Petrobras’s Argentine assets. The stock increased as much as 7.6% to $13.95 in the first half of the trading day, sparking heavier than usual trading traffic in YPF options. Upside call buying in the front month options suggests some traders are positioning for shares to extend gains in the near term, with upwards of 700 lots changing hands at the Dec. $15 strike versus open interest of 10 contracts. It looks like most of these call options were purchased for an average premium of $0.10 apiece in the early going, preparing buyers to profit should YPF’s shares rally another 8% to exceed $15.10 at expiration next week. Shares in YPF, down roughly 60% year-to-date, last traded above $15.10 back in April. It looks like traders are also buying the Jan. 2013 $15 strike calls today, with roughly 310 purchased this morning for an average premium of $0.23 per contract. Time and sales data from Thursday’s session reveals around 500 of the Jan. 2013 $15 strike calls were purchased yesterday…
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Wishful Wednesday – If Only We Could Hold It

That didn’t take long did it? 

We’re right back to our 5% lines, which I predicted yesterday would be tested (and failed) so today we find out if I am half right or all right – hopefully it’s all right because we pushed our short plays to the lines and added a short on oil with USO May $41 puts, which we added yesterday afternoon for .95 at 2:30 and finished the day up a nickel.  We are expecting the oil inventories to show some demand destruction at 10:30 – analysts are predicting a net 1Mb build, with a 1.6Mb increase in oil and a 300,000 barrel decrease in gasoline and distillates.  A build in either gasoline or distillates will indicate pricing is hurting demand, despite whatever oil number comes up so that’s what we’ll be watching

Yesterday, in the morning post (never miss one with a $1.90 per day Annual Report Membership!), I mentioned the TBT weekly $33 calls at $1.55 would make a good long and those finished the day at $1.87 (up 20%) but they looked good enough to keep into the close and we expect trouble in today’s 10-year auction so we’re being greedy and going for $2.15+, which will make a nice 40% gain in 2 days.  

To make sure you don’t miss our next trade idea – today I will give you a trade idea that can knock 20% to 69% off the $695 Annual PSW Report Membership:  You can buy 10 QQQ May $60 puts for $1 and sell 10 QQQ May $59 puts for .48 for net .52 ($520) on the $1 ($1,000) spread (it’s the net that matters, not the price of each leg).  The maximum gain on this trade is $480 if the Qs finish below $59 next Friday and, if you stop your loss at net $400 (.40 per contract) that limits you to $120 lost and, if this trade loses money, let me know and I’ll give you 50% off an annual PSW Report Membership, which will save you $347.50 so net $127.50 (20%) saved on a Membership – even if the trade doesn’t work.  If it does work – you are honor-bound to subscribe, of course!

What we are expecting, between now and Friday, is for the chart above to form a pattern that will look like the "M" in the McDonald’s arches,


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Animal Spirits ep 26

 

Animal Spirits ep 26

Courtesy of 

If you want to know what I’m doing this morning, I’m listening to the brand new episode of Animal Spirits. Our friend Morgan Housel jumped into the mix with Michael and Ben this week to record it. Three of the smartest people I know talking about the investing topics of the week – what’s better than this?

Make sure to subscribe so you never miss a new episode every week.

...

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Zero Hedge

Simon Black On "The Coming Boom In Gold Prices..."

Courtesy of ZeroHedge. View original post here.

Authored by Simon Black via SovereignMan.com,

In June 1884, a local farmer named Jan Gerritt Bantjes discovered gold on his property in a quiet corner of the South African Republic.

Though no one had any idea at the time, Bantjes’ farm was located on a vast geological formation known as the Witwatersrand Basin… which just happens to contain the world’s largest known gold reserves.

Within a few months, other local farmers star...



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Chart School

S&P To Test 200-day MA

Courtesy of Declan

After yesterday's selling today's late recovery was a chance for bulls to catch some breadth.

The S&P came close to tagging the 200-day MA on the intraday low. The index is on a path to the lower channel. There was no technical change and relative performance remains weak.
 


The Nasdaq stalled mid-decline. Today's doji did not appear at a natural support level and the 200-day MA still looks the better support test but aggressive longs may try fish for a position here with a stop on a loss of 6,926.
...



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Digital Currencies

Crypto Billionaire Sued By VC Giant Sequoia Over Collapsed Funding Deal

Courtesy of ZeroHedge. View original post here.

By Marie Huillet, CoinTelegraph.com

Venture capital firm Sequoia is suing Zhao Changpeng, the CEO and founder of Binance, currently the world’s largest cryptocurrency exchange by trade volume, for allege...



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Insider Scoop

Earnings Scheduled For April 25, 2018

Courtesy of Benzinga.

Companies Reporting Before The Bell
  • Thermo Fisher Scientific Inc. (NYSE: TMO) is projected to report quarterly earnings at $2.4 per share on revenue of $5.63 billion.
  • Ford Motor Company (NYSE: F) is expected to report quarterly earnings at $0.41 per share on revenue of $37.16 billion.
  • Twitter, Inc. ...


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Biotech

Why marijuana fans should not see approval for epilepsy drug as a win for weed

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

 

Why marijuana fans should not see approval for epilepsy drug as a win for weed

Small vials of CBD, which some believe could be a cure for many ailments. Roxana Gonzalez/Shutterstock.com

Courtesy of Timothy Welty, Drake University

A Food and Drug Administration panel recommended approval of a drug made of cannabidiol on Ap...



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ValueWalk

Buffett At His Best

By csinvesting. Originally published at ValueWalk.

Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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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

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

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Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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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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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