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Philip Davis

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  • Full Throttle Friday: Dollar Dive Does Bears In [View article]
    We don't let FAS become a problem because we sell premium (short calls), we don't buy it, so the decay works in our favor. Occasionally, we'll do a bullish play on FAS of no more than a month but, after that, the decay tends to get you - especially in a choppy market.
    Dec 4 12:31 PM | Likes Like |Link to Comment
  • Full Throttle Friday: Dollar Dive Does Bears In [View article]
    FAS and XLF are both useful for different time-frames. In our FAS Money trade, we're long XLF because it doesn't decay and short on weekly FAS calls (when we're bearish, of course).


    As to RIG, they got low enough for us to sell short puts on them.
    Dec 2 02:36 PM | Likes Like |Link to Comment
  • Frontline's Weakness May Portend a Spill in Tanker Stocks [View article]
    Yeah I think I got that right!

    8-)

    finance.yahoo.com/q/bc...;s=GMR&l=on&am...
    Sep 9 12:46 AM | 1 Like Like |Link to Comment
  • Frontline's Weakness May Portend a Spill in Tanker Stocks [View article]
    They are likely in the same boat (so to speak).

    I like them because they have 28 VLCCs which have a cost advantage in operation but a cap 1/2 of FRO (30 VLCCs).

    While I wouldn't buy them, they are not my choice for a short either with a forward p/e at 1/2 FRO's.
    Sep 5 09:46 PM | 1 Like Like |Link to Comment
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