Thursday Thump - The Bernanke Bottom [View article]
All the time. I put these articles up with picks regularly and it's not my fault if they happen to work out more often than not. Feel free to go back a month, two months, whatever - unless you think SA is putting these up after the fact - this is just what I say that day so I'm either right or wrong but I get paid to be right.
Here's a few comments from today's Member Chat (sorry, no complaints today):
jromeha (premium) - June 24th, 2011 at 3:54 pm
Phil- took a 15 min break and caught your /yg play. Made a quick $100…. You just paid for a few swim lessons for my soon to be 3 y/o daughter or a nice meal out this weekend. Thank you, You rock, and Have a good weekend…
stjeanluc (premium) - June 24th, 2011 at 3:51 pm
Sold 23 Calls for 0.95 (9:35), covered with around $0.30 profit between 11:00 and 13:00. Sold 24 Put for 1.20 now around 1.50 I am not sure we should rush to sell another call yet, but Phil can tell me otherwise! Lapper and I sold a 23 straddle instead. And we are riding it into next week!
rustle123 (premium) - June 24th, 2011 at 2:34 pm
I cashed in this morning and haven’t had a trade since. After yesterday, today is a pretty dull market. Back in mostly cash and just rather stay flat til Monday. Like you said Phil, sometimes it’s just better to walk away for awhile. Thanks for another great week!
dday97 (premium) - June 24th, 2011 at 12:24 pm
Out of today’s USO puts. Up .30. Need another trade like that to pay these septic guys
stjeanluc (premium) - June 24th, 2011 at 11:45 am
FAS Income – If you day trade and have not cashed in the 23 calls, now would be a good time as they can bring about $0.32 from an entry at $0.95.
rainman (premium) - June 24th, 2011 at 11:22 am
Phil / FCX — I took a position in this one after they split and since febuary, have collected $14.22/share, almost 2%/week Another benefit of scaling in, is that if you REALLY want to own more shares, you can sell agressive puts and smile when you don’t get the shares!
rustle123 (premium) - June 24th, 2011 at 10:49 am
out of my rebuy of DIA puts yesterday. Rather take the quick profits then risk another whiplash "Greece is Fixed" comeback.
Thursday Thump - The Bernanke Bottom [View article]
I don't post here regularly anymore. We're at philstockworld.com every day - some days the posts are free to the public and SA picks them up once in a while.
Thursday Thump - The Bernanke Bottom [View article]
To bait oil futures withal: if it will feed nothing else, it will feed our revenge. They hath disgraced us, and hindered us half a dollar per gallon; laughed at our losses, mocked our gains, scorned our nation, thwarted our attempts to economize, cooled solar subsidies, heated their yachts and summer homes; and what's their reason?
I am a Consumer. Hath not a Consumer eyes? Hath not a Consumer hands, organs, dimensions, senses, affections, passions? Fed with the same food, hurt with the same weapons, subject to the same diseases, healed by the same means, warmed and cooled by the same winter and summer utility bills, as a Speculator is?
If you prick us, do we not need medical care? If you lay us off, do we not need unemployment? If you retire us, do we not eventually die? And if you overcharge us for commodities, shall we not seek Revenge? If we are like you in the rest, we will resemble you in that.
If a Consumer wrongs a Speculator, what is his humility? Revenge! If a Speculator wrongs a Consumer, what should his sufferance be by speculative example? Why, revenge. The villainy you teach us, we shall execute, and it shall go hard but I will better the instruction.
Thursday Thump - The Bernanke Bottom [View article]
As to the bear trap - yes, we took money and ran at $90 on oil shorts too. Now we'll see if they can pump it back up to a level that let's us short it again.
Your risk comes into play only if RIMM falls below $105, otherwise both positions expire worthless and you keep the .75 credit. Obviously RIMM COULD fall back below $105 for the first time since pre earnings last week but they were REALLY good earnings and it's all about the likelihood of the failure.
If we felt less strongly about the fact that $105 would be a firm floor for RIMM, we could also sell the $130s at $1.47 against the $135s for .85, netting another .58 and creating a condor. This lowers the total risk to $3.92 as both sides can't lose at once but it now gives us a way (albeit unlikely) to lose to the upside.
These spreads are a great way to make money but - just like being the house roulette, on any given spin you can lose big but, over the long haul, the odds are very much in your favor.
Thursday Thump - The Bernanke Bottom [View article]
Here's a few comments from today's Member Chat (sorry, no complaints today):
jromeha (premium) - June 24th, 2011 at 3:54 pm
Phil- took a 15 min break and caught your /yg play. Made a quick $100…. You just paid for a few swim lessons for my soon to be 3 y/o daughter or a nice meal out this weekend. Thank you, You rock, and Have a good weekend…
stjeanluc (premium) - June 24th, 2011 at 3:51 pm
Sold 23 Calls for 0.95 (9:35), covered with around $0.30 profit between 11:00 and 13:00.
Sold 24 Put for 1.20 now around 1.50
I am not sure we should rush to sell another call yet, but Phil can tell me otherwise!
Lapper and I sold a 23 straddle instead. And we are riding it into next week!
rustle123 (premium) - June 24th, 2011 at 2:34 pm
I cashed in this morning and haven’t had a trade since. After yesterday, today is a pretty dull market. Back in mostly cash and just rather stay flat til Monday. Like you said Phil, sometimes it’s just better to walk away for awhile. Thanks for another great week!
dday97 (premium) - June 24th, 2011 at 12:24 pm
Out of today’s USO puts. Up .30. Need another trade like that to pay these septic guys
stjeanluc (premium) - June 24th, 2011 at 11:45 am
FAS Income – If you day trade and have not cashed in the 23 calls, now would be a good time as they can bring about $0.32 from an entry at $0.95.
rainman (premium) - June 24th, 2011 at 11:22 am
Phil / FCX — I took a position in this one after they split and since febuary, have collected $14.22/share, almost 2%/week Another benefit of scaling in, is that if you REALLY want to own more shares, you can sell agressive puts and smile when you don’t get the shares!
rustle123 (premium) - June 24th, 2011 at 10:49 am
out of my rebuy of DIA puts yesterday. Rather take the quick profits then risk another whiplash "Greece is Fixed" comeback.
Thursday Thump - The Bernanke Bottom [View article]
Thursday Thump - The Bernanke Bottom [View article]
it will feed our revenge. They hath disgraced us, and
hindered us half a dollar per gallon; laughed at our losses,
mocked our gains, scorned our nation, thwarted our attempts to economize, cooled solar subsidies, heated their yachts and summer homes; and what's their reason?
I am a Consumer. Hath not a Consumer eyes? Hath not a Consumer hands, organs, dimensions, senses, affections, passions? Fed with the same food, hurt with the same weapons, subject to the same diseases, healed by the same means,
warmed and cooled by the same winter and summer utility bills, as
a Speculator is?
If you prick us, do we not need medical care? If you lay us off, do we not need unemployment? If you retire us, do we not eventually die? And if you overcharge us for commodities, shall we not seek Revenge? If we are like you in the rest, we will resemble you in that.
If a Consumer wrongs a Speculator, what is his humility? Revenge! If a Speculator wrongs a Consumer, what should his sufferance be by speculative example? Why, revenge. The villainy you teach us, we shall execute, and it shall go hard but I will better the instruction.
Thursday Thump - The Bernanke Bottom [View article]
Thursday Thump - The Bernanke Bottom [View article]
Bull Put Spread Idea [View article]
If we felt less strongly about the fact that $105 would be a firm floor for RIMM, we could also sell the $130s at $1.47 against the $135s for .85, netting another .58 and creating a condor. This lowers the total risk to $3.92 as both sides can't lose at once but it now gives us a way (albeit unlikely) to lose to the upside.
These spreads are a great way to make money but - just like being the house roulette, on any given spin you can lose big but, over the long haul, the odds are very much in your favor.
Friday Outlook [View article]