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Gel1…..I've been here 6 months, mostly watching and learning. Lots of smart people on the site and I've learned a lot from Phil and many others. //// Inflan - I have to trump your sentiments regarding the wisdom of the board. I have to thank Phil and the many contruibutors for a 80% profit for 2009. I have learned a lot and am still learning ( even occasionally about political issues - ha! )

- Iflantheman & Gel1

Phil: well, often you say, just for FUN, great comment, TXS, closed 2 SKF positions, one with 10 % , the other with 6 % gain,

- RMM

Phil, I was so impressed with the personal note in the comments that I went ahead and paid for a months trial of premium that I have been on the fence for awhile about. Just reading the comments makes me already glad for the purchase.

- Smasher

Phil, Passed a milestone today since joining 2 months ago. 25% of my account is in buy/writes, bull call spreads and disaster hedges. A majority of the trades were taken directly from your ideas or someone else`s contributions. Some were daytrades that became spreads. That part of my account is up 30% as of today. I don`t worry about it, or mess with it much, did a few rolls etc. Rest of the account is there to day trade, cover the writes and take advantage of opportunities. Thanks to everyone who contributes here, what a sweet way to trade, so many opportunities.

- Ben1Be

Phil/Everyone here/Thank you - What everyone here with their insightful comments (including yourself) has helped me with is that I'm greatly increasing my ability to trade more psychologically neutral, although I've got a ways to go. Two years ago I'd wake up early and my heart would race if futures weren't pointing exactly how I wanted… I've noticed an exponential leap in my discipline skills especially over this past two weeks. The old me would have ran with that trade for profits without even asking. Now I know that there are ALWAYS more trades and that I have PLENTY of options to turn a bad trade even. Also, it's more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol' Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? I'd love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results. Both COF and my past DMM venture have been excellent learning experiences. Thanks, everyone. I look forward to further lessons.

- Skasiah

Phil, I have the SRS 2011 $7.50 short puts you recommended awhile back. I sold them for $2.20 and now $1.51 (up 31%) although SRS has been down since inception. This was a nice mellow way to play it like you said, thanks.

- Jomptien

Looking over your main themes last week, the "China may fall first" and "if you missed it previously, Thurs am gives you a second chance to short" were absolutely on target. I had to rely on stop-losses because of my schedule but just those two calls could have been worth a small fortune. Keep it up and I look forward to your new portfolio.

- Ocelli

Its been a "perfect" month. Every stock I wrote calls against looks like it will be called away next week, every put I wrote will expire worthless. Thanks Phil, now I need some new buy/write candidates, or the new 100K portfolio….

- Barfinger

Phil - I caught the interview…. terrific!. Your host recommended that the viewers should " go to your site, as you will be entertained ". That is for sure if you consider entertainment is laughing while you read, learn and make unbelievable leveraged profits that you never thought were possible. That is my kind of entertainment !

- Gel1

I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. I have had an expensive education on what not to do- what is past is past- I am looking forward to profitable/fun future.

- Pstas

I read with great interest your statement the other day that the DX is unlikely to break 76 or there will be great hell to pay, torrential amounts of tears shed, and gnashing of dentures all over the world. Well. I have had several short DX contracts in the $78ish range during the last month and upon your two statements 1) don't be greedy, and 2) 76 could be a bottom, I yesterday put a buy GTC order to close my positions at 76 and for some inexplicable reason the DX spiked down after the close and now I can safely say that once again you have confirmed for me that you have been one of the best investment services I have yet to come across. Almost to the point that I'm beginning to think that maybe I'm completely wrong about my political stance as well. Almost. In any event, I wanted you to know that this has been my third execution based on your comments and recommendations that I have followed and this one has also worked to my advantage. My subscription fee has been more than justified for the next year and there's some left over to pay for my stay in Toronto this week, dinner at Joso's in the Yorkville section of town. If I smoked I'd have a Montecristo to salute you. Be well, stay well.

- Flipspiceland

Phil is a master at keeping you laughing, as well as making you money. - It is like " laughing all the way to the bank!"

- Gel1

Well that was a fun day. Cashed out my GS 140 calls for about 35% profit and my AAPL calls for 38% gain. Not bad for 40 minutes of work. Back to 85% cash.

- Singapore Steve

Wow, Phil, we pretty much made your levels. Your levels: Dow 7,404, S&P 775, Nas 1,466, NYSE 4,839 and RUT 402 My sceen is showing: Dow 7,404, S&P 777, Nas 1,462, NYSE 4,868 and RUT 404

- Jordan

Phil fantastic call on the markets… I owe you BIG…thanks and have a great weekend!

- Kustomz

I have been trading for quite a few years and in good years made about 25%. After joining PSW, I followed closely the PSW strategy and my trading profit for this year is close to 70% to date. For fun, I like to mix in a few "Hail Mary" plays that really worked out well, but overall the simpler Buy/Write strategy, as presented by Phil so often, created the majority of the profit.

- Gel1

I doubled down on our USO June $35 puts on Tuesday afternoon and listened to your posting yesterday and sold 1/2 midday and the rest I sold (luckily) at the top of the market yesterday with the last 1/4 of my contracts at 100% return in less than one day!

- Samlawyer

I have been here a year, and made most of my money back from the 14K fall. The people here are more than willing to help whe Phil cannot get to it. FWIW - This site is my brokerage firm, I was with Wells Fargo Portfolio and it was costing a fortune to trade, the costs here are more than offset with the data, trade ideas and profits you should make.. and I get a chuckle out of Cap and Phil's rantings on healtcare, guns, oh, yeah, and government….

- Pharmboy

Don't expect to get rich quick here, but you can get easy 30 - 50 % per year, just by buying good stocks at discount (as we often discuss), selling monthly premiums of calls and puts.

- Tchayipov

I can't believe it. After 2 Months of reading every post of every section on this site, the light bulb finaly went on. I was begining to think this was beyond me capacity to understand. Thanks Guys. Specifically Phil, Pharm, Cap, Matt. Im still Green as a leprechaun but I pulled the trigger on that SRS Vertical you laid down yesterday Phil. Very Clever. Now if I can just figure how to roll I migh make some money. Thanks for sharing, This community you have here is quite remarkable.

- Zucko

Phil - I just referred 10 people. Last week was a 50% gainer for me. There are companies that want to sell mentoring service for thousands of dollars. This is far better of a deal with very good advice.

- Steve

Phil…..You have absolutely NAILED IT! This is not a bull market, nor is it a bear market. It is a Rangeish market, and it's going to stay that way for a long time (the latter is my prediction. I love the word. What I love more is the fact that I've found someone with some investing intelligence greater than mine who can assist me in playing this type of market. Your description today of how it's playing out is right on. I predict some media ‘guru' will steal your word and your description within the next few days and we'll all get to read about what ‘they' discovered about this market. Thanks Phil!

- Iflantheman

As a fellow "low-end" investor I like Phil's Buy/Write strategy on solid stocks. Before I came here I loved to try to "figure things out" with very little success "TRYING TO FIGURE THINGS OUT"! I traded too much and fell in love with stocks that "should have done" what they didn't do. Now a majority of my accounts are in Buy/Writes suggested here or cash (waiting for a better time for more Buy/Writes). I use 15-20% of my total holding to short term trade and hedge. This is manageable with my full time job as a business owner. I have found Phil's system a more discipline way to achieve the returns I want without relying on my ability (more like inability to "figure things out").

- DCalrk41

Phil: I have 263 positions - 70% in options ( balance stocks) in three portfolios with a value of 3 mil. YTD profit is about $750,000. Thanks!

- Gel1

Have been a member for about 6 months or there abouts. Signed up for a quarter at first and then for a year. To me, and it's only my opinion, it's an investment and I have made the membership fees back many times over on the strategy advice. Since joining and implementing the strategy of buy/writes and hedges I have cut my portfolio losses for the year and have a really good chance of going positive this year. If I would have continued down the road I was on, I would still have been fumbling around without a strategy and completely inept in what I was doing. I feel now the strategy is working and I am far more comfortable with the risks I am taking. I still have a lot to learn but I feel the fees have been one of the best investments I have made. The returns have been fantastic. Still have problems with the politics but hey nobody is perfect

- DKGuy

Phil - I'm with you just little bit longer than a month and you can not imagine how happy I am now, and not just because my P/L improved ( and I'm sure that it will be even better), but I found that the worst thing in trader's carrier is a LONELINESS. Here I found so many bright good guys, I looked for this service for years. THANK YOU AND TAKE GOOD CARE OF YOURSELF BECAUSE I PLAN TO STAY HERE AND RIDE THIS CREASY MARKET WITH YOU FOR ANOTHER 20-30 YEARS

- Tchayipov

AMZN ... thanks Phil; boy did they run a squeeze on everyone there ... made me sweat ... scaling helped! I think AMZN has an 85 handle tomorrow ... maybe lower.

- Cap

Phil - Thanks for the welcoming gift of the POT at a buck Just paid for this month and my membership is not even 24 hours old! looking forward to many more - bk

- Bjkeck

Peter D, Just a note of thanks. Eight weeks ago, I entered my first RUT strangles, when the RUT was at 625. Tomorrow, I will let them expire, with the RUT at 625 (give or take). I didn't care when the RUT went to 650, nor when it dropped to 590. Easiest, no touch money I've made in a long time.

- Judahbenhur

GLD I took out my callers and rolled down my longs this morning, woo hoo!

- Ephmen85

Archive for October, 2007

Spooky Federal Wrap-Up

by Phil - October 31st, 2007 10:15 pm

The markets were just loving the Fed today!

It was an interesting day overall as we started off the day with a not too scary GDP report that showed 3.9% growth in Q3. The markets ran with the news but, like all good scares, the report was pretty creepy if you look under the covers:

Government spending jumped 3.7% (this is how our government pumps numbers before an election and this is why Bush is so pissed the Dems won’t give him more money to toss around) – that number on it’s own added 0.7% to the GDP. Exports added 0.9%, not because the economy got better, but because our dollar is now worth less than the toilet paper we export. Inventories added 0.4%, that’s stuff sitting around that no one is buying and it’s value is increasing because of inflation – that’s not really good…

Wages were up 0.8% for the month, one would think a 9.6% annual pace of wage increases is inflationary but not our Fed – they don’t believe in the inflationary Boogie Man (or more accurately, they worship at his altar). Meanwhile our friends at MA were very busy taking candy from strangers and charging them an average of 18.8% interest to do it. Even at those terrifying rates, credit card receivables are up over 30% from last year with $14.33Bn added in October alone! "Obviously, the U.S. consumer is under some level of stress. But it is not a severe stress," said chief financial officer Chris McWilton in an interview with The Associated Press. He added that weakness in low-end and middle-range retail spending has been offset by strong spending among the affluent.

A 3% rise in consumer spending (apparently on credit cards) contributed a full point to the GDP but, unfortunately, ALL of that extra money was spent on food and energy – the same food and energy that cost 3% less in the quarter before (but, according to our government, was not inflationary). So this 1% of our GDP added no jobs, but did push consumers 30% further in debt than they were last year (cue spooky music). That’s 1% of our GDP spent on inflating necessities, 0.7% spent by Bush on whatever, .09% spent by foreigners taking advantage of a weak dollar (is that sustainable?) and 0.4% added by increased inventories for a grand total of 3% of our 3.9%…

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Wednesday Portfolio Moves

by Phil - October 31st, 2007 7:29 pm

October 31st, 2007 at 9:43 am | Permalink edit

Very quite this morning, everyone must be checking out the portfolios. I hope that was worthwhile for you guys but I figure it’s better than going over every position one by one when everyone needs to position ahead of the fed.

I’m not buying this rally right now, I’m just not seeing the overall strength and the SOX are already failing.

DRYS is making a huge comeback but it was a Cramer pump last night. He told his viewers to DD so I’m not putting too much stock in it (but I sold $130 puts against my remianing positions). If they can’t take out $115 with authority, they’ve got big problems.

POT is moving down, I like the $115 puts as a mo play, XXX

October 31st, 2007 at 9:44 am | Permalink edit

Sorry that was $3

October 31st, 2007 at 9:48 am | Permalink edit

$10/25KP – Took out LVS $135 caller at $5.50 (couldn’t turn that down). Will sell $130 calls later, hoping for a nice bounce. WYNN puts are cashed out.

October 31st, 2007 at 9:52 am | Permalink edit

NEM – woo hoo on this move! No, they have a long way to go up and that makes all gold a BUYBUYBUY as my premise is intact and they are just minting money at this point (in retrospect, isn’t that kind of obvious?).

I’m back in them with the Jan $50s, now $2.80 and I’ll sell the Nov $50s or whatever when and if it turns. XXX

October 31st, 2007 at 9:54 am | Permalink edit

I like the GOLD Jun $40s at $4.35, we can sell the current $40s for about a buck or more later.

October 31st, 2007 at 10:02 am | Permalink edit

SPWR – took profits on that too early but I had CY and it seemed redundant. Oh yeah, and FSLR..

Holy crap! Chicago PMI report was 49.7 – that’s contraction!!! First time since February (when we crashed): http://www.econstats.com/rt_chi_pmi.htm

Construction spending up .3% but August was revised to down .2% from positive so these numbers are total BS.

October 31st, 2007 at 10:17 am | Permalink edit

Boeing Buddy BEAV is breaking ATH.

GOOG $703! DELL cranking.

BWLD – I feel bad, I never took it because it was so weak looking into the close but let me know…

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Which Way Wednesday? Fed Edition!

by Phil - October 31st, 2007 9:16 am

OK – we did a very extensive portfolio review and I’m miles behind so this will be super quick:

I AM SO GLAD WE HAVE A DOW STRANGLE!

Who know what the heck is going to happen today? The GDP came in better than expected, the ADP jobs report looked strong, oil is calming down and the pre-markets are popping (but still not back to yesterday’s open).

I wrote a couple of very long comments this morning under yesterday’s post and I strongly advise people read it as they discuss rolling in detail as well as overall strategy, I always say I will turn them into articles but I never do so thank goodness for K1′s project where we will hopefully salvage some of these!

The Fed absolutely should NOT cut rates today, the economy grew at 3.9% EVEN THOUGH housing was collapsing. All a rate cut will do is stoke inflation and IT IS THEIR MANDATE TO FIGHT INFLATION, NOT LINE SPECULATOR’S PROFITS! A rate cut is still considered "in the bag" on the futures market as the governors are under enormous political pressure to deliver a good market into next week’s elections.

All I can say about today is that I took my naked positions off the table yesterday and moved closer to cash. I’m sure we’ll find something fun to play tomorrow…

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The Happy 100

by Phil - October 31st, 2007 9:15 am

This one is off to a very slow start.

We have left this alone pre Fed and will hopefully have more picks once the market sets a direction. We are glad we covered IBM and sad we covered HXL and we wish we’d covered IMCL when it was much higher. I have no adjustments on these yet as none are down far enough to warrant a move so let’s see what the day brings:

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

AMGN

20 JAN 08 55.00 AMGN CALL (YAAAK)

$ 9,310.00

10/9/2007

$ 8,400.00

$ -910.00

-9.8 %

Total Gain/Loss for AMGN

$ -910.00

-9.8 %

HXL

20 JAN 08 22.50 HXL CALL (HXLAX)

$ 5,910.00

9/26/2007

$ 5,900.00

$ -10.00

-0.2 %

20 OCT 07 22.50 HXL CALL (HXLJX)

$ 0.00

10/12/2007

$ 990.00

10/19/2007

$ 990.00

100 %

20 NOV 07 22.50 HXL CALL (HXLKX)

$ 4,200.00

10/23/2007

$ 2,490.00

$ -1,710.00

-68.7 %

Total Gain/Loss for HXL

$ -730.00

-7.2 %

IBM

20 JAN 08 120.00 IBM CALL (IBMAD)

$ 9,190.00

9/6/2007

$ 6,000.00

$ -3,190.00

-34.7 %

20 OCT 120.00 IBM CALL (IBMJD)

$ 2,410.00

9/10/2007

$ 4,790.00

10/4/2007

$ 2,380.00

49.7 %

20 OCT 115.00 IBM CALL (IBMJC)

$ 7,410.00

10/4/2007

$ 6,990.00

10/8/2007

$ -420.00

-6.0 %

20 OCT 120.00 IBM CALL (IBMJD)

$ 3,810.00

10/8/2007

$ 3,390.00

10/10/2007

$ -420.00

-12.4 %

20 OCT 07 120.00 IBM CALL (IBMJD)

$ 210.00

10/11/2007

$ 5,690.00

10/17/2007

$ 5,480.00

96.3 %

20 OCT 07 115.00 IBM CALL (IBMJC)

$ 0.00

10/17/2007

$ 390.00

10/19/2007

$ 390.00

100 %

20 NOV 07 115.00 IBM CALL (IBMKC)

$ 4,100.00

10/19/2007

$ 3,990.00

$ -110.00

-2.8 %

Total Gain/Loss for IBM

$ 4,110.00

15.1 %

IMCL

20 JAN 40.00 IMCL CALL (QCIAH)

$ 11,010.00

9/24/2007

$ 10,600.00

$ -410.00

-3.7 %

Total Gain/Loss for IMCL

$ -410.00

-3.7 %

Total Gain/Loss

$ 2,060.00

3.6 %

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Our Stocks

by Phil - October 31st, 2007 9:11 am

Also, how tedious, how dull, yet they are up 50% on the year because I take 10% profits off the table all the time!

My other big booster for this portfolio is my entry system, which is to sell puts of something I want to buy. The more I want to buy it, the tighter the put I’ll sell but those give me nice bonuses on a regular basis. If you enter a stock position and you’re already up 2% because you sold puts in order to buy it, that’s a pretty good start!

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

END

500 ENDEAVOUR INTL (END)

$ 1,085.00

6/7/2007

$ 965.00

6/8/2007

$ -120.00

-11.1 %

Total Gain/Loss for END

$ -120.00

-11.1 %

FIZZ

5000 National Beverage Corp. (FIZZ)

$ 57,410.00

5/1/2007

$ 64,740.00

6/20/2007

$ 7,330.00

12.8 %

Total Gain/Loss for FIZZ

$ 7,330.00

12.8 %

FNF

2000 Fidelity National Financial Inc. (FNF)

$ 29,810.00

10/25/2007

$ 31,260.00

$ 1,450.00

4.9 %

Total Gain/Loss for FNF

…

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The Complex Spreads

by Phil - October 31st, 2007 9:06 am

These are not so complex anymore.

I took the opportunity to get out of Google into the intial excitement the protfolio is now mainly cash with two huge GOOG and one huge APPL positions remaining. I’ll be day trading these up and down but I decided that, if I’m going to play more GOOG, I will content myself to use what I have left, I’m not putting in new money at $700 (but I will dive in if they pull back to $620).

The reason I dumped out of Apple and Google was not because I don’t like them anymore, it’s just that I had a sickening amount of paper profits and I know from experience how mad I would be at myself if I blew it. With the Fed coming up, it just wasn’t worth the risk anymore.

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

AAPL

20 JAN 150.00 AAPL CALL (VAAAW)

$ 13,610.00

5/10/2007

$ 121,300.00

174

$ 107,690.00

791.3 %

20 NOV 07 180.00 AAPL CALL (APVKP)

$ 20,700.00

10/23/2007

$ 21,990.00

$ 1,290.00

5.9 %

Total Gain/Loss for AAPL

$ 108,980.00

317.6 %

AMZN

10 NOV 07 100.00 AMZN PUT (ZQNWY)

$ 12,100.00

10/22/2007

$ 11,890.00

$ -210.00

-1.8 %

10 NOV 07 110.00 AMZN CALL (QZNKB)

…

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The Long-Term Portfolio

by Phil - October 31st, 2007 9:00 am

The LTP is based on a different strategy so we expect to have high average gains (in fact, if we aren’t getting high average gains we boot the position). The average open position here is up 60% and most of them are ’09 or later so you can imagine what the total gains will be in 6 more months of following this strategy!

We do not rush in and out of positions in the LTP. If we are up 40% on a caller, we set a 20% (of the profit) trailing stop but we then quickly look to recover with another position, even if we go back to the same guy! These positions are not meant to be naked BUT, in this particular environment, we have mor open positions in the LTP than the STP because they are insulated by time so I’m willing to chance the Fed. Even so, the open calls are balanced by the XOM puts (really an STP play as it’s just Jan now) and the QQQQ puts, which are really redundant protection to the STP now so will not let those go below even.

This is a portfolio I will be very proud with if I don’t have to touch it today. It’s up 312% at the moment and as long as it doesn’t dip below 306% as a group, I’ll be a lot more concerned with my closer positions:

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

AAPL

100 APR 08 175.00 AAPL CALL (APVDO)

$ 114,020.00

7/25/2007

$ 308,000.00

$ 193,980.00

170.1 %

10 JAN 10 150.00 AAPL CALL (WAAAJ)

$ 35,010.00

9/6/2007

$ 73,300.00

$ 38,290.00

109.4 %

10 NOV 07

…

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The Short-Term Portfolio

by Phil - October 31st, 2007 8:51 am

There is no way to list out all open and closed positions but these are the open ones.

One thing you should notice about this portfolio, as well as the $10KP and $25KP is the AVERAGE gains. In the STP, since I work hard to save every position and have a ton of cash, the average gain is 38.7%. I tend not to leave positions open that are up more than 50% because that is a lot of money!

In the $10KP the average of all open and closed trades is just 9.7%, yet it doubled in a month. This is probably the most important thing you can learn about trading. Like the elephant said (sort of) a win is a win, no matter how small… In the $25KP our average gain was 12.8%. The main reason for the differences is – the less cash I have, the faster I take a profit. Taking profits gives me more cash for next time. Not taking a profit gives me no cash but looks pretty. I’ve learned that pretty only gets you so far in life, once you turn 40 people are a lot more interested in the cash!

There are very few uncovered positions left and mainly it’s because they weren’t worth covering so we’re going to just have to go with the flow on these today. My main plan is to use the mattress plays first and worry about repostitioning individual positions later. At this point, if my callers get blown into the money – so what? As long as we don’t lose I’m going to be very happy to wiggle out of the rest but I will have 20% stops on any caller I’m up more than 30% against (ie. before I’m only up 23%).

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

AAPL

40 NOV 07 200.00 AAPL CALL (APVKT)

$ 8,210.00

10/30/2007

$ 6,560.00

$ -1,650.00

-20.1 %

40 NOV

…

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The $25KP

by Phil - October 31st, 2007 8:39 am

Same comments as $10KP which were (since it’s silly to have to look at a different post):

We had a lot of luck on this this week so let’s not blow it!

We need to keep tight stops. On the spreads, this means pay attention to the profits on your spreads and don’t get out if it starts declining. We could shut this thing down right now at $23,829 and call it a good quarter so it would be insane to take chances, especially if this represents a significant investment for you.

Obviously we need to watch LVS and TSO closely as we have a lot tied up in each and watch FNF around the Fed because if we don’t get a pop today, that may be it for that position! It would be nice if UTHR works (currently down $1,165 on paper) but if get through LVS earnings within $5 of my $135 target, we should be in very good shape at the volatility crush destroys our caller. Rather than buy out our $135 caller ahead of earnings, let’s roll our Dec $140s back to Jan $140s for $2.30.

Additionally, specific to the $25KP, we need to watch that NEM position if it doesn’t come back soon and the Apr MSFT needs to be rolled up to the $35s but we’ll hold off covering them unless they slip below $35.50. CAKE is tight and we need to keep a tight stop (.75) on the callers in case sentiment changes re the consumer.

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

CAKE

5 JAN 08 22.50 CAKE CALL (CFQAX)

$ 1,265.00

10/2/2007

$ 675.00

$ -590.00

-46.6 %

15 JAN 08 22.50 CAKE CALL (CFQAX)

$ 3,815.00

10/2/2007

$ 2,025.00

$ -1,790.00

…

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The $10KP

by Phil - October 31st, 2007 8:31 am

We had a lot of luck on this this week so let’s not blow it!

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

CAKE

3 JAN 08 22.50 CAKE CALL (CFQAX)

$ 759.00

10/2/2007

$ 405.00

$ -354.00

-46.6 %

7 JAN 08 22.50 CAKE CALL (CFQAX)

$ 1,791.00

10/2/2007

$ 945.00

$ -846.00

-47.2 %

5 OCT 07 25.00 CAKE CALL (CFQJE)

$ 60.00

10/8/2007

$ 190.00

10/15/2007

$ 130.00

68.4 %

7 NOV 07 22.50 CAKE CALL (CFQKX)

…

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Phil's Favorites

Jobless Claims Improve, Leading Indicators Decline: Economic Report Card

September 22nd, 2011 5:36 pm

Courtesy of John Nyaradi.

Jobless claims improve while leading indicators decline in today’s economic report card

by Wall Street Sector Selector Staff

Weekly jobless claims declined to 424,000 from last week’s 432, 000 but stubbornly stayed above the all important 400,000 level for another week.

August Leading Indicators came in at +0.3% compared to 0.5% for July, as the economy continues registering weakness.

Good news came from July Home Prices which rose to +0.8% from the previously reported +0.7%.

But the biggest economic news of the week came yesterday when the Federal Reserve said it saw “significant downside risks to the economic outlook, including strains in global financial markets.”

Global stock markets responded negatively yesterday an...

Insider Scoop

Priceline.com Trades Higher on Q1 Earnings Results (PCLN)

May 5th, 2011 5:10 pm

Courtesy of Benzinga

Shares of Priceline.com Incorporated (NASDAQ: PCLN) are trading higher in the after-hours following the release of its Q1 earnings results. Currently, shares are up 2.74%, trading at $548.60; they closed the regular session down 0.67 %, at $533.97.

The company said that its Q1 EPS came in at $2.66 on revenues of $809.3 million; this compares to the Street's estimate of $2.46 per share on revenues of $779.5 million. Revenues rose 38.6% year over year.

"In the 1st quarter, the Group benefited from strong growth in our global hotel business, particularly at Booking.com and Agoda," said Jeffery H. Boyd, Priceline President and Chief Executive Officer.

He added, "Room nights booked grew by 55.8% and our international gross bookings grew by 79% compared to prior year...

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Zero Hedge

Fukushima Explosion Update: Core Presumed Intact As Sea Water Used To Bring Temperature Down, Radiation Level At 1015 Microsieverts/Hour

March 12th, 2011 9:41 am

Courtesy of Tyler Durden

The damage control to the Fukushima explosion reported earlier is coming fast and furious. According to CNN, "the explosion at an earthquake-damaged nuclear plant was not caused by damage to the nuclear reactor but by a pumping system that failed as crews tried to bring the reactor's temperature down, Chief Cabinet Secretary Yukio Edano said Saturday. The next step for workers at the Fukushima Daiichi plant will be to flood the reactor containment structure with sea water to bring the reactor's temperature down to safe levels, he said. The effort is expected to take two days." While the government is trying to play down the threat from the explosion, it has nonetheless double the evacuation zone radius from 10 to 20 kilometers: "Radiation levels have fallen since the explosion and there is no immediate danger, Edano said. But authorities were nevertheless expanding the evacuation ...

Chart School

The Mega-Bear Quartet and L-Shaped "Recoveries"

March 12th, 2011 9:35 am

Courtesy of Doug Short

Note from dshort: I retired this chart series last summer in deference to my prefered inflation-adjusted series that aligns the S&P 500 2000 high with the Nikkei peak in 1989. However, I continue to receive requests for this version, despite the "V" shape of the the recovery since the March 2009 low. This chart series overlays the current S&P 500 with the L-shaped "recoveries" after the Dow Crash of 1929, the Nikkei 225 after Japan's 1989 bubble, and the post Tech Bubble NASDAQ. Click the chart below for a larger version and use the links to see various comparisons.

Click for a larger image

I've ...

Sabrient

Sabrient Risers - 3/12/2011

March 12th, 2011 12:00 am

Top 5 RisersStockRatingAnalysisVLOSTRONGBUYAn increasingly positive growth rate of past earnings, along with improving expectations for long term growth, make Valero a good prospect for high returns.KROSTRONGBUYKronos Worldwide has been gaining recognition from analysts as a good canditate for achieving higher than expected earnings along with higher overall projected valuation.SFIBUYiStar is one of the top candidates projected to achieve both higher than previously projected earnings in the short run and a higher earnings growth rate in the long run.AMATSTRONGBUYApplied Materials has been...

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Option Review

Bulls Scoop Up Sprint Nextel Corp. Calls

March 10th, 2011 4:33 pm

Today’s tickers: S, FTR, JTX & SBUX

...

OpTrader

Swing trading portfolio - week of March 7th, 2011

March 6th, 2011 11:25 pm

This post is for live trades and daily comments. Please click on "comments" below to follow our live discussion. All of our current virtual 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 portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading portfolio (strategy, performance, FAQ, etc.), please click here

Optrader

Swing trading portfolio

One trade portfolio

...

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Stock World Weekly

March 6th, 2011 8:22 am

Here's the newest Stock World Weekly: Illusion Based on a Fantasy

Comments welcome... share your thoughts.

Download Newsletter 3/6/11

Stock World Weekly archives here >

...

more from SWW

Pharmboy

Biotech Junkies Update and Momenta Pharma Moving Forward

March 1st, 2011 9:42 am

February is now past, and the Biotech Porfolio is loaded with winners and a miss (PLX). MRK is down a bit, but I expect that trade to recover, and one could be more agressive and double down on it, or play another round at the Jan13 $30 options for roughly the same price. Below is the summary, and note the grey boxes are ones that did not fill. I am still a fan of BMRN, and like DEPO as well. Now let's look at a few others.

Table 1. PSW Biotech Plays Since January 2011

&amp;amp;amp;amp;amp;amp;amp;nbsp;

Our newest play is Momenta Pharmaceuticals (MNTA), who is pursuing a three-part business model which includes complex generic equivalents in partnership with the Sandoz division of Novartis, proprietary compounds, and follow-on- biologics (FOB). It seems that this company is tied up in competition/litigation wit...

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