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I hoping next 2-3 weeks sees another pull back on China sector. I'm going to buy CHAU and YINN on a pullback and watch my short timing indicators to do so. The communist government does anything and everything to keep the economy going as well as keep the market from crashing much further. China is still growing each year so that will eventually get reflected in the market. I've sold a lot of puts on those ETFs which expire today worthless, thus I keep all the premiums I've collect for a nice gain. I'm selling puts for Aug expiration. I know there are no dividends on these plays, but selling options is kind of like collecting a dividend income. Anyone doing similar trading?

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My subscription suggests to sell CHAU puts in August because the IV is very high for this leveraged ETF. I'm not sure that is a good play because leveraged ETF will move 2X so the high IV is really double what it should be.
It is still quite high so I'll sell some puts on CHAU and see how it turns out.

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My subscription service emailed me about the average return for August and September for SPY since 1950 is NEGATIVE for each month. I guess that will be tough making significant profit going long, or if I do have a profit I should take it (tax deferred account). Interesting.

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FWjunkie2 said:   ORC cuts dividend to $0.14/sh and stock price drops to under $10/sh. Still paying over 17% then. But it has hit a historical new low at $9.77 today and there is no other support level.
Closed at $7.77 today...

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diffeldoof said:   
FWjunkie2 said:   ORC cuts dividend to $0.14/sh and stock price drops to under $10/sh. Still paying over 17% then. But it has hit a historical new low at $9.77 today and there is no other support level.
Closed at $7.77 today...

 " $7.77 " is not a lucky number here.  Lower and lower it goes, where it stops nobody knows...

I'm stalking some pharma stocks like JNJ, PFE, BMY, LLY.   Hope they drop more!

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FWjunkie2 said:   I hoping next 2-3 weeks sees another pull back on China sector. I'm going to buy CHAU and YINN on a pullback and watch my short timing indicators to do so. The communist government does anything and everything to keep the economy going as well as keep the market from crashing much further. China is still growing each year so that will eventually get reflected in the market. I've sold a lot of puts on those ETFs which expire today worthless, thus I keep all the premiums I've collect for a nice gain. I'm selling puts for Aug expiration. I know there are no dividends on these plays, but selling options is kind of like collecting a dividend income. Anyone doing similar trading?
  I'm concerned that the PMI on China dropped to about 48%.  Now a pull back in the CHAU and YINN ETFs will be hard to turn around if the future GDP is contracting.  I'm watching and waiting for both to fall to another support level.  CHAU is about $22,  YINN is about $25.  But that PMI is a big problem.
 

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FWjunkie2 said:   
diffeldoof said:   
FWjunkie2 said:   ORC cuts dividend to $0.14/sh and stock price drops to under $10/sh. Still paying over 17% then. But it has hit a historical new low at $9.77 today and there is no other support level.
Closed at $7.77 today...

 " $7.77 " is not a lucky number here.  Lower and lower it goes, where it stops nobody knows...

I'm stalking some pharma stocks like JNJ, PFE, BMY, LLY.   Hope they drop more!

  
ORC at $8.24, up over 6% today. 

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looks like $7.77 was actually a lucky number !! (if you bought the shares there.
I'm still stalking the pharms and china ETFs...  Anyone trading index options here... sort of like dividends if you sell deep out of the money options...
One of my subscriptions sold SPX calls last week in anticipation of downward market and they are closing out those options this week to reap the gains.
Now they post they are selling SPX puts today and this week if the market drops further in anticipation of a halt to the slide downward.  Kind of interesting play.

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One of my subscriptions said to buy X (US Steel) or sell puts at strike $15 or less to collect premiums. It is hitting a 10-year low support level and has buy signals here at $15.80/sh. I'm gun shy on X because of the poor market for steel around the world. But let's see how X performs from here. Dividend is about 1.2%, better than most banks.

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retirebyfourty said:   BP looking good under 40$
 BP is down to $36/sh.  I'm not interested in oil stocks, but for those who are there is buy signal starting at this point. Support it at $34.88/sh. 
OXY is another nice dividend payer (4.4%) which is down to about $67.75/sh also starting a buy signal.   Oil stocks are getting drilled badly because if oil prices climb, then alternative energy paradigm picks up traction which hurts oil industry long term.  By keeping oil prices low, the alternative energy efforts stall, but oil industry get hurt in the short term.  When earnings drop, dividends may too. 

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FWjunkie2 said:   One of my subscriptions said to buy X (US Steel) or sell puts at strike $15 or less to collect premiums. It is hitting a 10-year low support level and has buy signals here at $15.80/sh. I'm gun shy on X because of the poor market for steel around the world. But let's see how X performs from here. Dividend is about 1.2%, better than most banks.
  That subscription did well their buy signal on US Steel... Today traded up and closed at $17.70/sh for over 12% gain... in two days.  Of course I had no guts to buy it. Now they say to sell it for the short term gain, of which I have none.

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FWjunkie2 said:   
FWjunkie2 said:   One of my subscriptions said to buy X (US Steel) or sell puts at strike $15 or less to collect premiums. It is hitting a 10-year low support level and has buy signals here at $15.80/sh. I'm gun shy on X because of the poor market for steel around the world. But let's see how X performs from here. Dividend is about 1.2%, better than most banks.
  That subscription did well their buy signal on US Steel... Today traded up and closed at $17.70/sh for over 12% gain... in two days.  Of course I had no guts to buy it. Now they say to sell it for the short term gain, of which I have none.

  This is ridiculous... X has stinky EPS report, worse than analyst expectations, guiding to lower range of expected annual results yet the stock is now up to about $19.50/sh as of now.  That is over 20% in three days.  Ridiculous. 

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F up 4.16%

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Royal Dutch Shell states preparing for "prolonged downturn" in oil prices. Saw a headline on CNBC site, but could not open the news.

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linFWjunkie2 said:   Royal Dutch Shell states preparing for "prolonged downturn" in oil prices. Saw a headline on CNBC site, but could not open the news.
http://www.cnbc.com/2015/07/30/shell-says-it-is-planning-for-pro...





 

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FWjunkie2 said:   
FWjunkie2 said:   
FWjunkie2 said:   One of my subscriptions said to buy X (US Steel) or sell puts at strike $15 or less to collect premiums. It is hitting a 10-year low support level and has buy signals here at $15.80/sh. I'm gun shy on X because of the poor market for steel around the world. But let's see how X performs from here. Dividend is about 1.2%, better than most banks.
  That subscription did well their buy signal on US Steel... Today traded up and closed at $17.70/sh for over 12% gain... in two days.  Of course I had no guts to buy it. Now they say to sell it for the short term gain, of which I have none.

  This is ridiculous... X has stinky EPS report, worse than analyst expectations, guiding to lower range of expected annual results yet the stock is now up to about $19.50/sh as of now.  That is over 20% in three days.  Ridiculous. 

  X = $20.30/sh today. 
GSK, pays >4% dividend,  was another recommendation from the subscription and I did buy that at $41.50 just a few days ago... finally moving to $43.35.
Their latest recommendation is LABU.  That is like playing with fire.  A highly leveraged (3X) biotech ETF that has frightening swings in price.  They posted IBB, another biotech IBB has a buy signal but to use LABU for larger magnitude price move since they correlate in direction.  This time I bought a small position in LABU at $44.50 today.  We'll see. 

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FWjunkie2 said:   
FWjunkie2 said:   
FWjunkie2 said:   
FWjunkie2 said:   One of my subscriptions said to buy X (US Steel) or sell puts at strike $15 or less to collect premiums. It is hitting a 10-year low support level and has buy signals here at $15.80/sh. I'm gun shy on X because of the poor market for steel around the world. But let's see how X performs from here. Dividend is about 1.2%, better than most banks.
  That subscription did well their buy signal on US Steel... Today traded up and closed at $17.70/sh for over 12% gain... in two days.  Of course I had no guts to buy it. Now they say to sell it for the short term gain, of which I have none.

  This is ridiculous... X has stinky EPS report, worse than analyst expectations, guiding to lower range of expected annual results yet the stock is now up to about $19.50/sh as of now.  That is over 20% in three days.  Ridiculous. 

  X = $20.30/sh today. 
GSK, pays >4% dividend,  was another recommendation from the subscription and I did buy that at $41.50 just a few days ago... finally moving to $43.35.
Their latest recommendation is LABU.  That is like playing with fire.  A highly leveraged (3X) biotech ETF that has frightening swings in price.  They posted IBB, another biotech IBB has a buy signal but to use LABU for larger magnitude price move since they correlate in direction.  This time I bought a small position in LABU at $44.50 today.  We'll see. 

  LABU is up over 10% in couple days and I'm selling some to take in profits. 

I bought BMY couple days ago using what I learned from my subscription trading site and am pleasantly surprised it is up about $2 in just few days.  Pays about 2.3% dividend. 
I also bought CHU, china telecom stock, using same trading rules at $13.90 couple days ago.  Up about $0.25 so far.  Pays 4.2% dividend. 
ORC is coming back to over $8.50.  I bought some several days ago after that Seeking Alpha article by the author who switched from not liking ORC to then recommending it at under $8.50.  I'm in at $8.25/sh with about 20% dividend... yes, I also applied same trading rules.
AA was recommended at under $10/sh, pays 1.2% dividend.  Currently about $10/sh and there is a Aug $10 call options you can sell for a covered call for about $0.32/sh... that is about 3% return for holding a month which is better than any bank. (That is based on the stock price staying around $10 or higher by expiration date.  If the  stock price is under $10 by expiration, then you keep the shares and the $0.32/sh option premium you sold so your net cost basis is down to about $9.68/sh... then sell another $10 strike covered call option...etc.)   Related, Ford F-150 aluminum truck is a good seller... maybe more trucks will go to aluminum...
X is finally exhausting short covering and is well under $20 again.  It was fun while it lasted.


 

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Even dividend stocks are dropping. Anyone buying and stocks or ETFs?

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FWjunkie2 said:   Anyone buying and stocks or ETFs?
  Always!  Although stocks more than ETFs, I prefer to short those.   

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Watching PG, WMT, and COP for when I get some more powder.

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Just like I said about Enron, Kmart and Chiquita... SNH has got to hit bottom some time soon... I also like VER.

For me, these are long term picks, not something I plan on getting any sort of immediate gratification.

CNBC was all over how the utilities weathered the recent storm better than most. I was fortunate to have been fairly strong in them -- they were about the highest flying thing last year, then got pummeled for the first part of 2015, now kind of shining again. I've been averaging down in VER and SNH by taking the dividends from the utilities and consumer non-cycs and investing in SNH and VER. If VER turns things around, there are some awesomely priced long term options out there. If they don't turn around, then there are some wonderful ways of wasting one's money on long term VER options...

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Just bought UPS today at under $95/sh (also recommended by a subscription site). Reasoning:  Lower oil prices will help margins for UPS.  Continuing trend to purchase goods online will benefit merchandise transportation businesses like UPS.  Receive about 3.3% dividend while you wait for all the increased margins to show up on earnings next year.  Technically it dropped to a support level today of about $94.    I'm stalking DAL which pays about 1.3% dividend but no buy signal yet. 

Staying away for oil stocks.  Even the big ones like COP, XOM, BP, OXY.  Warren Buffet sold all of his oil stocks and he owns solar farms with First Solar (First Solar is profitable too)  so I bought FSLR at $42/sh today for a long play.  I bet there will be slashes in dividends for many oil companies.  Some bankruptcies already starting in small rig companies.

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FWjunkie2 said:   Even dividend stocks are dropping. Anyone buying and stocks or ETFs?
  
Before I went to sleep last night I saw that futures looked pretty bad and looked like the market gap down greatly at open, so for fun I put in a crazy low limit order. The Dividend ETF DVY was trading around $75, so I put a limit order in for $60. When I woke up this morning, I saw that the order had executed at $53.06. Wow. DVY closed at $71.79. Nice profit. The bad news? I only had $1500 of uninvested cash in my brokerage account and only bought 20 shares at $53.06. Oh well.

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mapen said:   
FWjunkie2 said:   Even dividend stocks are dropping. Anyone buying and stocks or ETFs?
  
Before I went to sleep last night I saw that futures looked pretty bad and looked like the market gap down greatly at open, so for fun I put in a crazy low limit order. The Dividend ETF DVY was trading around $75, so I put a limit order in for $60. When I woke up this morning, I saw that the order had executed at $53.06. Wow. DVY closed at $71.79. Nice profit. The bad news? I only had $1500 of uninvested cash in my brokerage account and only bought 20 shares at $53.06. Oh well.

  Great job, anyways.  I was thinking of doing that.

Ford was at 14 on Sunday.  It spiked down to 10.44 near the open today and then back up to over 13.  Would have been nice to get an easy 30% off of one of those dip spikes. 

I have a strong feeling that we might see some more of this volatility soon... 
 

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mapen said:     Before I went to sleep last night I saw that futures looked pretty bad and looked like the market gap down greatly at open, so for fun I put in a crazy low limit order. The Dividend ETF DVY was trading around $75, so I put a limit order in for $60. When I woke up this morning, I saw that the order had executed at $53.06. Wow. DVY closed at $71.79. Nice profit. The bad news? I only had $1500 of uninvested cash in my brokerage account and only bought 20 shares at $53.06. Oh well.
  Congrats!  There was lots of craziness yesterday at the open.  Here's the chart of your DVY trade (attached).

I had a similar experience where I sold a stock for 2x its usual price and made $10/share, but like you it was just a handful of shares.  

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I heard on CNBC that retail investors/traders (I guess that means people like us) trade in ROUND LOTS (ie. 100shares, 500shares, 1000 shares, etc.), but that computer/hedges trading systems trade in NON-ROUND LOTS (ie. 104shares, 506shares, 1003 shares, etc.) so that computers recognize retail versus computer orders.  YIKES.  I'm placing all of my orders in NON-ROUND LOTS now.  No point showing my orders to computers as a "sucker retail buyer or seller".  Since most brokerage commission is no different when trading round or non-round lots why not trade in NON-ROUND LOTS ??

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FWjunkie2 said:   I heard on CNBC that retail investors/traders (I guess that means people like us) trade in ROUND LOTS (ie. 100shares, 500shares, 1000 shares, etc.), but that computer/hedges trading systems trade in NON-ROUND LOTS (ie. 104shares, 506shares, 1003 shares, etc.) so that computers recognize retail versus computer orders.  YIKES.  I'm placing all of my orders in NON-ROUND LOTS now.  No point showing my orders to computers as a "sucker retail buyer or seller".  Since most brokerage commission is no different when trading round or non-round lots why not trade in NON-ROUND LOTS ??

Glad I always pick a dollar amount to buy and then divide by the share price and just round to nearest share...

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orangecrushv said:   
FWjunkie2 said:   I heard on CNBC that retail investors/traders (I guess that means people like us) trade in ROUND LOTS (ie. 100shares, 500shares, 1000 shares, etc.), but that computer/hedges trading systems trade in NON-ROUND LOTS (ie. 104shares, 506shares, 1003 shares, etc.) so that computers recognize retail versus computer orders.  YIKES.  I'm placing all of my orders in NON-ROUND LOTS now.  No point showing my orders to computers as a "sucker retail buyer or seller".  Since most brokerage commission is no different when trading round or non-round lots why not trade in NON-ROUND LOTS ??

Glad I always pick a dollar amount to buy and then divide by the share price and just round to nearest share...

  Same method here usually.

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Looking4morecents said:     Same method here usually.
 

  I invest the same way as well.  I figure a few years down the road when I have more money, I'll be getting multiples of 10.  And then a few more years down the road, maybe I'll be investing in multiples of 100.  Don't think I'll ever get to 1000.

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xerty said:   
mapen said:     Before I went to sleep last night I saw that futures looked pretty bad and looked like the market gap down greatly at open, so for fun I put in a crazy low limit order. The Dividend ETF DVY was trading around $75, so I put a limit order in for $60. When I woke up this morning, I saw that the order had executed at $53.06. Wow. DVY closed at $71.79. Nice profit. The bad news? I only had $1500 of uninvested cash in my brokerage account and only bought 20 shares at $53.06. Oh well.
  Congrats!  There was lots of craziness yesterday at the open.  Here's the chart of your DVY trade (attached).

I had a similar experience where I sold a stock for 2x its usual price and made $10/share, but like you it was just a handful of shares.  

  Looks like ERY did that today...  That was one on my radar, but I put my bets on a few others. 

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What about AT&T at around $33/sh and paying about 5.7% dividend? This price is on the low side of a range of trading over the past 3 years. It just goes up, down, up, down, etc from about $32/sh to $36/sh. It will take about 2-3 months for the stock price to get to the upper range again when I'll likely sell, if not sooner. I got in under $33/sh and feel great to have this instead of cash in a savings account paying about 1%. Next EPS about 10/22/15; next Ex-dividend date about 10/8/15.

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FWjunkie2 said:   I heard on CNBC that retail investors/traders (I guess that means people like us) trade in ROUND LOTS (ie. 100shares, 500shares, 1000 shares, etc.), but that computer/hedges trading systems trade in NON-ROUND LOTS (ie. 104shares, 506shares, 1003 shares, etc.) so that computers recognize retail versus computer orders.  YIKES.  I'm placing all of my orders in NON-ROUND LOTS now.  No point showing my orders to computers as a "sucker retail buyer or seller".  Since most brokerage commission is no different when trading round or non-round lots why not trade in NON-ROUND LOTS ??

Your order gets routed through a market maker anyways so it doesn't matter.

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What do you think of PSX?

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RagingBull said:   What do you think of PSX?
  Love it.  Excited to see Buffett is still in it.  It's a no-brainer.

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He just bought more, what do you think of price now? I have a lot of oil play how is PSX better?

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How long are you keeping these stocks for?

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for 10 years or more

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RagingBull said:   He just bought more, what do you think of price now? I have a lot of oil play how is PSX better?
  Depends.  PSX isn't a pure oil play.  It's a midstream/refiner play.  Not as dependent on oil prices as others, which makes the recent drops absurd.  Very shareholder friendly management.  Generous div increases and buybacks.  Even with recent bounce back in price, still only trades at 10x next year's earnings.  It's my biggest holding along with AAPL and XOM.

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Regarding PSX. At $79 it has pulled away from a buy signal price of about $70 on 8/24/15. I suppose you have Warren Buffet on your side for the long run. You could sell puts at strike of $70 to $72 to collect some option premium which expire 10/2/15 as a consolation prize. You could collect about $0.65 to $1.00/sh depending on the strike you select.

I've sold some covered calls on my T. My cost basis is about $32.60, sold October 2nd $33.50 strike calls at $0.61/sh. That is almost 2% for only one month until expiration. If the stock climbs over $33.50, then the stock is called away from me so I gain from the stock appreciation too. It goes ex-dividend 10/8/15 so maybe I'll be lucky and the call options will expire worthless so I just keep the premiums... and the stock for the dividends the following week!

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Anyone like MDLZ?  Investor Ackman took a stake and stated it has room to improve efficiency or should be sold off in parts.  Price has dropped to about $42+ and pays about 1.6% dividend.  Better entry would be $40 or less. 

 

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