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George Acs  

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  • Personal Conflict [View article]
    Can't disagree with the assessment of the Armageddon aftermath. I'd like Coke more as a covered option play if occasionally shares would spike up or down so that option premiums would reflect an occasional volatility in price.
    In terms of using Coke as a Double Dip Dividend play, if it had gone ex-dividend on Monday, I would very strongly have considered the trade because even if assigned early I would then have a full week's use of the money used to purchase shares to purchase new shares in something else and generate option premium. With a Tuesday ex-dividend date, at least it's more appealing than a Thursday one, so I'm not entirely ruling out the possibility.
    Mar 9, 2014. 10:18 AM | Likes Like |Link to Comment
  • Personal Conflict [View article]
    OK, but I couldn't really spot your rhyme scheme
    Mar 9, 2014. 10:14 AM | 2 Likes Like |Link to Comment
  • Personal Conflict [View article]
    You're too close to the Target epi-center. From a distance it's looking better, but there's also a little potential strategy related to the "DOH" trade using the $60 strike, if shares stay above $60, as expiration comes this Friday, if the monthly expiration is used for any purchase this week.
    Mar 9, 2014. 10:13 AM | Likes Like |Link to Comment
  • That Was The Correction That Wasn't And Will Be Again [View article]
    Health care, in general, is an area that I would like to add. Baxter has not had a very competitive premium lately, but looks better going into this week when the dividend is added in. I have a small position with $70 3/14 strike and may consider adding this week.
    Mar 3, 2014. 08:17 AM | Likes Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    Thanks. I do like the story telling approach, though. Above all, it entertains me, even though I've heard all the stories before.

    There's definitely a lot to be said for different life styles. Pros and cons abound, but there's definitely something attractive about having the ability to up and go for whatever the reason
    Mar 2, 2014. 11:23 AM | Likes Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    That is true. I used to love going to play the ponies. I knew that it wasn't ever going to be a path leading to anything better, but it was relatively cheap entertainment and the beer made it less painful to lose.
    Mar 2, 2014. 11:20 AM | Likes Like |Link to Comment
  • That Was The Correction That Wasn't And Will Be Again [View article]
    That has been a repeated refrain for nearly two years.

    I've been overly cautious during much of that time having been expecting a meaningful correction for about a year, having held much more cash than usual.

    In hindsight, that was a mistake, but I continue to use cash reserves strategically from week to week.
    Mar 2, 2014. 08:11 AM | 2 Likes Like |Link to Comment
  • That Was The Correction That Wasn't And Will Be Again [View article]
    Whether an earnings related trade, double dip or otherwise, it goes without saying that it should be a stock that you would otherwise be comfortable owning.

    A 'double dip," however, offers an opportunity for an enhanced return, not because of any increased risk, but rather due to an inefficiency of the pricing of the call option at the time some stocks go ex-dividend. Why would you choose not to take advantage of that opportunity if it was a stock that you would otherwise be comfortable in owning?
    Mar 2, 2014. 08:08 AM | 2 Likes Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    Jimmach123, with earnings now having been reported. it's too early to know whether the sharp decline in after-hours trading of DECK will continue into tomorrow, but some things are already pretty clear.
    As it turns out, as I mentioned earlier, there is no such thing as a sure bet and guidance does matter.

    Despite good earnings, beating most analysts expectations, it appears that Q1 and FY 2014 guidance is what traders are disappointed by, as they're forecasting a loss in Q1. Your confidence otherwise seems to be equally misguided, both prospectively and in hindsight.

    As so often happens, the thesis may be a good one, but the reality can be very different. I think that's why it's very hard to be as enthusiastically confident and disparaging as you have expressed yourself and maintain much in the way of credibility. Arrogance has a way of welcoming closer inspection and attention.

    For the "simpletons" that used IV as their guide, every potential trade mentioned in this article proved to be a winner and at no cost to them for the suggestions. You were also misguided on that count and in your characterizations.

    I hope that your position works out as does the hubris which rarely serves anyone well.

    For those that were simpletons, however, they are in and out of their positions in just the one week and not in the position of now having to recover all of the lost ground and the lost potential while you await, with certainty, your $95 price target.
    Feb 27, 2014. 05:11 PM | 2 Likes Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    If you are near retirement age, or thinking about it soon, the idea is finding a way to stretch out the tail of that curve that demonstrates how long your money will last you through retirement.

    Your choices are either through cutting expenses or increasing income. Most find that their expenses are much higher than they would have anticipated, even though most retirement calculators warn that will be the case.

    On the other hand, especially if you don't worry about day to day variation in the paper value of your portfolio, it can easily generate more income by simply renting it out. I think that if more people realized that they're not likely to hit it rich on every stock they own they would much more likely go the path of renting out at least some of their shares and adding to their already existing stream of dividends.
    For an idea of how much money it may take to navigate through retirement see
    Feb 26, 2014. 08:32 AM | 1 Like Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    VZ wasn't part of the original script this week, but picking it up again for the 4th time since 1/3/14 looked like it might still make sense.

    I had been debating doing the TMUS trade after earnings and finally decided to add a second telecommunications this week by selling the puts after it had fallen about 6%. But I felt it offered to low of a reward for the risk to send as a Trading Alert. Don't think the caveat helped, though, as the volume on that put sale spiked.

    Hopefully that will be a quick trade or at least easy to rollover.
    Feb 25, 2014. 03:09 PM | Likes Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    Very nice. That would mean you bought back at about the $0.36 or so range. Looks like you could buy back now at $0.53. and add almost ad additional 0.35% to ROI.
    Feb 25, 2014. 12:05 PM | Likes Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    Ray, you're not even close to the top of the list when it comes to quantity of questions/comments (not that I'm encouraging any increase in that activity.)
    Feb 25, 2014. 07:31 AM | Likes Like |Link to Comment
  • Profiting From Good Fortune Or Bad [View article]
    It's just that everyone said that no one would ever buy the book. I'm just surprised that someone came forward and admitted to it.

    Another surprise was SolarCity delaying its full earnings report yesterday. What's unusual is that they waited until 4 PM to make that announcement when there's no reason to suspect that they didn't know much earlier that their data was incomplete and didn't have a full accounting on the expense side of the ledger.

    While you can never predict what the fully reported numbers will look like or how the market will react to those numbers when they're finally reported on March 3, 2014, if I was a shareholder I would be a little nervous not just about the results, but about leadership. Elon Musk may be a visionary genius but he sometimes seems to have an issue with behavior regarding expected standards, now adding earnings reports to a potential need for a Tesla recall notice.
    Feb 25, 2014. 07:29 AM | Likes Like |Link to Comment
  • Nothing To See Here [View article]
    One of the things you may also consider with puts that are likely to be assigned is to roll the contract over to a new expiration date and, if possible, to a lower strike, as well, as long as you can still generate a Net Credit trade by doing so.

    To get an idea of how to look at earnings trades, with an emphasis on the sale of puts, see this week's companion article (as well as some linked articles)

    A Dividend strategy that attempts to capture both dividends and premiums can be found at and typically involves the use of in the money call sales.
    Feb 24, 2014. 05:26 PM | Likes Like |Link to Comment