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Mike Phillips

 
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  • Caterpillar: A Bump In The Road In China [View article]
    Price of CAT breached management point of $83, rolling to Nov 70/75 for a net credit of $0.19.

    Set new management point of $78.
    Sep 4 10:55 AM | Likes Like |Link to Comment
  • Bullish On Coca-Cola As Global Growth Overcomes European Malaise [View article]
    Management point of $37.7 breached, so looks like rolling to the 2013 Jan 31.25/35 can be accomplished for a net credit of $0.40 and an increase in the capital requirement by 50%.

    Set new management point of $36.40.
    Aug 29 11:47 AM | Likes Like |Link to Comment
  • Red Hat Taking Advantage Of Turmoil In Europe [View article]
    RHT at $59.42 on Fri which is above $45 strike of short put option, so winner, winner, chicken dinner!
    Aug 20 08:56 AM | Likes Like |Link to Comment
  • FedEx Doing Well Despite European Crisis [View article]
    FDX stock price was at $90 which is above $80 short put strike, so winner, winner, chicken dinner!
    Aug 20 08:55 AM | Likes Like |Link to Comment
  • FedEx Doing Well Despite European Crisis [View article]
    Thanks
    Jul 17 08:16 AM | Likes Like |Link to Comment
  • More Bullishness For Fossil [View article]
    Hit management point, exiting bull-put credit spread and replacing with protected covered call, as Fossil's earnings are fast approaching.
    Jul 12 10:32 AM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    Yes, this is a bull-put credit spread, but is much more leveraged than a protected covered call/collar.

    I would only enter the bull-put credit spread after a company has released earnings.
    Apr 17 08:50 AM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    Have any further commentary on this?
    Apr 17 08:47 AM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    Don't understand buy 1 vertical put?

    do you mean?

    sell 700 call x2
    buy 720 call x2
    sell 550 put x1
    buy 530 put x1
    Apr 17 08:46 AM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    Unfortunately, I did not see this until today. Could have executed the protected covered call/collar mentioned in the article. I assume the 4 May 19 $400 call options are long, if so, these could also be protected in a similar manner.

    You could also purchase put options outright, but in general I don't recommend this, as the protection often comes right out of your pocket.
    Apr 17 08:38 AM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    OK, article is fixed, thanks again for flagging the problem.
    Apr 13 02:07 PM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    Yes, put option is buy, will get this changes as well, thanks for the catch.
    Apr 13 01:07 PM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    The article is change now, thank you for you comment.
    Apr 13 12:11 PM | Likes Like |Link to Comment
  • Protective Covered Call For Protecting Profits In Apple [View article]
    The reviewer of the article changed the title, and yes, I agree the title needs to be changed, so I will attempt to change it.
    Apr 13 11:37 AM | Likes Like |Link to Comment
  • Cree: Highest Potential Return Protected Covered Call [View article]
    Sure!
    Apr 9 02:49 PM | Likes Like |Link to Comment
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