Seeking Alpha
View as an RSS Feed

Stocks-Options  

View Stocks-Options' Comments BY TICKER:
Latest  |  Highest rated
  • Equity CEFs: Funds Benefiting From The Weakness In Technology And Small Cap Sectors [View article]
    From the December 2014 Annual Report, there are no option positions in any 2x ETF's such as the ProShares Ultra QQQ or the ProShares Ultra S&P 500.

    The discount to NAV has narrowed sharply to about 6 percent. This is quite helpful because in the last year the NAV has decreased about 3 percent and the market value has risen about the same amount.

    In 2014, all of the distribution was classified as long term capital gain -- rather odd for a fund of this type. The year before, 60 percent was a Return of Capital. At least it wasn't ordinary dividend income.

    I'm still in, but it needs to hold at this level -- 19.09 as of 4/17/15 -- or I'll reconsider and perhaps buy a different option income fund.
    Apr 18, 2015. 12:44 AM | Likes Like |Link to Comment
  • Seadrill: Why Not To Worry About The BP Contract Termination [View article]
    Sixshot I think you've got it backwards. The attackers and bashers are mostly on the negative side. The positive side is mostly rational. Feel free to disagree -- that's not an attack, but phrases like "oddest bunch" and "keep pumping" are pejorative terms.
    Apr 2, 2015. 12:11 AM | 1 Like Like |Link to Comment
  • Seadrill And Seadrill Partners: BP Is Terminating The Firm Contract With The West Sirius In GOM [View article]
    Lots of women with "large bosoms" have faithful husbands who don't "lose their head". This is a risky stock (and my metaphor stops here), but oil won't remain this low indefinitely. And Seadrill will last in the meantime.

    I don't think $5 is in the cards, but that's just an educated guess. At least if you short it you won't have a dividend to pay.
    Mar 31, 2015. 12:47 PM | 2 Likes Like |Link to Comment
  • Seadrill And Seadrill Partners: BP Is Terminating The Firm Contract With The West Sirius In GOM [View article]
    Stick to what you're confident in. If you've never traded options, I wouldn't sell them the first time out (and personally I hardly ever buy them as a single trade).
    Mar 31, 2015. 12:41 PM | Likes Like |Link to Comment
  • Seadrill And Seadrill Partners: BP Is Terminating The Firm Contract With The West Sirius In GOM [View article]
    Depressed prices and depressing outlook short term. I choose to hang in there based on good long term prospects. I can understand selling now and buying back later, but I'm not good at market timing (is anyone?).

    I think JF is on our side and that he is good at riding through this. Some don't agree, but I'm not selling.
    Mar 30, 2015. 11:19 PM | 5 Likes Like |Link to Comment
  • Seadrill Unlikely To Default On Debt [View article]
    I like the suggestion, too, and I'm long SDRL. But as far as "good lawyers" go, the other creditors have good lawyers, too.

    So it doesn't come down to the lawyers, but to the parties themselves and the willingness to negotiate. And I think most of them are, which creates pressure on the ones remaining to do the same. Like Njbother said, "All contracts are subject to renegotiation."
    Mar 22, 2015. 11:22 AM | 1 Like Like |Link to Comment
  • One Reason Investors Should Not Buy Seadrill's Stock [View article]
    Can SDRL buy back their debt in the secondary market and then retire it. This sounds too good to be true.
    Feb 28, 2015. 06:04 PM | Likes Like |Link to Comment
  • One Reason Investors Should Not Buy Seadrill's Stock [View article]
    The buyback authority just keeps an option open -- one they shouldn't take right now. Cash, and the ability to raise more of it to roll over debt is the priority.
    Feb 28, 2015. 05:59 PM | 10 Likes Like |Link to Comment
  • Seadrill: Positioned To Benefit From Rebalancing [View article]
    Shipyards have long-term horizons. They'll take some pain now to keep the relationship going. This says nothing about the actual terms of the delay, but something will be done.
    Feb 28, 2015. 05:33 PM | 1 Like Like |Link to Comment
  • Seadrill Even Leads Sector In Capital Distribution Plans [View article]
    "Quite a shame considering the position they are in as a company."

    The position they are in is better now because of the actions they took. Mr Reitman is right -- it's worth the risk.

    Long SDRL
    Feb 21, 2015. 03:37 PM | 1 Like Like |Link to Comment
  • Seadrill: Bad News From Brazil [View article]
    If the figure of a $1.1 billion write-down is based on a contract rate of $500,000, then a revised deal at $400,000 would reverse a larger part of the write down than Casey assumed.

    In other words, it would be good news.
    Feb 18, 2015. 02:36 AM | Likes Like |Link to Comment
  • Seadrill: Bad News From Brazil [View article]
    This could be the state of things for awhile. Time will tell. I'm sticking with the stock.
    Feb 16, 2015. 11:47 AM | 5 Likes Like |Link to Comment
  • Analyzing The Revenue Impacts That The Petrobras Cancellations Will Have On Seadrill [View article]
    Thanks for the clarity.
    Feb 15, 2015. 11:01 AM | Likes Like |Link to Comment
  • Is Citigroup Jumping Into The Fire? [View article]
    "Just because derivatives are complex doesn't mean they are risky."

    Nor does it mean they are NOT risky. In light of events of the last decade, we should be worried. We do not know (and I wonder if anyone at the big four firms knows), just how much of their derivatives are for hedging and how much are part of trades fraught with risk.

    No one claims they are doing anything illegal, but so what? And, say, if Chase is using a derivative to hedge, the counterparty may be taking a great amount of risk. It's possible that both parties are hedging, but we just do not know.

    And if some of the big four have handed off the risk through buying credit default swaps, that only hands off the risk to someone else.

    If the last decade hadn't happened, maybe I wouldn't be concerned. The conundrum is that investment houses should be able to run their own business, but we saw how government had to get involved in 2008.

    And we're assuming there aren't any rogue traders and that the firms are fully compliant with all the regulations.

    Thanks for the article.
    Jan 8, 2015. 11:56 PM | 1 Like Like |Link to Comment
  • Seadrill Shareholders Should Be Patient [View article]
    A good perspective to have.
    Jan 8, 2015. 04:22 PM | 1 Like Like |Link to Comment
COMMENTS STATS
771 Comments
601 Likes