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Tom Armistead

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  • Tom Armistead
    $SDY today I implemented a synthetic Dividend Growth Portfolio, using options. Article to follow.
    Fri, 2:31 PM
    Reply (2)
    • Derek A. Barrett: Very cool Tom can't wait to read it and welcome back !
      Fri, 2:49 PM
    • Caiman Valores: Very intrigued and looking forward to the article.
      Fri, 3:47 PM
      • Tom Armistead
        Went 100% cash in discretionary account today. Up 17.5% ytd, that's good enough, tired of market bs
        Feb 14, 1:09 PM
        Reply (9)
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        • Tom Armistead: easyrob, discretionary is 20-25% of total, the rest is Vanguard index funds, core type mutual funds, CD's, etc., passive investments
          Feb 14, 2:40 PM
        • easyrob: Thanks, I'm 35% cash now...mostly DG stocks and MLP''s, almost passive , no bonds, less than 2 % covered puts and calls. I enjoy your blog
          Feb 14, 2:55 PM
          • Tom Armistead
            Took up a starter position in $NSC, I think they can compensate for lost coal business with intermodal gains.
            12/27/12
            Reply (9)
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            • Tom Armistead: Fox, it's trading a a serious discount to its historical averages on any of the common metrics. Discount larger than loss of revenue.
              12/29/12
            • Tom Armistead: Greg, open interest for KSU options is low, I've made money on similar situations but it can be hard to exit or adjust at a fair price.
              12/29/12
              • Tom Armistead
                Buying OXY, the Jan 2014 55.0 calls. Very good company, owns Oil right here in the USA...
                11/30/12
                Reply
                  • Tom Armistead
                    Closed out my MBI position today, potential liquidity shortfall and now BAC is offering to buy their bonds at par...to cause trouble...
                    11/13/12
                    Reply (4)
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                    • DeepValueLover: OK. but I still am having trouble figuring out how MBIA runs out of liquidity all of a sudden. What has changed from a capital standpoint?
                      11/14/12
                    • Tom Armistead: Financials have disclosed the risk for some time, it was always there. Payments of RMBS claims continue, BAC continues to stall settlement.
                      11/14/12
                      • Tom Armistead
                        Obama to speak on the economy today. Market hissy fit likely to continue.
                        11/9/12
                        Reply (3)
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                        • Mercy Jimenez: Tom I don't think its as much of a "Market hissy fit" as it is "Quick Pre-2013 Moves" to save on taxes: http://bloom.bg/TNnCp7
                          11/9/12
                        • Tom Armistead: Just read the CBO report. Fairly easy to do something short term that will solve the immediate problem, long term more difficut...
                          11/9/12
                          • Tom Armistead
                            $PWER jumping around today, rumors in Financial Times that they retained Goldman to explore a sale
                            9/6/12
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                              • Tom Armistead
                                Selling covered calls today, out of the money, market may have further to go but premiums are attractive.
                                8/7/12
                                Reply (4)
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                                • Bret Kenwell: Either get taken out at a further gain or collect premium.
                                  8/7/12
                                • bbarberayr: Something to consider as we possibly start a sustainable move upwards from bespoke: http://bit.ly/PEYFpr
                                  8/8/12
                                  • Tom Armistead
                                    Banks have been manipulating Libor. What other yields and spreads have they been manipulating?
                                    6/29/12
                                    Reply (5)
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                                    • Tom Armistead: You're right, it really is a rhetorical question...
                                      6/29/12
                                    • 1980XLS-2.0: D_ Crony Capitalism, not real capitalism
                                      6/29/12
                                      • Tom Armistead
                                        I think I hear the sound of a helicopter in the distance, soon Ben will start tossing the money out.
                                        6/6/12
                                        Reply (5)
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                                        • Tom Armistead: Monetary policy isn't helping anything at this point. The people in Washington have to come up with a sustainable fiscal policy.
                                          6/7/12
                                        • bbarberayr: Yeah, agree for sure.
                                          6/8/12
                                          • Tom Armistead
                                            Buying PRU after hours, good growth.
                                            5/2/12
                                            Reply (5)
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                                            • Tom Armistead: I seem to remember that PRU is planning to go to a quarterly dividend. I'm assuming it will be an increase.
                                              11/16/12
                                            • Tom Armistead: PRU may want to keep capital available for more pension deals like the one with GM.
                                              11/16/12
                                              • Tom Armistead
                                                AGO tanking pre-market, down 9.62%, no news.
                                                3/21/12
                                                Reply (2)
                                                • johnny inca: Tom they are on review for downgrade by Moodys
                                                  3/21/12
                                                • Tom Armistead: Thanks johnny that explains it. I read Dominic's response, he makes a lot of sense. Fortunately, I trimmed my position on 3/13, wait it out
                                                  3/21/12
                                                  • Tom Armistead
                                                    Bought a vertical call spread on TRV, Jul 55/60, negative reaction to earnings, they have been able to raise prices, a plus
                                                    1/24/12
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                                                      • Tom Armistead
                                                        Bought JPM at 35.45, market has it wrong on earnings, DVA
                                                        1/13/12
                                                        Reply (5)
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                                                        • bogwog: You are spot on -
                                                          1/13/12
                                                        • SanDiegoNonSurfer: We sure do key into a lot of the same stocks! For different reasons, too, which is interesting. Also watching JPM. Haven't bought yet.
                                                          1/15/12
                                                          • Tom Armistead
                                                            Corporate profits (in GDP) were amazing this morning, complete disconnect between profits and market valuation.
                                                            8/26/11
                                                            Reply (1)
                                                            • Nealhugh: Thanks! Neal NY NY
                                                              10/17/11
                                                              • Tom Armistead
                                                                Sold off the last of my hedge as SPY went under 112.50, curious as to what comes next.
                                                                8/8/11
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                                                                  • Tom Armistead
                                                                    Sold off some more of my hedge this morning, still have a little more than half of it left.
                                                                    8/4/11
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                                                                      • Tom Armistead
                                                                        Starting to liquidate my hedges, not sure how much further down this will go.
                                                                        8/3/11
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                                                                          • Tom Armistead
                                                                            Trader's Almanac say down Friday followed by down Monday is a sign of trouble, looks like the market is headed that way.
                                                                            8/1/11
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                                                                              • Tom Armistead
                                                                                There is some buying of MBI Jul 10 calls, I bought some Jul 11, funded by sale of puts.
                                                                                7/12/11
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