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Ilene is an editor at Phil's Stock World, Market Shadows and other financial publications. Her educational background is in biology, pathology and law. After working in biochemistry and pathology during her graduate years, she attended Law School at Loyola. She practiced law in a number of... More
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  • Stock World Weekly: Fireworks!  0 comments
    Jul 3, 2011 3:51 PM


    Not bad for our little newsletter... On June 19th, we published this list of 12 bullish trade ideas on the Dow in the weekend edition of Stock World Weekly that are already up $6,720 in just two weeks!  How's that for value?  

    The July $119/116 bear put spread was still at .90 on Monday, well after we flipped bullish (the "Bernanke Bottom" was called by Phil on Thursday Morning, June 22nd and reported in last week's SWW) so a nickel loss on that side (5% or $50 on 10 contracts), which was well offset by the following gains:  

    • AA July $15 puts sold for $0.63, now $0.09 - up $540 (85%)
    • BAC 2013 $7.50 puts sold for $0.60, now $0.61 - down $10 (1.6%)
    • CSCO Jan $14 puts sold for $0.92, now $0.60 - up $320 (34%)
    • DIS July $37 puts sold for $0.55, now $0.06 - up $490 (89%)
    • GE 2013 $15 puts sold for $1.40, now $1.16 - up $240 (17%)
    • HD Aug $32 puts sold for $0.82, now $0.17 - up $650 (79%)
    • HPQ Jan $31 puts sold for $1.60, now $0.93 - up $670 (41%)
    • INTC Jan 2013 $20 puts sold for $2.71, now $2.24 - up $470 (17%)
    • MMM July $87.50 puts sold for $0.71, now $0.07 - up $640 (90%)
    • MSFT 2013 $22.50 puts sold for $2.75, Now $1.94 - up $810 (29%)
    • VZ 2013 $35 puts sold for $5.10, now $3.82 - up $1,280 (25%)
    • WMT Jan $50 puts sold for $2.05, now $1.43 - up $620 (30%

    That's a total profit of $6,720 on these 12 positions in just two weeks.  As our daily readers know, Phil called for cash on Friday so short-term bullish plays like these were taken off the table as we flirt with potential disaster next week. 

    If, however, the weekend goes smoothly and the markets maintain their bullish bent - we have all this lovely cash to deploy next week (and there are two brand new bullish trade ideas in this weekend's edition of Stock World Weekly) and that BAC play still hasn't made it's money yet while GE is up "just" 17% so far - so both of those trade ideas are still ripe for new entries but, as Phil likes to say:  

    "Never worry about getting back to cash - I'm sure we'll find something to trade tomorrow."

    Click here for the latest Stock World Weekly: Fireworks

    We hope you and your family have a very happy holiday weekend.

    All the best, 

    Ilene & Elliot 

    Greek Mountain of Debt

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