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blubberx

blubberx
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  • Shareholder Value Goes Global [View article]
    I own small amounts of SYLD and FYLD and GVAL is in my InvestigateNext basket ;-), so I'd appreciate any additional insights you develop into that. Thanks for the article.
    May 26 04:09 AM | Likes Like |Link to Comment
  • REIT Investing For Dividend Growth Investors: A Prospective Study [View article]
    Interesting exercise, even with the inherent limitations (which you note). Thanks for taking the trouble.
    May 26 03:59 AM | 11 Likes Like |Link to Comment
  • Selling Puts Of High-Dividend Stocks For Maximum Yield [View article]
    Why the strong preference fo selling covered calls? As far as I can see, selling a covered call on stock you own is exactly the same, in terms of P&L risk, as selling a naked put with the same strike price. Your upside is capped at the strike price and your maximum downside is the stock price going to zero minus the premium recevied. The only differences are in terms of initial capital outlay and (therefore) margin requirements, but these also depend on whether you buy the stock on margin. (Perhaps there are also differences in terms of the US tax treatment of the income, but I don't pay US tax and don't take my word on it.)
    Jan 21 11:14 AM | Likes Like |Link to Comment
  • Selling Puts Of High-Dividend Stocks For Maximum Yield [View article]
    Thanks for the article, I like the idea. The only risk you describe is an upside risk (missing capital gains above the put strike price). Isn't there another upside risk, in that the time value of the sold put will increase as the stock price nears the strike price, so if you need or want to close (i.e. buy back) the position early you won't get the full capital gains?

    And is there really no downside risk, at least in comparison with straight stock ownership? I don't know the answer, but how about a large dividend increase?
    Thanks
    Jan 15 03:59 PM | Likes Like |Link to Comment
  • Could This Strategy Be The Holy Grail Of Investing? [View article]
    "If your stock picking skills are good enough to surpass this cost and still outperform the SP500, more power to you. But if you think you are generating market beating returns FROM a hedging strategy, you are kidding yourself."

    I don't think this strategy depends on doing either.

    If SO's stock-picking skills are great, that will lead to outperformance on the long stocks. If it's poor or if his stocks' correlation to the S&P is too low, then the hedge may not make up for any losses on the long stocks. Either way, the idea is earn back the purchase price of the hedge (i.e. the long SPY LEAP puts) via the short SPY weeklies. I don't think that diagonal trade is intended to work as a standalone trade, because it would reach somewhere around breakeven in a rising or sideways market.
    Jun 7 07:52 AM | 1 Like Like |Link to Comment
  • Could This Strategy Be The Holy Grail Of Investing? [View article]
    Count me a believer, but I'd be interested in others' more critical reactions.
    Jun 6 04:06 PM | 1 Like Like |Link to Comment
  • 4 Steps To Disaster-Proof Your Dividend Portfolio [View article]
    Tim,
    What stock screeners are you using here? I've tried a few (Fin Viz, TMX) but none allow me to use the criteria you use here.
    Thanks!
    May 27 05:32 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B. 37.4M iPhones, 19.5M iPads, just under 4M Macs. Expects FQ3 revenue of $33.5B-$35.5B, below $39.3B consensus. Buyback increased by $50B. Shares halted. CC at 5PM ET (webcast). (PR[View news story]
    What would you do with $150 billion that's less wasteful?
    Apr 23 04:40 PM | 6 Likes Like |Link to Comment
  • Apple $1000: Why It's Time To Buy [View article]
    As today's price action and past history shows, your ability to call bottoms is uncanny. Moreover, the fundamental analysis in this piece lends great credibility to your prediction for 2013. All the more impressive when you read back how embarrassingly fact-free the bear-case articles on Apple have been here on SA the last few weeks. Keep up the good work!
    Oct 16 02:28 PM | 5 Likes Like |Link to Comment
  • An Apple Story: Alpha, Algos And A Poorman [View article]
    Thanks for a great article. Just responding to this discussion on selling covered calls and rolling them: mrmcmath says he generally rolls his calls on the Thursday or Friday. Your response suggests selling calls on Tuesdays or Wednesdays. How does that work with (rolling) weekly's? For example, say you've sold the 560 call for this week: do you roll today/tomorrow or do you let the shares get called and buy-write again on Tuesday?
    Jun 7 12:09 PM | Likes Like |Link to Comment
  • Primer On International Investing - Part 2 [View article]
    Could you add some discussion on advantages / disadvantages of ADRs compared with trading directly on foreign exchanges? As far as discussing the dividend tax aspects, that would be great. If you are able to do so also from the perspective of a non US resident, that would be even better! Thanks for the contribution!
    May 5 07:21 AM | Likes Like |Link to Comment
  • A Very Intriguing Apple Earnings Trade To Place Tuesday Based On Past History [View article]
    I suppose he might begin by buying back the 420 puts, currently available for 6 cents.
    Jan 25 10:45 AM | Likes Like |Link to Comment
  • A Very Intriguing Apple Earnings Trade To Place Tuesday Based On Past History [View article]
    So at what price point on Wednesday do you decide to close this position?
    Jan 24 03:54 PM | 1 Like Like |Link to Comment
  • Whatever You Do, Don't Do This Before Apple's Earnings [View article]
    Thanks for an interesting article.
    If the lesson is that buying calls just before earnings is generally a loser even if the stock rises, simply because IV shoots up before earnings and drops down after earnings, then why not buy May calls (or an ATM straddle) just after Tuesday's earnings, with the intention of selling them just before the *next* earnings when IV is high again?
    Jan 22 11:45 AM | Likes Like |Link to Comment
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14 Comments
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