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  • It's Time To Get Short Volatility [View article]
    Yes you are correct in that. However I don't allow my position size on any 1 trade to go past 5% of my account. By diversifying in this way I avoid a cataclysmic event that could wipe me out totally. I sell short calls and puts on several underlying in my trading account. Only use 50% of my capital at any given time. If you know what you are doing, the reward makes the risk worthwhile.
    Sep 30 10:20 AM | Likes Like |Link to Comment
  • It's Time To Get Short Volatility [View article]
    I think another good way to play this is to short VXX call options. I have been doing this for some time now with great success. It provides an added margin of safety.

    For example as I write this one could sell the $55.00 call strike for Nov and collect a credit of $46.00 on an outlay of $347.00 for a return of 13% minus fee's in less than 2 months with an almost 100% safety factor with the VXX trading around $30.00

    Just another way to skin the same cat....
    Sep 29 11:20 AM | Likes Like |Link to Comment
  • Investors Can't Believe The Apple Hype [View article]
    I think you make a legitimate case for trading around the stock. For those of us holding it for the long term we just continue to cash in our dividends and watch to see how high this will go in the coming years.
    Sep 17 01:21 PM | 8 Likes Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    As a fellow Canadian I highly recommend you look into the "Smith maneuver". Get a HELOC and use the funds to invest in blue chip high dividend paying stocks and deduct the interest on the HELOC hence making your "Canadian EH" mortgage totally deductible!
    Sep 2 12:58 PM | 1 Like Like |Link to Comment
  • Maybe You Shouldn't Pay Off Your Mortgage [View article]
    Amen! Some people just don't get it.... If you buy a basket of stocks earning say a reasonable 4% dividend and can borrow @ even 3.75% over 30 years you will be far ahead of the game in the long run. Oh and this would be a worst case scenario... I am closer to 5% yield on my dividend portfolio of mainly blue chips...
    Sep 2 11:31 AM | 3 Likes Like |Link to Comment
  • Apple's Intrinsic Value And The Market's Irrational Valuation [View article]
    You should sell OTM weekly calls against your leaps to combat time decay and sit tight. Eventually the market will value AAPL appropriatly. It is irationally pricing it far below market value IMHO. In the short term the market is a popularity contest. In the longer term it is a weighing machine...
    Jan 30 10:16 PM | 3 Likes Like |Link to Comment
  • Marrying The 4% Rule With Dividend Growth Investing [View article]
    Why is everybody content with 4% return per year? You can easily double that with little to no risk using options on all of your high dividend stocks. Selling covered calls is an excellent strategy to increase your yield. Selling puts to enter back in if called away is another. Actively trading these stocks based on a proven technical approach is still yet another. I fully intend to retire at a much younger age than my colleagues only because I am an informed and active trader / investor. I am more than on my way to reach my goals and I am still in my forties with the big 50 in 2 years as my goal date.
    Dec 1 08:59 PM | 1 Like Like |Link to Comment
  • Apple: Another Problem With The Bears' Logic [View article]
    People buy it based on what it will cost them up front and as long as the monthly plan is in line with what they are already shelling out.

    Where do I sign????
    Nov 14 04:05 PM | 1 Like Like |Link to Comment
  • Apple: Another Problem With The Bears' Logic [View article]
    That may all be true but I would argue that more than 90% of iPhone's are sold on contract. Heck might even be greater than 95%
    Nov 14 04:03 PM | 1 Like Like |Link to Comment
  • Apple: Another Problem With The Bears' Logic [View article]
    I could not disagree more strongly. You can get the latest iPhone 5S for like $100.00 on a plan. There are other phones that are free that can't compete with $AAPL. The long held belief that Samsung is stealing market share in my opinion is a myth. They are in the low end of the food chain. It is like saying KIA is taking market share from Mercedes Benz.
    Nov 14 01:46 PM | 12 Likes Like |Link to Comment
  • Apple's Buyback Program: Value Destroying And Value Retaining [View article]
    The US government would be wise to offer $AAPL a one time 15% repatriation tax on the hoards of cash held off shore. Shareholders get the cash back on home soil for the cost of 5 years worth of interest on the bonds and the government gets a huge one time cash infusion.
    Aug 21 12:44 PM | Likes Like |Link to Comment
  • "Sentiment is bad. Make that horrible," says Raymond James, upping Apple (AAPL) to Strong Buy from Buy. The team says the company stands to benefit from the new battle in smartphones - putting smartphone chipsets into things like cars, TVs, and appliances. Shares +1.3% premarket. [View news story]
    The most important thing is the retention of customers. AAPL is above 90% which is unheard of!!! This will be the I told you so moment when we see $500 then $600 then $700 and beyond.....
    Jul 1 06:41 PM | 2 Likes Like |Link to Comment
  • Retirement Portfolio For Maximum Income Growth [View article]
    I love the concept of living off dividends in my golden years. Especially dividends that grow at 10% per year! I like to use options to lower my basis. Sell puts to acquire a position and sell calls to increase yield. One stock you should consider adding is BP with a 5% yield and it being undervalued and in the penalty box by Wall Street by around 50%. It has a history of growing dividends and a huge margin of safety.
    Jun 29 08:49 AM | Likes Like |Link to Comment
  • BlackBerry Short Sellers, I Salute You [View article]
    I sold some Jan 14 $8.00 puts on it today. Collected around $1.30 for them on $330 margin for an annualized return of around 50%. For those that lost big, this is a way to get some of it back with limited down side. It needs to trade below $6.70 before I start to lose money on this trade. Could it happen? Sure anything is possible. But I like my risk reward setup on this trade. If it continues to go down further I will add to this position.

    Do I think the turn around will be successful. No I don't. Most of them fail. Especially in tech. But will it go to zero in the next 7 months? Not a chance. This is how you trade with almost no downside risk. You have to wait for the opportunity to present itself. I have recently been very successful doing this same trade on JCP and most recently LULU. The jury is still out on LULU. But I predict I will be fine on that one as well. Get the deck stacked in your favor and then trade. I don't buy stocks od short them for that matter and hope and pray I was right. Been there done that. Selling puts is the way to go.
    Jun 28 10:35 PM | 2 Likes Like |Link to Comment
  • What Do Soaring Call Option Premiums Mean For Gold And Silver? [View article]
    I will gladly sell you some Jan calls on GLD. It is going down down down!!!!! The gig is up!
    May 17 08:16 PM | Likes Like |Link to Comment