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  • Sherwin-Williams: A Fine Company With Overvalued Shares  [View article]
    Wait! It will come down even more "return of the mac".
    Dec 12, 2013. 12:26 AM | Likes Like |Link to Comment
  • Is Opko Health A House Of Cards?  [View article]
    Hmmm, it is getting badly slammed now, isn't it? Keep falling OPK, you belong well down further. These fanboys remind me of Tesla fanboys. Where are they now? Probably jumped off a bridge somewhere...

    Dec 12, 2013. 12:03 AM | Likes Like |Link to Comment
  • 5 Reasons Why An Investment In Fuel Tech Could Hit A Home Run  [View article]
    Excellent investigative work and analysis, Daniel. Keep up the work, looking for potentially explosive companies in the $4-$15 range.

    Here it is six months after you wrote the article, and I find myself getting into this company.

    Now following you...

    Dec 3, 2013. 12:39 AM | Likes Like |Link to Comment
  • Using A 'Butterfly Spread' On These Range Bound Stocks  [View article]
    Hello Kevin,

    I am not sure what you mean that you prefer to place these trades on Tuesdays because it is basically Thursdays?

    Are you saying that for Butterflies you place them on Tuesday and they expire that Friday?

    Thanks, Marc
    Nov 3, 2013. 01:38 AM | Likes Like |Link to Comment
  • 3 Good-Yielding Gold Stocks Trading Way Below Book Value  [View article]
    I liked your article; thank you for writing it. It will make investigate and potentially buy-into one of the three...

    Jul 20, 2013. 12:38 AM | Likes Like |Link to Comment
  • 2 Overvalued Stocks To Short As A Hedge Against A Crash  [View article]

    Your title is exactly what I have been thinking of setting up. As a market hedge, use VIX calls AND, do puts on those that are severely overvalued and teetering for a fall...


    Jun 21, 2013. 11:56 AM | Likes Like |Link to Comment
  • 2 Overvalued Stocks To Short As A Hedge Against A Crash  [View article]

    Thanks a bunch for CRM. I am doing a put debit spread on it now.

    Let's see it fall (more)...


    Jun 21, 2013. 11:07 AM | 1 Like Like |Link to Comment
  • 2 Overvalued Stocks To Short As A Hedge Against A Crash  [View article]
    Jun 21, 2013. 09:21 AM | Likes Like |Link to Comment
  • Black Swan Insurance That Might Pay Off Even If There Is No Crash  [View article]
    Lucky you did that trade when you did...the vix is now at 12.38! NOW, is the time to do that same type of trade....

    Feb 15, 2013. 02:29 PM | Likes Like |Link to Comment
  • First Trust Will Offer 'Tail Hedge' VIX Fund  [View article]
    Hello Chris,

    You finally mention: "Dynamic allocations make sense, but I believe that there are better rules than those used here."

    Which begs the question, "like what?".


    Jan 12, 2013. 04:16 PM | Likes Like |Link to Comment
  • Will Google Be Generous To Us Once Again?  [View article]
    And likewise with your straddles and RICs if the underlying doesn't move outside the strikes or the IV fails to raise enough to overcome your time value decay.

    What would you rather do: defend a credit or hope that a debit turns into a profit? When the IC BEs are placed outside the BEs of the straddles/RICs your probability of profit is obviously much higher.
    Jan 9, 2013. 10:45 AM | Likes Like |Link to Comment
  • Buying VIX Calls As A Portfolio Hedge  [View article]
    This is the best article I have ever read on VIX hedging! Perfect work, Jim. I am now going to "follow" you on Seeking Alpha.

    I do a lot of Iron Condors, and I wanted to get more precision on VIX hedging. Larry McMillian's VIX + 7 strikes seemed to be a bit un-precise. If I use the VIX + 25% OTM, that would bring us to about 4-5 strikes OTM using today's low VIX (14.68) number. Tell me otherwise.

    Thanks again. Bravo!

    Jan 2, 2013. 09:26 PM | 1 Like Like |Link to Comment
  • Pre-Earnings Implied Volatility Play On Nike  [View article]
    Hello Kim,

    Interesting example. I will actively monitor this. Is the same true for OTM options?

    Why do I ask? Long OTM weekly puts and reverse put calendars for long expiring IC...

    Dec 5, 2012. 10:17 AM | Likes Like |Link to Comment
  • Iron Condors and Vertical Skew  [View instapost]
    The ROI is much better, the closer you bring in your longs. BUT, there is at least one case I know of where you may want to widen out your protection: You want to have a much stronger negative Vega play.

    My question, as I haven't fleshed this out myself yet: Is it better to use the SPY or the SPX for the Iron Condor structure? At first, I was doing RUT and SPX Iron Condors, but, the Bid - Ask spreads are monstrous, and one is forced to least space your spreads by five. But yet the premiums appear much better, and the SPX is Euro expiration retirement. The latter doesn't matter to me as I am out with 30 days or more to go to expiration.

    What are your thoughts?

    Dec 2, 2012. 05:54 PM | Likes Like |Link to Comment
  • Pre-Earnings Implied Volatility Play On Nike  [View article]
    Hello Kim,

    When I model the, say, the Nov5 12 ATM (570) AAPL vs the Jan14 ATM, there is a massive difference in volatility sensitivity. These aren't theoretical, these would be actual, if everything else stayed constant, and the volatility moved as stated.

    Currently AAPL's IV is 31.71%

    @ 571.50 (current price) here are the numbers the ToS platform states:

    Jan '14 expiration:

    31.71% $-0.58
    36.71% 2,365.50
    41.71% $4,717.06
    46.71% $7,052.42
    51.71% $9369.40

    Versus the Nov5 Weekly:

    31.71% $0.43
    36.71% $314.53
    41.71% $629.21
    46.71% $943.95
    51.71% $1,258.72

    Quite a difference!

    For pure volatility plays, stick with LEAPS.


    Nov 24, 2012. 10:23 AM | Likes Like |Link to Comment