3309 Drysdale Ct
Edwardsville, IL 62025
Air Gas used to be publicly traded, but it got taken
Any ideas on how to get exposure to the Patio Heater market
through publicly traded equities?
I'd like to be more upstream than Home Depot or Lowes.
Cali shutting down dining again, but tearing up the
requirements for permits to set up dining outside, including
parking lots. Even in Cali, come September or so (depending
on location), people will want patio heaters in the mornings and
evenings. I'm guessing the trend spreads nationally and
likely even internationally?
Anyone looking at Homebuilder components? Looks like a few
of them are breaking out of coils or moving bullishly within a coil
today (LEN, PHB, etc).
definitely agree with selling calls against TSLA , Just
would be very careful about selling puts to offset cost of stock,
in this particular case. I'd prefer to sell puts on something I
think maybe bottoming or near major support and use the proceeds to
purchase stock or calls.
Thanks! I'm starting to work on my Interactive Brokers Python
API. Something like this shouldn't be too hard to program in
along with live data and order execution. VectorVest seems
expensive. Which of their products does this tool come with?
I'm guessing that even if I can't pull it off myself (this I
can), I could get a developer to build this out for me for less
than VV's subscription cost.
A lot of brokers have portfolio rebalancing tools these
days. But don't think of it as just for rebalancing. Plug in a
ticker, plug in the target percentage (as a % of total account) and
hit the create rebalance orders button. No need to think
about number of shares, dollar values, etc, etc. I love the one at
Interactive Brokers - only downside is that it doesn't work well
for option spreads (I use it for everything else). I will
often enter a position at 1.5% increase to 3% on weakness,
potentially scale up to around 5% if it falls down near my stop
price (typically a support area) and then scale out the same way
(if I don't get stopped out).
Risk reversal on TSLA seems incredibly risky with the 38.2%
retracement of the move from March currently at $1010. That
would just be a standard pullback....and I'd expect a decent
likelihood that TSLA retraces to the 50 or 61.8% (881 & 753) at
some point (like all equities do eventually). Speaking from
experience, it's not fun when a risk reversal goes hard against
you. Even though you know it's only a paper loss until it gets
below your short strike, it can blow up an account while you're
waiting for the premium to decay.
"Risk Reversal" strategies are great. I prefer the classic
approach of selling a put to finance the price of a call (sometimes
for a small credit), but you can do it with stock instead (as
described). Personally, I would only do stock vs options for
tax reasons and/or because the underlying pays a decent sized
dividend that I want to capture.
I'm a huge fan of spreads (mostly debit spreads, but some credit
spreads). However, I pretty much had to stop using them in client
accounts. One reason is that they are difficult to size correctly
unless account size is large (with the relatively large average PPS
these days). Also, when market crashes (happens regularly with the
Fed juicing everything these days), it is very difficult to explain
that the exploding vol is making the account look much worse than
it really is (unless forced to liquidate before expiry). I
definitely still use them in my personal accounts. Almost
Thx. I'll also post when I let mine go - me giving up on
protection usually signals the market is near a top
Will probably resolve down as soon as I give up on fighting the
Fed and go all in on the long side
Rising wedge on QQQ's daily chart (old high in Feb to March low
forms one side). Seems most likely to eventually resolve down, not
up, but we will see.
INTU - been monitoring it for a break above the ascending
triangle , but the company got destroyed on an episode of "Patriot
Act" that I watched on Netflix yesterday. They way "the mob"
has been able to dole out justice lately, I'm not sure I would
touch INTU with that episode floating around.
*I try not to be political and am a moderate when I am, but the
show did have some good points about INTU marketing tactics that I
have actually experienced myself.
AKAM coiling on multiple timeframes
LITE - nice triangle on daily
AKAM might be worth a look.
Was coiling and busted out today (higher)
Consider XSP as an alternative to SPX if size is an issue. Even
1 SPX option is a large chunk of notional value - XSP is 10x vs SPX
at 100x. Same tax treatment.
Downside is that you don't get the extended markets with XSP
that you do with SPX. But how many people even realize that SPX
(and VIX) starts trading at 2am?
I sent that graphic you made to a lot of peeps. Got a good
Exactly. I had multiple clients today ask me if we should go to
cash. For the first time, I erred on the side of "fundamentals
don't matter anymore." Maybe it's a sign of a top ;)
FCEL also nice today.
A good friend of mine owns a related biz in Australia. He says
the industry is suddenly ON FIRE.
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