Part 3 in my series on the Vaccine Put–how you can protect your portfolio if this support for stock prices falters over the next two or three months
Just in case you needed an example of how powerful the Vaccine Put is, check out today's (September 14) action in the U.S. stocks. On positive "indications" about a possible coronavirus treatment, Incyte (INCY) was up 5.55% as of 3 p.m. New York time. On positive news...
Adding two pick and shovel buys for the coronavirus vaccine race
The old saw about how to get rich from a gold rush says, Don't try to strike it rich mining gold; instead sell picks and shovels and blue jeans to the miners. Same still holds in today's race to produce an effective and safe coronavirus vaccine. One or two of the...
The two ways I’m using options now
In my personal investment/trading account, I've divided my options positions  into two buckets and I'm using them in two very different ways. First, there's a handful of options that I'm trading, mostly to the Put downside on bets that any recent bounce in the...
Here’s my pick for getting in on the coronavirus vaccine race
In case you needed a reminder that there's a coronavirus vaccine race going on, today Pfizer (PFE) and its partner BioNTech (BNTX) announced that they had signed a $2 billion deal with the U.S. government to provide 100 million doses of its coronavirus vaccine...
Vaccine hopes drive stock prices higher today–and tomorrow?
U.S. stocks broke strongly higher today as Moderna (RNA) disclosed results from an initial safety trial. Investors also got a report on the ITV.com website that new findings from the vaccine candidate being developed at the University of Oxford could be published as...
China is giving away free money–and here’s a stock pick to take advantage of that
Of course, China's government isn't exactly giving away money. But Beijing has embarked on one of its periodic efforts to talk stocks in Shanghai and Shenzhen and Hong Kong higher and then higher some more. On Monday July 6 the CSI 300 Index, which tracks the 300...
So how much worse will things get for Wells Fargo? Continuing to hold my Put Options but maybe taking a little profit
On today's bad news from JPMorgan Chase (JPM), Citigroup (C), and, especially, Wells Fargo (WFC), the Wells Fargo Put Options (WFC201016P00025000) I hold in my Volatility Portfolio had gained 20.62% to $3.10 as of 2 p.m. New York time today. That still leaves this...
Positioning ahead of earnings season uncertainty
As I wrote in my earlier Morning Brief, the stock market seems to be selling (generalization I know) what I'm calling "re-opening dependent" stocks. And nervous about the tech stock winners that have led the recent days in this rally ahead of next week's earnings...
Wells Fargo says it will cut its current dividend after Fed stress test
Wells Fargo (WFC) said today that it will cut its current 51-cent dividend after the Federal Reserve's most recent round of stress tests set new limits on dividend payouts and share buybacks. The bank said it will announce the size of the cut on July 14 when it...
Palo Alto Networks gets modest earnings forecast bump for 2020
Analysts have raised their earnings estimate for cyber-security software company Palo Alto Networks (PANW) by 4.5% to 6.5% (depending on the data source you use) over the last 60 days. For 2020 Wall Street is now looking for $4.79 a share for 2020. That would still be...
For Friday, I’m adding more Puts on Brazil ETF and new Puts on Mexico ETF in my Volatility Portfolio
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