Archive

Buy to open the SPDR Gold Trust (GLD) September 30, 2019 $131 put option. Pay no more than $2.60. My gold indicator has become bearish enough to initiate a bet against GLD via a put. Please note that our long-term view of gold continues to be very bullish. This is… Read More

Sell to Close the Bank of America (NYSE: BAC) January 17, 2020 $28 call option. My stock indicator, although positive, has weakened a little. President Trump will meet with President Xi over the weekend, and while the market expectation is positive, it’s anyone’s guess how it will go. I think… Read More

Sell Barrick Gold (NYSE: GOLD) Buy Newmont Goldcorp (NYSE: NEM) We are making a switch in our senior gold miner, from Barrick Gold (NYSE: GOLD) to New­mont Goldcorp (NYSE: NEM). We think Newmont now offers greater upside leverage to gains in gold’s price, while at the same time giving our… Read More

Buy to open the Bank of America (NYSE: BAC) January 17, 2020 $28 call option. Pay no more than $2.15. Commodities have risen lately, suggesting there’s economic growth. Contrary to expectations, I believe the yield curve is likely to widen. This would be good for banks because they borrowing at… Read More

Sell to close the Schlumberger (NYSE: SLB) January 17, 2020 $37.50 call option. My stock indicator has gotten slightly weaker. Moreover, market expectations are high for the G20 summit. Disappointment would likely cause the market to give back at least some of the recent gains. I think it prudent to… Read More

Buy to open the Schlumberger (NYSE: SLB) January 17, 2020 $37.50 call option. Pay no more than $2.85. Oil service companies have been beaten down. The largest of them, Schlumberger (NYSE: SLB), is trading at very low valuations. I expect a rally in the stock in the second half of… Read More

Sell to close the Berkshire Hathaway (NYSE: BRK/B) August 16, 2019 $220 call option. I recommended a call when my stock indicator became more bullish. That trade worked out very well and this BRK/B trade has come back to roughly break even. However, with all the uncertainties in the market,… Read More

Sell to close the SPDR S&P 500 ETF (SPY) August 16, 2019 $282 call option. The market has made a solid advance in the last two days. Rather than hold on and hope for even bigger gains, I think it prudent to take the nice profit on the SPY call… Read More

Buy to open the SPDR S&P 500 ETF (SPY) August 16, 2019 $282 call option. Pay no more than $4.60. My stock indicator is becoming more bullish, and other market indicators I’ve used are bullish as well. I like the August $282 call on the SPY. While the Berkshire Hathaway… Read More