Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Idealized Utilities

By -

If someone – – anyone – – were asked what financial instrument sounded more exciting: The Dow Jones Utilities (XLU) or hot Internet app maker Snap (SNAP), I strongly suspect SNAP would win the day. However, SNAP is a dog, trading at about one-third of its peak and just kind of crawling around the sub-teens (much like its demographic). The Utilities, on the other hand, is a daily obsession of mine.

I have a ton of January 2019 puts on this (strike price $54), and after causing a bit of trendline damage earlier this year (red circle), it roared higher and only started weakening a few days ago.

(more…)

Do NOT follow this link or you will be banned from the site!