A new monthly ranking is ready for September 2014. It is based on the modified ‘Magic Formula Investing’ ideas of Joel Greenblatt.
The first 30 stocks are shown here, but it’s more interesting to watch the complete list and search for famous companies like $AAPL or $MSFT and see where they are ranked.
The details of how I make this spreadsheet is in this post, I won’t repeat it here.
|Breitling Energy Corp
|USA Technologies, Inc.
|Enzon Pharmaceuticals Inc
|King Digital Entertainment PLC
|Sino Agro Food Inc
|magicJack VocalTec Ltd
|H&Q Healthcare Investors
|H&Q Life Sciences Investors
|Yongye International Inc
|Whiting USA Trust II
|The St. Joe Company
|SWK Holdings Corp
|SandRidge Mississippian Trust II
|Petroleum & Resources Corporation
|Dow 30SM Enhanced Premium & Incm Fd Inc
|iShares NASDAQ Biotechnology Index (ETF)
|PDL BioPharma Inc
|SandRidge Permian Trust
|Magnachip Semiconductor Corp
|Delta Air Lines, Inc.
|Chesapeake Granite Wash Trust
|WCI Communities Inc
|Eaton Vance Enhanced Equity Incm. Fd. II
|Sandridge Mississippian Trust I
Today I opened a new $VFC bull call spread by buying VFC Jan 16, 2015 $65 Calls at $2.05 and at the same time selling VFC Jan 16, 2015 $70 Calls at $0.55 for a total cost of $150 per each 100 share contract.
This is a long term position and will be managed and adjusted periodically.
Another more speculative position is in $AAPL, since the market heats up in anticipation for the September 9th, 2014 announcement, and the stock is crawling up, I bought some very short time horizon calls, the Ones expiring a few days after the event, on Sep 12, 2014.
I decided on some currently out of the money calls and bought some AAPL Sep 12th, 2014 $105 and $106 Calls.
In the coming days I will also buy Puts on $AAPL out of the money but pretty close since the short time to expiration will make them cheap. The Price will react violently on and after September 9th and the options will appreciate, at least one of the legs will appreciate enough to compensate for the loss on the other leg.
That’s the theory at least. The worst scenario from my perspective would be if the stock would not move enough on the 9th or the following days and the Calls and Puts will expire worthlessly.
That would turn this into a learning experience, but I’m counting on Apple to make an exciting event which will remind people of Apple and ask their broker to buy some for their account…
After the long Labor day weekend, I’m watching these stocks for a possible break up from resistance: $IDG, $SOXX, $POR. All three seem to condense the price range near the top of the yearly range and any small push over the resistance may cause a large move up afterwards.
The other list is of stocks near the bottom of the yearly range of prices, these are stocks that are in a mirror image situation from the first list. The stocks here are dangerously close to the bottom and are near a strong support which, if broken may show further significant price decline. This is a short list today: $SBCF, $NCT.
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Here are the charts of all these stocks.