BA - Neutral Iron CondorTaking advantage of mixed market feelings toward stock to place wide neutral iron condor to box in price action.
255/265/365/375 JAN19 IRON CONDOR @ 1.67 CREDIT
General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.
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Insurance
PFG: Dark Pool Footprints Show Accumulation in a BottomAs a new generation starts families and buys homes, the growth in Life Insurance also booms. There are several life insurance companies forming bottoms right now and many are nearing completion for future position trading, intermediate term holds or even long term holds.
This chart has a specific footprint in the chart patterns that confirms the bottom has begun with accumulation from the Dark Pools. The bottom completion should be confirmed before entry for position-style to longer-term as it could easily retest its lows several more times while you are holding in the red waiting for the move up. Always, buy into strength.
I do not trade against insurers when hurricane is comingMaybe this is just a moral decision and not so smart but I live in Florida where hurricanes are very usual, bet against insurance companies who could save your house or car is quite stupid as to bite the hand that feeds you.
This is not an idea nor a call. Just simply don't do it.
Learn how to beat the market as Professional Trader with an ex-insider!
October starts the last course of the year. Time to jump to the profit side.
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
American International Group Inc LONGLong @ $55.72
- P/B ratio of 0.76 compared to the industry P/B ratio of 1.31 showing that the stock is significantly undervalued.
- Market cap - $51.05B
- DIV yield – 2.26%
- Debt to equity – 0.48
- VWAP - 55.77
- Beta – 1.23
- Short interest - 17,678,471
- YTD shares are down 5.6% compared with the industries growth of 5%. There is considerable analyst optimism with the price target across 12 analysts with an average price target of $71. Shares are currently trading at 55.7 and is at a massive value area providing an attractive investment opportunity.
- The financial stability oversight council has voted to abolish the non-bank SIFI tag (Systematically important financial institution). This label was imposed by the Dodd-frank act in 2010 as a response to the financial crisis and was used for extra regulatory requirements and increased scrutiny such as; strict oversight by the federal reserve, higher capital requirements and harsher periodic stress tests.
- Over the last couple of years AIG has been focusing on its core insurance operations and restructuring businesses by trimming operations, thereby enhancing operating leverage and capital allocation. Since the financial crisis, the company has executed over 50 different asset sales and divestitures resulting in revenue in excess of $100B. These were made to generate revenue to repay the bail out funds to the US government and to simplify the company creating a focus on core operations generating higher ROE and using excess funds for share buy backs.
- AIG had strong life and retirements results made evident by an increase in adjusted revenues by 13% in 2017 after a decline of 10% in 2016.
- One of AIG’s top financial goals is to generate sustainable operating efficiency gains via reduction in net expenses. We believe that the companies initiatives will result in strict cost control providing comfort to its operating margins.
NeroTree capital rates American International Group Inc as a STRONG BUY with a price target of $70 over the next 52w.
Direct Line could be forming a large topDirect Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months.
This rejection is likely to trigger a move to the lower end of the channel at 332p.
332p is a huge support level that has held since July 2015. If this breaks to the downside, then I would expect to see a sharp move lower as large top pattern completes.
The shares rank towards the bottom of my fundamental model, scoring poorly on growth and profitability metrics.
My trade today is to sell on the open.
Target 1 is for a move to the bottom of the range at 332p, then if this breaks look for a move towards 245p over the medium term.
Stop loss on the trade is at 374p
Tracklis stock: AGNAdding this stock to my tracklist: no position atm.
AEGON NV operates as a holding company, which engages in the provision of insurance, pensions, and asset management services.
It operates through the following segments: Americas, The Netherlands, United Kingdom (""UK""), New Markets, and Holding and Other Activities.
Its products include life and non-life insurance on accident, health, car, and fire.
The company was founded in 1983 and is headquartered in The Hague, Netherlands.
Website: www.aegon.com
- Sales 2017: 23 473 M
- EBIT 2017: 1 942 M
- Net income 2017: 1 260 M
- Yield 2017: 5,50%
- Sales 2018: 24 230 M
- EBIT 2018: 2 031 M
- Net income 2018: 1 320 M
- Yield 2018: 5,76%
- P/E ratio 2017: 8,05
- P/E ratio 2018: 7,69
- Capi. / Sales2017: 0,42x
- Capi. / Sales2018: 0,41x
- Capitalization: 9 937 M
Tracklist: No Advice Atm
Legal & General taking out huge resistance levelLegal & General is currently trading above major resistance. The break of this level suggests that the medium to long term outlook is positive from here. We will wait to see if this break can hold on the weekly chart before committing longer term. In the short term the momentum is strong and further gains could be seen. Gap resistance around 267p and the 78.6% Fibonacci level is the short term target.
GNW - recovering fortune 500 giant, turnaround play of the yearGNW recovery play, Long at 3.08 as of 6/14/2016, target 6.50 or more by this time next year. GNW was hit by horrible guidance and earnings the previous year and is just starting to recover since the last earnings early May. It has stopped the bleeding in its LTC unit and is poised to make a turnaround. Rate hikes should help GNW as well. 82% of stock float is held by institutions and mutual funds, and multiple firms have been picking up position in the stock the last quarter. The current tradable float is small and will be very volatile on low volume. I'm long Jan 2017- 5 strike calls. Looking for 5 by September