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Monday April 20, 2015

// April 20th, 2015 // Comments Off on Monday April 20, 2015 // Daily News

This is how one trader made millions on Disney
Alex Rosenberg | @CNBCAlex

CNBC.com
Shares of Walt Disney have had a great year, rising more than 13 percent in 2015 and far outpacing the market as a whole. But for one options trader, the run must have felt especially magical.
In June, a trader bought 50,000 of the April 100-strike calls in Disney for about $1.70 each. With each options contract controlling 100 shares, this represented an $8.5 million bet that Disney shares would rise above $101.75 by April. Given that shares were trading below $85 at the time, that must have seemed like a quite a long shot.
Fast-forward to the trade’s expiration day, Friday. Despite falling on a tough day for the market, the stock still logged an advance of 25 percent over that time. And that left the option trader is a very strong position.
Since a call represents the right to buy a stock for a certain price at a given time, owning those calls granted the options holder the right to purchase Disney shares for $100 at the close of Friday trading. That was quite valuable, since Disney shares closed at $106.69.
Actually, the trader appeared to take off half of the trade on Friday morning at a price of $6.80 per options contract (perhaps because the trader didn’t want to own as many Disney shares as the call allowed). If half the calls translated into Disney shares purchased at a $6.69 discount, and half the calls were sold at a price of $6.80, the position ended up being worth nearly $34 million.
Since the position was entered into for $8.5 million (excluding transaction costs) that represents a profit of $25.5 million, or 300 percent.
“This is why I trade options instead of stock—because you can get the better return on investment if you’re right about your position,” commented Andrew Keene, an options trader with Keene on the Market. “This trader just locked in massive profits in Disney.

Today’s Inspiration

Set a Goal to Enjoy Every Part of Your Day

by Joyce Meyer – posted April 20, 2015

Therefore my heart is glad and my glory [my inner self] rejoices; my body too shall rest and confidently dwell in safety. Psalm 16:9

There are dozens of things that happen during ordinary, everyday life, and we can enjoy them all if we just make a decision to do it.

Things like getting dressed, driving to work, going to the grocery store, running errands, keeping things organized, sending e‑mails, taking the kids to practice, and hundreds of other things.

After all, they are the things that life is made up of. Begin doing them with an attitude of gratitude and realize that, through the Holy Spirit, you can enjoy absolutely everything you do every day of your life.

Joy doesn’t come merely from being entertained, but from a decision to appreciate each moment that you are given as a rare and precious gift from God.

Prayer of Thanks Father, thank You for the gift of life, and thank You for every activity that comes with that gift. I pray that You will help me find joy in each part of my day as I live for You. I thank You that I can choose to enjoy even the average, routine parts of my day.

Friday April 17, 2015

// April 17th, 2015 // Comments Off on Friday April 17, 2015 // Daily News

S&P to start its correction today, analyst warns
Matt Clinch | @mattclinch81

CNBC.com
Bullish short-term traders might do well to take their foot off the gas Friday, with two technical analysts telling CNBC that major global benchmarks were set for a short correction over the next month.
Delving deep into the technicals, Yacine Kanoun, managing director at PivotHunters, a portfolio management firm based in the U.K., highlighted that Germany’s blue chip index, the DAX, has already dipped by 3 or 4 percent since last week.
He now expects further falls in the short term on both the DAX and the U.S. benchmark S&P 500.
“Definitely the market is going to correct here,” he told CNBC Friday. “I think the correction has started on the DAX, and the S&P 500 we are probably on the top today.”
He said the expiry of options contracts – a type of financial instrument – on Friday would herald the start of a correction in the U.S., which which would follow the German bourse lower over the next month and lose 10 percent from its current peak.
Meanwhile, Steve Miley, technical strategist at TheMarketChartist.com, also told CNBC Friday that the DAX would “likely correct further and go slightly lower into next week.”
He offered a bottom for the DAX of around 11,650 points, to occur sometime next week. This would mean a 6 percent drop from its peak of 12,374 points on April 10.
The index is currently at 11,998 points and has seen stellar gains of 22 percent this year on the back of quantitative easing by the European Central Bank. The S&P 500 is currently at 2,104 points and has edged 2.2 percent higher so far this year.
PivotHunters’ Kanoun spoke of a “convergence” between major global benchmarks this year, especially the S&P 500 and the DAX.
“Now they are in sync, from here I think they are going to move in parallel, ” he said. Miley expects the opposite for the S&P 500 and told CNBC that a “bullish leadership” could start to shift back to the U.S. and predicts new record highs into next week.
Miley expects the opposite for the S&P 500 and told CNBC that a “bullish leadership” could start to shift back to the U.S. and predicts new record highs into next week.

Today’s Inspiration

God Gives Us All We Need

by Joyce Meyer – posted April 17, 2015

And they who know Your name [who have experience and acquaintance with Your mercy] will lean on and confidently put their trust in You, for You, Lord, have not forsaken those who seek (inquire of and for) You [on the authority of God’s Word and the right of their necessity]. Psalm 9:10

In His Word God has given us the tools we need to help us through each new day. He has given us “the garment of praise for the spirit of heaviness” (Isaiah 61:3 KJV). So, when you wake up in the morning, decide that no matter what hap¬pens, you will not be depressed today.

Put on the garment of praise first thing in the morning. Listen to worshipful music, read the Word, and renew your thoughts to bring them into line with what God says you are —righteous and blessed. You can think right, talk right, and act right all day, if you spend time with God before trials come your way.