Top Options News

Expert options trader Phil Davis shares his options trading secrets and views on today’s economy. John Nyaradi: Philip R. Davis is an options trading expert and founder of Phil’s Stock World, a stock and options trading site that teaches the art of options trading to newcomers and advanced trading strategies for expert traders. His articles and references have appeared in the Wall Street Journal, Google Finance, Business Week, CNN Money.com, Trader Planet, and iStockAnalyst. Phil is also a marketing partner of Wall Street Sector Selector, and at the end of this interview, I’ll tell you about how you can advantage of a special offer from Phil’s Stock World. Phil, welcome to Wall Street Sector Selector. Philip R. Davis: Hi, thanks, John. John Nyaradi: Today, we’re going to talk a little about your view of the economy, the current state of the markets, then dive into some of the specifics of your option trading strategies and Phil’s Stock World itself. Let’s start with your big picture...

Tom Bradley, President and Co-Founder of Steadyhand, wrote an article on Prem Watsa with a bit more of the factors that have contributed to Mr. Watsa’s success as an investor. Thought I’d share as a follow-up to yesterday’s articles. We also need to remember that Prem is as ‘non-benchmark’ as they come. He goes where he finds value, regardless of what others are doing. He can be seriously out of sync with the overall market for long periods of time, which would be psychological agony for a lesser investor. Being wrong is one thing, but being wrong alone is quite another. Read more here: http://advisoranalyst.com/glablog/2010/12/02/be-like-prem/

WASHINGTON (Reuters) - Steps by the Federal Reserve to pump more money into the U.S. economy through government bond purchases could stoke inflation, even though growth will remain moderate through 2011, a survey showed on Monday. The National Association for Business Economics (NABE) said its 51-member forecasting panel continued to rank inflation as a bigger worry than deflation. The survey was conducted between October 21 and November 4. The Fed's November 3 decision to buy an additional $600 billion worth of government bonds to stimulate the economy and prevent prices for spiraling lower has been criticized both at home and abroad. About a third of NABE panelists view the Fed's second asset purchasing program as somewhat lessening the risks of deflation, while another 33 percent saw the step as risking inflation. Still, they forecast the Fed's preferred measure of consumer inflation -- the personal consumption expenditures price index excluding food and energy -- to rise to 1.5 percent by the end of 2011 from...