Dennis Davitt - Harvest Volatility Management

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Last quote by Dennis Davitt

I've seen a lot of really good investors lose a great amount of money on stocks like Netflix, and that usually comes from when they short them. I think Rob's right, personally. But if Rob's not right, it costs you 5 percent to own the 'insurance policy' on the stock.feedback
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NEW May 26 2017 Netflix
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Dennis Davitt is associated, including Brexit, Procter, and stock. Most recently, Dennis Davitt has been quoted saying: “With the big sell-off in crude oil we saw on Thursday, and the corresponding sell-off in the energy stocks, it's going to be really important to see if that sell-off follows through. If the energy stocks can hold their own over the next two days, that's going to bode well for the entire overall equity market. It'll be interesting to see how retail stocks react to this consumer sentiment number. If they hold their own, it's going to be a true indication of how the consumer is feeling in the market today.” in the article Crude oil and consumer sentiment: Here's what could drive the markets on Friday.
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Dennis Davitt quotes

This was like a Brexit, but it was an American Brexit –it was faster, it was stronger, and it's more robust.feedback

Volatility spiked, but volatility going into the election kind of came off.feedback

Even if they were to repeal Dodd-Frank tomorrow, for the banks to get back in motion … they've spent the last eight years growing out their compliance departments. They're not growing out their proprietary trading departments.feedback

There's real smart money out there buying upside inexpensive calls in the banks. If they continue to defy gravity, it's a great options to own. And if you own these banks, if you were fortunate enough to call this all right, buy some puts against your positions.feedback

I don't see anything definitive out there that's going to put Hillary over the top.feedback

The options market says 'Hillary won, move along, nothing to see here.feedback

Right now the options are pricing Twitter to do a 12 percent move. We've seen Twitter move over 12 percent for the last eight earnings cycles on the announcements of earnings.feedback

But there are some heavy seas ahead.feedback

The professionals were in there buying this stock before the market opened, hoping to get in front of whatever mistake they had made.feedback

It's not very well liked by a lot of people. There's a good amount of short covering going on.feedback

It looks like a really smart way to play Tesla to the upside.feedback

I look at things like Wal-Mart, Hershey's, big companies, not necessarily small companies, but a predominant amount of their revenues come from the United States. So stocks that will behave well in an overheated U.S. economy will do well, and it might be people who you wouldn't expect.feedback

The low- to negative interest rates that we're seeing right now are driving precious metals higher.feedback

It's been around, it has good cash flow, so you see people investing in those stocks, and I think there is growth there.feedback

The other story about this is this is a stock that's now a yield stock. So we see it similar to Coca-Cola, Philip Morris, Procter & Gamble. Those stocks all have a 3 percent dividend yield. Microsoft now pays a 2.5 percent dividend and it trades roughly at a 26 P/E.feedback

Ignoring the political about who wins, from the volatility view, uncertainty is something the markets do not like, and who knows where the polls are going to be. Buy puts if you want to hold on to your stocks, or sell your stocks and buy calls. With the VIX below 15, I think any sort of options buy going into this election is going to be one that will save you money.feedback

They're not earning enough money and I don't see enough vision heading into the future about what the answer's going to be to rebuild their business and with Brexit, the European Union's a question. So I don't know where the bottom is on European stocks.feedback

People are buying puts and calls because they don't know what the [heck] is going to happen. There's just great uncertainty.feedback

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