Dennis Davitt - Harvest Volatility Management

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Last quote by Dennis Davitt

The regulations around the long end of the curve, forcing banks to hold those bonds, and the demand for longer-dated bonds out of European banks is going to continue to hold the long end of the curve down. [That's regardless] of what the economy does, regardless of what the Fed does on the front end.feedback
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Nov 10 2017
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: “If you have an opinion in this stock, get long it or get short it, and then sell the options against it to lower. This is one of the few areas in volatility nowadays where we have a 100-plus volatility in an underlying asset. They're going into bitcoin, so all bets are off.” in the article Bitcoin is giving this stock a huge boost.
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Dennis Davitt quotes

Aug 02 2017 - Amazon

So long as they keep growing the top line, no one cares. If you were an analyst in this sector for the past 10 years and applied conventional thinking to this stock, you lost your investor a good amount of money.feedback

Aug 01 2017

An increase in the mortgage application number will show that there's a lot of consumer confidence out there, and people are believing in the current economic rebound that we're seeing.feedback

Aug 01 2017

I feel like it's best in breed in the sector, and it tends to outperform the overall IYR ETF market.feedback

Jul 12 2017

If we see [the ECB] pull back on their bond buying ... if we see inflation creep into Europe ... that's going to have far more of an effect on the U.S. than the next Fed chairman.feedback

Jul 12 2017

The options on it are very expensive – and they should be expensive, because if you own Boeing, you have money to spend on insurance. So we're seeing a premium in the options going into earnings. The options market is saying it's a great stock, hold onto it, but buy some insurance on it – and a lot of people seem to be doing that.feedback

Jul 11 2017 - Oil

Lower crude oil prices in the United States will certainly provide a tail wind for manufacturing and overall economic activity in the United States versus the rest of the world.feedback

Jul 11 2017 - Oil

The positive knock-on effects of lower energy prices can be seen at the pump. When people are spending under $2 per gallon for gasoline, it gives them considerably more discretionary income that they can spend on other things ... that in the past went right into their fuel tanks.feedback

Jul 11 2017 - Oil

If you need to pick a bottom in the energy sector, that would be a good one to own.feedback

Jun 20 2017

Options allow you to get yourself exposure with limited risk and in a stock that moves around as much as this stock is – that's always a good thing to have. The real interesting thing we are seeing in Nvidia is a real demand for upside calls. As a matter of fact, the demand for upside for people trying to get participation in this stock – without risking too much money by buying those calls – has kind of disjointed the market.feedback

Jun 20 2017

So you get paid, in essence, to insure your position. And that's just because there are so many people playing options in Nvidia right now and it's on a daily basis one of the highest options contracts out there.feedback

Jun 20 2017

Somebody bought about half billion dollars' worth of those. So we're seeing people gaining exposure back into the tech sector using options on the broader base tech indexes, which are mostly the FANG stocks.feedback

Jun 20 2017

The phrase that people were using was 'the tech comeback,' you know, and with these stocks up 15 percent for the year, we'll leave that to LL Cool J to call it a comeback. But I do believe that we are seeing upside call buying in the tech sector, in the options space.feedback

Jun 19 2017 - Brexit

Once the VIX is below 10, I find there's a really good opportunity to put hedges on my overall portfolio. With the talks kicking off in the Brexit conversations, this should be a really interesting tell as to how smooth they are going.feedback

Jun 19 2017 - Amazon

The upside call buying that we've seen in Whole Foods has been robust.feedback

Jun 19 2017 - Amazon

Last week's move above 12 was short-lived, and perhaps a broader market rally will send it once again below 10.feedback

May 26 2017 - Netflix

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

May 25 2017 - Oil

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.feedback

May 25 2017 - Greece

If this continues to collapse, I'm then going to figure out if it's more confidence in Greece … or if the German economy is actually starting to overheat.feedback

Apr 12 2017

Citigroup options are trading at a higher volatility; people are asking more money to sell you insurance on Citigroup.feedback

Apr 12 2017 - Trump Presidency

A lot of people are short vol in Europe, and try to hedge it by buying vol in the U.S.feedback

Apr 12 2017

The demand for longer-dated U.S. Treasury bonds is still going to be high unless we see 'too big to fail' go away, referring to the potential for the removal of regulations in the financial industry. As economic activity picks up, you could even see the curve go inverted with the 10-[year] staying below 3 [percent].feedback

Apr 06 2017

I think the jobs number will matter for about 15 or 20 minutes – and then once the market opens, the buying will begin.feedback

Mar 31 2017

After 30 years in the business, I have seen far more money lost than made by speculation on 'other people's positions'. I find it is hard enough to make money just managing my own positions.feedback

Mar 03 2017

It feels like the market is underweight stock.feedback

Jan 12 2017

If anything, I see people buying more puts to protect the downside in these stocks. Macy's is like a mall within the mall, so they don't really stand out productwise. Kohl's is a lower price point. So we're seeing more activity in Macy's to the downside – people buying protection.feedback

Nov 18 2016 - EBay

Options are beneficial to buy before periods of volatility when people are not looking at high historical yields. So it's kind of like, the hurricane has just passed, and now you want to buy insurance on it. The options were priced for a volatile time, and now they're fairly priced.feedback

Nov 13 2016

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

Nov 13 2016

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

Nov 11 2016 - Dodd-Frank Act

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

Nov 11 2016

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

Nov 07 2016

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

Nov 07 2016

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

Oct 19 2016 - Twitter

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

Oct 19 2016

But there are some heavy seas ahead.feedback

Oct 19 2016 - Netflix

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

Oct 19 2016 - Netflix

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

Sep 23 2016 - Tesla

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

Aug 29 2016 - Walmart

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

Aug 11 2016

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

Jul 20 2016 - Microsoft

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

Jul 20 2016 - Coca-Cola

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

Jul 15 2016

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

Jun 22 2016

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

Jun 14 2016

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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