Dennis Davitt - Harvest Volatility Management

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Last quote by Dennis Davitt

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
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Jun 20 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: “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.” in the article Trader’s favorite’ Nvidia should be a ‘long-term investor’s favorite’ too, strategist argues.
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Dennis Davitt quotes

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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