Ok here is a little conspiracy theory that I just dreamed up…..if the Europeans are close to some form of ECB intervention to backstop Euro-zone Nation’s Sovereign debt could you think of a better time …
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In Goldman Sachs, a buyer of 8k December 110 calls for .30 In Citibank, a buyer of 50k December 29 calls for .23 In JP Morgan Chase, a buyer of 75k December 35 calls for …
Continue reading4th Update Nov23rd 2011 at 3:25pm: I just closed the balance of this position by selling the Jef Dec 10 Put at 1.00. So lets recap: I originally paid .85 for them and made .15, but the …
Continue readingUpdate Nov 23rd 2011 at 1pm: Since making this suggestion to collar longs less than 2 weeks ago, AAPL has dropped about 4% and could be nearing some support at $364 or so which is …
Continue reading2nd Update Nov 23, 2011 at 10:55am: With MS and BAC both down about 30% from their Oct highs and not far from their early Oct lows, I want to manage these positions. Back in …
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MorningWord: 11/23/11: This is going to be short and sweet this morning as I hope to get in Holiday mode very soon, but first we have to deal with some of the news overseas that caused …
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NYT FRANKFURT — Banks clamored for emergency funds from the European Central Bank on Tuesday, borrowing the most since early 2009 in a clear sign that the euroregion’s financial institutions are having trouble obtaining credit …
Continue reading3rd Update Nov 22nd 2011 at 3:23pm: With INTC down another 1.25% todat at 23.28 I am selling the other half of the Dec 24/22 put spread that I paid .35 for last week at …
Continue reading2nd Update Nov 22nd 2011 at 11:10am: With GMCR down about 8% at 48.80 for no apparent reason this morning and down 10% from the morning highs, I am going to sell half of the …
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No Trade here, just doing a little charting and CMG strikes me as a textbook head and shoulders top. With the neckline sitting at huge support of $300 and right above the 200 day …
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