Trade Update June 4th, 2012 at 10:15am: Since entering the C Sept 30/25/20 Put Fly back in late April for .56 when the stock was 33.55, the stock is down 25%. I am now …
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MorningWord: 6/4/12: It’s been a fairly eventful 16 hours, as Asian equity markets had a little catching up to do with Friday’s weakness in Europe and here in the U.S. One of the hardest hit indices over night …
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NYT Finance Minister Vitor Gaspar of Portugal said Monday that gross domestic product was expected to grow next year by 0.2 percent, down from the 0.6 percent growth it estimated in late April. He also …
Continue readingIn case you haven’t noticed, I like to look at metrics, indicators, and charts that are not as widely watched by other market participants. Like my post on Spain last week, today I am going …
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Here’s a Preview of what I’ll be discussing on tonight’s Options Action on CNBC at 5pm: On Tuesday we made the case why ratio call spreads looked attractive in the newly listed options of FB …
Continue readingTrade Update: 6/1/2012 2:30pm: With IBM trading at $189, we’re going to take this spread off for 8.00 dollars. Paid 3.40. This isn’t a call on a market bottom as much as a new risk …
Continue readingTrade Update 11:15 AM EDT – JUNE 1, 2012 TLT continues its amazing run this week, and I am going to take the opportunity to sell the balance of my June 124 / 129 call …
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MorningWord: 6/1/12: This morning’s weak U.S. jobs data should be the nail in the coffin for those who think the U.S. economy had the potential to “De-Couple” from the near recessionary environment in Europe, and …
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Reuters Job growth in May was the weakest in a year and employers added far fewer jobs in the prior two months than previously reported, suggesting the economic recovery was faltering. Employers created a paltry …
Continue readingI like charts that cut through the noise. Because each and every day, we are confronted with endless headlines, news stories, and opinions, the vast majority of which are just random noise. For example, it …
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