Overnight price action was relatively subdued after the fireworks on Thursday and Friday sent markets shooting higher: SPX futures traded in an overnight range of 5 points on low volume, trading down about 0.1% at …
Continue reading
Here is a quick recap of all of the trades that we initiated, closed or expired in the week that was July 23rd to July 27th:
Continue reading
Here’s a preview of what I’ll be discussing tonight on Options Action at 5:00 pm EDT on CNBC: Let me first say that the trade idea I’m proposing today is a very low conviction trade, …
Continue readingWe’ve been beating a dead horse on the theme of slowing growth for some time now. I’ve even brought up the word Recession a few times. There are many reasons for our thoughts that growth …
Continue reading2nd Trade Update July 27th, 2012 at 10:45am: With FB at 22.95 I just sold my Calendar at .15 for a .25 loss, this trade was obviously pretty disappointing because the structure I chose could …
Continue reading
Business Insider The U.S. economy expanded by 1.5 percent during the second quarter, topping expecations for a 1.4 percent gain. Revisions were also not as painful as many economists had expected, with the Bureau of …
Continue reading
MorningWord 7/27/12: As I was short yesterday, I really can’t stomach going through the play by play of yesterday’s price action so rather we will do a little “trade school”. At about 2:30pm yesterday an …
Continue reading
Markets were relatively quiet overnight after a big risk-on day yesterday: Asia followed Europe and the U.S. higher from yesterday, closing broadly green, though the Shanghai index still hovers at 3 year lows Europe and …
Continue readingTrade Update July 26th, 2012 at 2:25pm: SBUX reports their fiscal Q3 earnings tonight after the bell, the options market is implying about a 6% move which is well shy of the 3.33% average move …
Continue reading
New Trade July 26th, 2012 at 1:20pm: My view on the stock is similar to Dan’s comments in the preview below. I think AMZN is a great company, but am less optimistic about the stock, particularly …
Continue reading