MorningWord 10/25/12: To say FB caught a bid yesterday was an understatement. The way the stock opened, up more than 20%, it acted like the highly anticipated strong IPO it was meant to be back …
Continue reading
We’re back in familiar territory in the SPX index, between 1400 and 1420. During the second half of March, and practically the whole of August, the index bounced around between those 2 levels , before …
Continue reading
With Facebook up around 20%, it’s no surprise that it dominated options flow today. FB – 4 of the top 7 lines in the single stock options market today were in FB. The Nov 24 …
Continue readingIn the last month, the SPX bounced around between 1425 and 1470 several times. What was interesting about VIX (and I mentioned it several times in this piece) was that it would not move much …
Continue reading
EVENT: AAPL reports fiscal Q4 earnings after the close tomorrow. The options market is implying about a 5.5% move (the at the money straddle is about $33.50 vs the stock at ~$620.50) which is shy …
Continue readingTrade Update Oct 24th, 2012 at 1:15pm: With When I first bought the WYNN Oct / Nov 105 put calendar 3 weeks ago, here is what I said in the Trade Rationale: This structure gives me …
Continue reading
Coca-Cola. It’s practically the C in AMERICA. One of our most successful global exports of the last century. And even though that global growth has been phenomenal, more than half of their beverage sales still …
Continue reading
Hi Traders, As you probably saw we experienced an outage with our server facility in Dallas this morning that knocked all the site hosted there offline. it took our hosts a few hours to correct …
Continue reading
MorningWord 10/24/12: As bad as yesterday’s sell off in equities felt, it could have been a lot worse if it wasn’t for some relative strength shown by some recently beleaguered tech and consumer shares. For instance on a …
Continue reading
Main overnight story? Weak European PMI. This is the chart making the rounds (and it caused SPX futures to sell off from their overnight highs): European growth showing no signs of picking up. …
Continue reading