Readers of my little rant in the MorningWord this am (here) can tell that I am a bit skeptical of YUM’s about-face on their recent guidance of sales in China. Last night’s press release, which was released …
Continue readingThe VIX was up 5% on a quiet Friday, as investors started reaching for put protection for the first time in a few weeks. The CBOE put/call ratio was also much higher, after starting the …
Continue readingAs Dan and I were discussing Whole Foods stock this morning, he said, “Whole Foods is a freakin’ grocery store that trades at 32x next year’s earnings that are expected to grow 15%…that’s just stupid.” …
Continue readingTrade Update Nov. 30th, 2012 at 10:20 am: I walked through my thoughts this morning in the Macro Wrap on the ABT call diagonal I traded in October. In short, there are 2 reasons why …
Continue readingMorningWord 11/30/12: On a daily basis we do our best to look at the markets from both qualitative and quantitative standpoints and provide readers with non-consensus views, sometimes we even hit the trifecta and nail some witty …
Continue readingSince it was a quiet overnight session, with not much new to note, I want to take a detour from the macro this morning to focus on some trade school. We use calendar spreads very …
Continue readingVery tech heavy day in the options market today. INTC – The largest single options print of the day. The Dec / Jan13 21 put calendar traded 48k times this morning for 0.16. The customer …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today around 3:20 to 3:30 pm EST on CNBC: Both MSFT and GOOG are up single digits in 2012, but you wouldn’t know it …
Continue readingTrade Update Nov. 29th, 2012 at 1:15pm: This is a rather quick change in stance from a trade I initially put on 2 days ago. But circumstances have changed, so I have modified the trade. …
Continue readingAfter the nearly 6% rally of the last 9 trading days , the SPX is now down less than 4% from the 52 week highs made in Sept. While the investment community appears squarely focused on the …
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