CAT and CMI are stocks with similar profiles. Both companies are both closely tied to the global industrial cycle. Both companies get more than 60% of their revenues from abroad. Both companies have seen their …
Continue readingWe don’t have this trade on anymore because we were doubled up with trades in the name (read history below) and closed it for a small profit, but our plan was to paper trade out …
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MorningWord 12/21/12: Last night saw a bit more action than most would have expected for the second to last Thursday of 2012. Earnings from the likes of NKE and RIMM have those stocks moving, and …
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When Speaker Boehner announced yesterday evening, around 8:00 pm EST, that there would be no vote on “Plan B” for the fiscal cliff, SPX futures took a quick nose-dive. Here is the one-week chart: …
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A lot of takeover-related trading today: NYX – ICE announced a $33 per share bid for NYX in cash and stock this morning. NYX closed up 34%, at $32.25. The Jan13 24 calls were the …
Continue readingTrade Update Dec 20th, 2012: With RIMM up 16% in the 2 weeks since I initiated the Dec weekly 11.50 / Dec regular 12 Put Calendar*, my trade has lost two thirds of its value. The …
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So this one has been a battle to say the least. I’m long the NKE Dec 95/92.5 put spread at a cost of 42c going into the earnings announcement and with only 1 day until …
Continue readingHerbalife has dominated the headlines in the past 24 hours after Bill Ackman disclosed that he was short HLF, and that it was one of the best short opportunities he had seen in years (he …
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Event: NKE reports fiscal Q2 earnings today after the close. The options market is implying about a 4.25% move, which is right in line with the 4 quarter avg of 4.25%, and slightly below the 8 …
Continue readingTrade Update Dec 20th, 2012 at 10:04am: With JOY straddling the 62.5 strike, and one day until expiration, the calendar is worth more than a double from what I paid last week prior to its …
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