Two big prints that were both protective in nature. VIX – buyer of the Apr 20/25 call spread 150,000 times paying 0.70 to open. Quite a big bet, as that involved paying out $10.5 million …
Continue readingEnergy (as measured by XLE) is the best performing major sector in the U.S. market this year, up more than 8% vs. the 5.2% advance for the S&P 500. It had been a forgotten pocket …
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Yesterday afternoon prior to FB’s Q4 results, I bought a Feb weekly / March regular Call Calendar (below). My thought was FB’s results would be decent enough to keep the stock from giving back a …
Continue readingI initiated a range trade on STZ on January 8th ahead of its earnings report. I ended up with much more than I bargained for when I got into this position. Check out the 17 …
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Implied volatility has stabilized in the last week after the previous week’s massacre. In fact, the volatility levels across asset classes are quite similar to last week, just a tad higher overall. The Nikkei and …
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I laid out my directional thoughts on QCOM in the Name That Trade post yesterday. Following QCOM’s earnings results last night, Dan had this to say in the Morning Word: Last night QCOM reported results …
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MorningWord 1/31/13: I think it would be a fair assessment that Q4 Technology earnings have been a bit of a mixed bag with more than 50% of the S&P 500 having already reported. Pre-announcements prior to Jan …
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“Record levels of cash on corporate balance sheets.” “The cash is just waiting for confidence to pick, and you’ll see it flood into the economy.” “Why are corporations sitting on all this cash?” I’ve heard …
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TLT and FB dominated option volumes today. FB – Most active lines were the Feb 31 puts, the weekly 34 calls, and the Feb 32 calls, all trading more than 26k. Call to put ratio was …
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QCOM reports Q4 earnings after the close. Dan laid out the bullish thesis on QCOM back in December, when he bought a call calendar, and then an outright call spread. In the original post, here …
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