I have been eyeing Visa ever since I exited my put fly for a nice gain a couple weeks ago. In the preview before earnings, I wrote the following about the technical and fundamental setup …
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MorningWord 2/27/13: Its a sad state of affairs for AAPL bulls when they have to look to a Shareholder Meeting as the next and only real near term catalyst for the stock. AAPL’s $137 billion …
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The rally in the past 3 months has been particularly surprising since the former bull market leader, technology, has been a serious laggard. I’ve taken that as a long-term warning sign for the health of …
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The VIX retreated quite a bit by the close, down 2 points to around 17 as the market rallied. Meanwhile, calls dominated single stock volumes. AAPL – The stock had an oversold bounce on strong volume …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm EST on CNBC: Macy’s reported better than expected earnings, and increased guidance, sending the stock up more than …
Continue readingTrade Update Feb 26th, 2013 at 1:45pm: COST has remained amazingly resilient since Feb 15th when I bought March 100 puts. During that time period, the SPX is down about 2.2%, while COST down about …
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With BBRY below 13 it’s a good point to revisit our calendar trade and see where it stands and what we’re looking at going forward. Here is the trade from Feb 14th, when the stock …
Continue readingCitigroup has declined sharply in the past 2 days as the European contagion risk has resurfaced. With my trade at a double here, I’m going to take off half and leave the other half on. …
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MorningWord 2/26/13: Lets just call it the “Italian Job”. Yesterday’s much anticipated sell off, came from where most least expected it. Conventional investment wisdom has been that Europe was “fixed” and posed little systemic risk to investment portfolios on …
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This week’s move in the VIX is certainly historic. As Bill Luby wrote at his VIX and More blog yesterday, it was the 11th largest one day VIX spike in the history of the VIX …
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