The market opened higher on Italian election results until it turned out Berlusconi still had a chance. The S&P 500 hovered around 1500 until it broke it and broke hard. 1) SPY – taking up …
Continue readingAmgen broke out to an all-time high today, which is quite a feat for a $70 billion market cap biotechnology company that has had numerous strong rallies over the past 20 years. Amgen is one …
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Event: PCLN report their Q4 earnings tomorrow night after the close. The options market is implying about a 7.2%* move vs the 4 qtr average of ~9.5% and the 8 qtr avg of ~8.4%. (*with …
Continue readingI have been disappointed by the bounce in AAPL in the last 2 days. The market is up almost 2% from its Thursday lows, close to its highs of the year, and AAPL could only …
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MorningWord 2/25/13: Over my fifteen year career trading equities I have compiled a so called “process” for identifying potential trades, both long and short. This process uses many inputs and it usually begins with a “something” …
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SPX futures are up 0.5% this morning as Europe has a strong session, likely in anticipation of a favorable result from the Italian elections later today. With SPX futures retesting last week’s highs, I wanted …
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Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Feb 19th thru Feb 22nd:
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The market just needed an up day to bring back the heavily skewed call volumes. LVS – Over three times average option volume. There was a buyer of 17,400 May 52.5 calls. Also a buyer …
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Here is a preview of what I will discussing tonight on Options Action on CNBC at 5PM: Based on the housing market headlines I’ve seen in the past year, you’d think housing prices were increasing …
Continue readingOne of the longstanding arguments for owning AAPL shares has been the stock’s excess cash on the balance sheet. Hedge fund manager David Einhorn has been rattling the executive office to get them to pay …
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