Event: RHT reports its fiscal Q4 earnings after the close today. The options are pricing in about a 8% move (based on our own implied move calculator), relative to 8.5% avg. move over the past 4 …
Continue readingTrade Update March 27th, 2013, 2:20 pm: SODA has been very quiet in the past 3 weeks since I put on the range trade, almost too quiet. This has been a volatile stock in the …
Continue readingWhile GOOG has blasted to new all-time highs, the Chinese search engine, BIDU, has been an absolutely atrocious performer. Here’s the 5 year chart: BIDU had a fantastic run off the bear market lows, …
Continue readingMorningWord 3/27/13: The breadth of the rally has been declining all year as measured by the NYSE New Highs, charted below (a series of lower highs and lower lows): [hr] MorningWord 3/26/13: Back in …
Continue readingPossibly my favorite trading book that I’ve ever read is this gem by G.C. Selden, first published in 1912. Selden was a trader on Wall Street who studied behavior and psychology to a greater extent …
Continue readingCBOE Put to Call Ratio near the lows of the year as call buying dominated volume. NFLX – Stock up 5.5% on upbeat analyst commentary. Call to put ratio was at 1.4, high for the name …
Continue readingTrade Update March 26th, 2013, 1:46 pm: CMI is down about 6% in the past 2 weeks, since I initiated the put fly due to commodity and Chinese weakness. That’s an especially big move considering …
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: Ashley Lutz at Business Insider had an article yesterday discussing the yoga pants wars between …
Continue readingWe laid out some thoughts on YHOO in the Morning Word this morning. To reiterate:
Continue readingMorningWord 3/26/13: Back in late September when YHOO was trading ~$16, and prior to its 45% rally to almost 5 year highs, we thought the stock was cheap on a sum of the parts basis, …
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