Event: BBRY will report their fiscal Q1 earnings tomorrow morning prior to the open. The options market is implying about a 12% move post earnings (the June weekly at the money straddle is offered at …
Continue readingTrade Update June 27th, 2013 at 9:41am: With the SPX up ~80 bps since my bearish trade yesterday morning, I am adding to the position now, doubling up as I think we are right in …
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MorningWord 6/27/13: MSFT is holding their developers conference this week with much of the focus on Windows enabled devices, the convergence of devices, services to be used on devices and their roll-out of Windows 8.1. …
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There were slight rumblings yesterday from the ECB that it might be looking to pick up the easing baton from the Fed and the BoJ. The Euro broke through the 50, 100, and 200 day …
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Few themes and light volumes today. VIX – Buyer of 108k of the Aug 28 / 37 Call Spread for 0.60. While VIX spot is lower, VIX Futures have held up better, discussed here today. GLD …
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Over the last 4 Wednesdays, here was the closing level of the SPX index vs. the current level: 06/05/13: 1608.90 06/12/13: 1612.52 06/19/13: 1628.93 06/26/13: 1606 Incredibly, as much as it feels like the market …
Continue readingI am going to take off my long T Jul 36 call here on today’s bounce, as it’s at risk of decaying quite quickly, and is a low probability trade at this point. I initially …
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We have been on the record since late last week that we think the upward momentum to the equity rally has broken and that as traders, we would be sellers of rallies. Over the last …
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MorningWord 6/26/13: Well there you have it people, Gold is going lower. And just when you thought there were no sellers left. I often get asked my opinion on Gold and in a very unsophisticated …
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Eddy Elfenbein at the Crossing Wall Street blog had a great quote on Twitter yesterday: Most investors want to do today what they should have done yesterday. – Larry Summers Whatever your quibbles with Larry …
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