Much lighter stock and options volumes today vs. the past week. XLF – Large seller of the July 19 puts early in the day, likely to close (largest print at $0.34). Another trader later bought 25k …
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So we’ve received a lot of questions about AAPL stock in the past week, as it’s come back down to the $400 level. First, my technical thoughts. Here’s the daily chart since August 2012: I’ve …
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Event: BBBY reports their fiscal Q1 earnings Wednesday after the close. The options market is implying about a 5.8% move following the results which is a bit shy to the avg over the last 4 …
Continue readingHere is a 5 year weekly chart of FXI: The technical case is getting weaker by the day, though if FXI is due for a bounce, it’s around the 30 level I’ve highlighted in red. …
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Trade Update June 25th, 2013: The original thesis on LULU was that the 65-75 range was an appealing area to play for, mainly based on the attractive risk/reward on the July 65/70/75 butterfly (risk 1.10 …
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MorningWord 6/25/13: Investors / traders often convince themselves that when risk assets trade near nice round numbers (to the upside or downside) the underlying has reached an inflection point. AAPL is a perfect example where …
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China is starting to dominate overnight price action. Similar to how in 2010, ’11, and ’12, every comment from ECB and EU officials would cause a cheer or a jeer from international investors, the PBOC …
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CBOE put/call ratio was down to 1.01, on the low end for June so far. Options volume still dominated by macro trades. FXI – Buyer of more than 100k of the August 37 calls for 0.08 …
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Trade Update June 24th, 2013: CMI is now down about 10% from my entry last month, catching up to the international market weakness in the past few days. The stock is breaking the 200 day …
Continue readingTrade Update June 24th, 2013 at 12:24pm: With BA down 6% in a week since placing this near term bearish bet, I am going to take my profits and move on as the stock could …
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