Risk-off reared its head after Sec. Kerry’s speech yesterday afternoon about a potential intervention in Syria. This morning, we’re seeing classic risk-off, with both EUR/USD and USD/JPY lower, and Treasuries higher, something we haven’t seen …
Continue reading
On a very low volume day until the last hour of trading, a few trades stood out. XLF – Seller of around 70k of the Sept 30 puts to close at 0.32 and 0.31 in the …
Continue reading
Facebook has been on a tear in the past week, eclipsing the $40 level in one fell swoop on Friday, and continuing higher again today. We want to discuss the calendar (now diagonal) trade in …
Continue reading
Microsoft’s reaction to Steve Ballmer’s departure on Friday is a funny commentary on the market’s perception of Ballmer’s value to the company. But a renewed optimism towards MSFT shares, with hopes of a Marissa Mayer …
Continue readingThe DJIA has been a major laggard relative to the other U.S. equity indices in the past month, and one big reason has been the weak performance of IBM. Given that the Dow Jones 30 …
Continue reading
Emerging markets have encountered severe turbulence in the past 3 months. Central bankers are at the center of the rocky ride, with U.S. tapering concerns serving as the trigger, and the emerging market central banks …
Continue reading
MorningWord 8/26/13: The primary goal of RiskReversal.com is to help educate readers as to the alternative ways to express (or augment) views in the equity markets using options, usually with a strong emphasis on capital …
Continue reading
Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Aug 19th through Aug 23rd:
Continue reading
Pressing our luck on the 38 line cost us a little money today as the FB ripped higher on an upgrade note from JPM. Bad timing on the weekly expiration. We’re going to stay in …
Continue reading
The SPX index is up about 0.3% this week, after last week’s 2% loss, and VIX futures are broadly lower as a result. Here is last week’s snapshot: Compare that to today’s snapshot: Each futures …
Continue reading