Back in Late January when EBAY was just shy of where it is now, we made a defined risk Bullish bet that continued pressure from activist investor Carl Icahn would help propel the stock to …
Continue readingA little less than two weeks ago I made the argument and expressed the view (below) that Facebook shares could be vulnerable near term as: it appeared that many prior leaders and momentum stocks lost …
Continue readingDan highlighted the unusual options activity in EBAY starting late last year, with a hunch that an activist was getting involved in the stock. That turned out to be the case, with Icahn’s initial announcement …
Continue readingLNKD broke down from the $200 pivot level where the stock was trading when we initiated the put spread position on Friday. Since then, the stock has been very volatile, selling off all the way …
Continue readingBack on February 27th I wanted to take a bullish view on GE with the idea that the stock’s underperformance since reporting their Q4 would abate and the stock would play catch up with the …
Continue readingTo state the obvious, Social Media stocks have had a tough week, exhibiting very poor relative performance, as the S&P is still near another new high today. Investors’ reaction to Facebook’s $2 billion acquisition of …
Continue readingCredit spreads have not moved much for most of the past year. Credit defaults in the U.S. have been quite rare, and low rates has allowed corporates to roll their funding needs further and further …
Continue readingCBOE composite put/call ratio declined to 0.75, near its lows of the past month, as options traders turned more bullish yesterday. 1. SIRI – Stock has been weak since Liberty Media pulled its bid for the …
Continue readingDDD has rallied over the past 2 days after holding the above the early February low (at $54.63, marked in green below) on Friday and Monday: Our long Apr 60 call position initiated on Friday …
Continue readingFacebook has bounced so far today after an ugly breakdown to its 50 day moving average yesterday. We received a question on our thoughts for our April 65/60/55 put butterfly (post included below) that Dan …
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