Dan discussed Disney in a MorningWord post last week, highlighting the incredibly persistent uptrend in DIS, combined with the low level of implied volatility: One could have made the same case at any point since …
Continue readingOn CNBC’s Fast Money program last night, me and my friend Josh Brown (CEO of Ritholtz Asset Management) had a little debate on the merits of holding a prior market leader that has underperformed in …
Continue readingCommodity-related ETFs and stocks dominated options volume yesterday. Otherwise, options market volumes were quite low. 1. EWZ – The Brazilian ETF bounced back above the critical $46 support level yesterday, after briefly touching its lowest level since …
Continue readingThis morning I took readers on a walk down memory lane describing how people in the late 1990s got onto the world wide web, through portals with names like AOL.com, Excite.com, Lycos.com and Yahoo.com (read …
Continue readingImportant news has a way of being released at the exact moment when everyone is looking the other direction – such was the case with the Wall Street Journal story that PIMCO was being investigated …
Continue readingCBS bounced at a very important technical level yesterday, as I noted in this morning’s Notable Options post: 5. CBS – Buyer of 20k of the Mar 57.5 / 67.5 call spread for 2.47 to open. …
Continue readingI bought a put diagonal in GRMN last week, and the stock has promptly sold off, testing the crucial $50 support level this morning. To recap, here was the trade (see full post here): TRADE: …
Continue readingOne of the huge enablers of the internet induced tech bubble of the late 1990s was the promise of fabulous revenues from advertising dollars being diverted from traditional outlets to newfangled online properties like AOL.com, …
Continue readingThe VIX jumped to its highest level in a month. 30 day implied volatility in SPY jumped above 12 for the first time since early August: Puts were more active than calls as the CBOE …
Continue readingA few weeks ago we laid out (below) our bearish thesis on IBM. We have written a lot of late about the disturbing trend of large cap U.S. multi-nationals with little to no revenue growth …
Continue reading