Overall market volumes were quite subdued to start the holiday week. Tech stocks saw the most options volumes as the Nasdaq was a leader. 1. IBM – Dan discussed the back and forth action in IBM …
Continue reading
At one point this morning IBM shares were up almost 2% on unconfirmed rumors that activist investor Carl Icahn was going to take a stake in the beleagured tech giant: Shortly after the open, and …
Continue reading
On October 31st GILD shares were trading at new all time highs, gaining 57% on the year, or about $80 billion in market cap. Since those highs the stock has sold off almost 15%, and …
Continue reading
Event: PANW reports its fiscal Q1 earnings today after the close. The options market is implying about a 7% one day move, which is in line with the 4 quarter average of 7% and below …
Continue reading
Bond investor Jeff Gundlach (founder of Doubline Capital) has had a few choice words on some fairly high profile stocks over the last few years. He has been back and forth on Apple (AAPL), calling …
Continue reading
Since it’s Thanksgiving on Thursday, the calendar in the U.S. is especially light. In terms of economic data, the third quarter revised GDP data is out on Tuesday morning, and Durable Goods, Personal Income, and …
Continue reading
The CBOE composite put/call ratio closed on Friday at 0.74, its lowest level since August 21st. Single stock options activity was focused on the tech sector. 1. EMC – The stock broke out above $30 last …
Continue reading
Here is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was Nov 17th – Nov 21st:
Continue reading
On a few occasions of late I have described my aversion to stepping in front of what appeared to be an impending breakout in retail stocks heading into the holiday season (reprinted below). But with the …
Continue reading
JNJ has been a steady large cap leader in the past 2 years. Since the stock’s breakout to a new all-time high in early 2013, JNJ has remained above its rising 50 week moving average save …
Continue reading