Despite the recent bout of volatility across almost every major risk asset in the world, it has been my view that U.S. equities were likely to close at or near the highs for the year, …
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A month ago we initiated a long delta structure in GM after it had bounced off lows and was at its 50 day moving average. Since putting on the trade GM got hit with the …
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Well, this is a mistake we make only occasionally but it hurts pretty bad when we do. That is, getting the story right in a stock yet picking the wrong structure to play it. It …
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The first words I wrote this week was this from Monday morning: I concluded: But for now, trading into and out of the Fed, I suspect we find our footing prior to the rate announcement …
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Here is some untied, generally directional options activity that caught my eye during Thursday’s trading: 1. BABA – when the stock was 110.10, a trader paid 3.83 for 20,000 of the March 120/140 call spread to open vs …
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Yesterday, I laid out the bearish case for Deere (below), concluding: Because vol is pumped, timing on an out-of-the-money put spread like that is crucial and that’s why we’re not doing a trade right now. …
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On Tuesday prior to the Fed meeting a placed a very short term bearish trade on the TLT with the thought that the commentary would calm some of the current fears in the market, and …
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Last night Oracle (ORCL) reported fiscal Q2 results that were broadly better than expected, with forward guidance that was encouraging and much bullish commentary on the call. The stock is up 8.5%, making new 52 …
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As a company, Target has had a tough year dealing with the aftermath of the largest corporate data breach in history. They suffered millions in related costs and lost sales causing the company to halt their share …
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Two weeks ago we took long exposure in GE looking to play a Dow laggard into what we felt were two potential positive catalysts (analyst day this week and Q4 earnings in Feb). We bought …
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