Here is a quick recap of trades that we initiated, closed, or debated in the week that was May 26th to May 29th:
Continue reading
While the weakness in the Transports has caught a lot of attention of late, the relentless selling in some Industrial stocks may be more important for the direction of the broad market in the near future. …
Continue reading
Earlier today (below) I discussed some recent consolidation chatter in the auto industry. While it could seem a bit “pie in the sky” or “top of the market” the potential reasons make sense as it …
Continue reading
I’m going to keep this simple. Long premium directional plays in large cap U.S. index etf have been a tough way to make money in this range-bound market. Timing has been crucial for owning options …
Continue reading
Last night on CNBC’s Fast Money we discussed media reports that General Motors (GM) had rebuffed a recent overture by Fiat Chrysler’s CEO to merge, watch here: The idea may sound insane after what has been one …
Continue reading
Last night on CNBC’s Fast Money we discussed semiconductor stocks and the potential for continued M&A activity, watch here: While I am generally skeptical of chasing “other” takeover candidates after announced deals, Marvell Technology (MRVL) …
Continue reading
Event: Infrastructure Software maker Splunk (SPLK) reports their fiscal Q1 results tonight after the close. The options market is implying about an 8% one day move, which is shy of the 4 qtr avg of …
Continue reading
A few weeks ago I placed a bullish trade in GOOGL that financed the purchase of July calls by selling May29th weekly calls. To refresh, from May 8th: Trade: GOOGL ($550) Buy May 29th weekly / …
Continue reading
This morning it is being confirmed that Singaporean based Avago Technologies (AVGO) has reached an agreement to pay $37 billion ($17 billion in cash and the balance in stock) for Broadcom (BRCM). The stock broke out …
Continue reading
Event: Tomorrow before the open Abercrombie & Fitch (ANF) will report their Q1 results. The options market is implying about a 10% one day move, which is a bit rich to the 4 qtr avg …
Continue reading