In Case You Missed It, the S&P 500 (SPX) made new all time highs yesterday. Per Bloomberg, 275 stocks in the SPX advanced, while 222 declined, while only 4% are at new 52 week highs, …
Continue reading
Earlier, Dan previewed the HPQ earnings that come after the close today. Looking at potential trades the thing that immediately sticks out is the vast difference in implied vol between the weekly options and the …
Continue reading
Salesforce (CRM) reported a strong Q1 after the bell last night. The stock is up about 4% as I write and I wanted to check in on the short premium trade we put on yesterday. …
Continue reading
Shares of Chinese online video platform Youku Todou (YOKU), think combo of YouTube and Hulu, who Alibaba (BABA) has a 25% stake in are surging 13% today on better than expected earnings and forward guidance. The stock …
Continue reading
Event: Hewlett Packard (HPQ) reports their fiscal Q2 results tonight after the close. The options market is implying about a 5% one day move which is shy of the 4 qtr average move of about …
Continue reading
Last night on CNBC’s Fast Money my co-panelist Tim Seymour and I had a discussion on the merits of owning McDonald’s (MCD) at these levels (which he does). Tim feels the stock is defensive, I suspect …
Continue reading
Event: Best Buy (BBY) reports their fiscal Q1 results tomorrow before the open. The options market is implying about a 6.5% one day move vs the 4 qtr avg of about 5%.
Continue reading
We got a great subscriber question on trade management the other day that I wanted to turn into an educational post for all to see. Here is the question. When holding a fly into expiration, …
Continue reading
Event: Salesforce.com (CRM) reports Q1 results tonight after the close. The options market is implying about a 6.2% or $4.30 one day move vs the 4 qtr avg of about 7%. Price Action / Technicals: …
Continue reading
After posting better than expected earnings and raising full year guidance yesterday, shares of The Home Depot (HD), closed down 1.74%, reversing early gains of 2%: This was my take heading into the print from my …
Continue reading