Here is a quick recap of trades that we initiated, closed, or debated in the week that was June 22nd to June 26th:
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Back in late April I initiated a bearish position (read here) in Intel (INTC) shortly after their weak Q1 results and Q2 guidance, along with similar from Texas Instruments (TXN) and Qualcomm (QCOM), here was …
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The nearly 19% drop today in shares of Micron (MU) is staggering. Especially for a stock that came into the trading session down 30% from its 52 week highs, and is now down 45% on the …
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If you are looking at the recent new all time highs in Disney (DIS), Facebook (FB), Nike (NKE), Starbucks (SBUX) and of course Apple’s (AAPL) 15.5% year to date gains to glean the health of …
Continue readingHere is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. MU – in front of today’s fiscal Q3 earnings options volume was more than 2x average daily volume with …
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Nearly a month ago I put on a bearish trade in the SPY for a whole host of reasons (read below), and targeted the end of this month. To refresh, from May 29th: TRADE: SPY …
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Event: Micron (MU) reports their fiscal Q3 results tonight after the close. The options market is implying a 6.25% one day move. With the stock at $24 the June 26th (tomorrow expiration) 24 straddle (the …
Continue readingEvent: Nike (NKE) reports their fiscal Q4 results tonight after the close. The options market is implying about a 3.5% one day move which is shy of the 4 qtr avg of about 4.5% (its …
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The data dependent Federal Reserve sees green-shoots in the U.S. economy. As they should after trillions of dollars of monetary and fiscal stimulus since the financial crisis. Employment data is nearing their targets for a …
Continue readingHere is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. BAC – The largest single stock options trade of the day was in BAC,. When the stock was 17.60 a trader …
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