Volatility ETFs like VXX and XIV are quite popular. But I often wonder whether the people trading them truly understand what they are buying and selling. I’m going to try to explain exactly what’s going …
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Unlike most stocks with significant Chinese exposure, NKE has held up remarkably well in this but of volatility. NKE saw significant selling on Monday morning but is back to 105, almost directly between the stocks …
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Bulls and Bears, Bears and Bulls. I’ve always thought labeling people Bulls or Bears was misleading. It fails to capture any nuance or what inputs they’re considering in their investment process as well as failing …
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Yesterday we closed a GOOGL put fly for a small profit. We had placed the trade when the stock was at 700 with the though that a consolidation or slight pull back would mean the …
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Starbucks is a poster child of the amazing returns that have been possible for those investors who have held throughout the bull market of the past 6 years. SBUX has gone up more than tenfold …
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In 2012, I had a very bad trade in Apple (AAPL). On a few occasions I tried to short the stock for a whole host of reasons that ultimately could be explained as an unusual sentiment …
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After GOOGL’s insane pop higher on earnings it seemed to be having a little trouble staying above the 700 level. It was after all, up 150 dollars or so in the last month and change. …
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Sprint has long been the red-headed step child of the telecom industry in the U.S. The company has been ridiculed and ignored as a bit player among the major cell phone service providers. In fact, …
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I’m in a forward timezone to New York. But when I sat down this morning to offer up a few thoughts on the global equity rout (while you were hopefully still sleeping despite knowing what futures were …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was Aug 17h – Aug 21st: It has been our view for months that the fairly extraordinary volatility in global …
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