Retail stocks, badly beaten up last year are showing fairly decent relative strength so far in 2016, with the XRT, the S&P Retail etf down only 2.5% vs the S&P 500 (SPX) down 5.5% on …
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Event: SalesForce.com (CRM) reports Q4 results tonight after the close. The options market is implying about a 9% one day move, which is rich to its 4 qtr average one day move of about 5.5% …
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You may have noticed a trend in some of our trading lately, buying outright puts near what we feel are inflection points adter market bounces/rallies and not spreading them right away, but rather waiting to …
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Dan gave his latest thoughts on JPM this morning. We have an existing short delta trade that we’ll now update and reduce some premium risk. The original trade idea was a put calendar when the …
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Last night, on CNBC’s Fast Money program we discussed the JP Morgan’s (JPM) investor day that had the stock down 4% yesterday. JPM CEO Jamie Dimon portrayed a calming tone, despite acknowledging headwinds to his business, having …
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Shares of Disney got whiggidy whacked the day after their fiscal Q1 earnings on Feb 9th, closing down nearly 4% at a new 52 week low. Investors remain more concerned with subscriber losses at ESPN than relieved …
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The Nasdaq 100 (QQQ) had been a pretty boring trading vehicle for a while, as some of its large components had been in a fairly complacent upward trajectory for what felt like years. But then …
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In early February we expressed a bearish view in shares of The Home Depot (HD) and closed for a profit after a drop in the stock (read here). Following this morning’s very strong earnings results …
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Everybody I read and listened to called it. The S&P 500 (SPX) was going to test the August 24th lows, then test the October 2014 lows then bounce back to 1950. If you came into …
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U.S. stocks opened up more than 1% and have traded in a fairly tight range for most of the session, in a 7 point range: After being down a little more than 6% on the month …
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