My focus in the last week has been internally debating what to do with my many long June options. I have expressed a variety of views through June premium (the largest position in my personal …
Continue readingHere is a quick preview of what I will be discussing on Options Action tonight on CNBC at 5pm et: Dan and I have been following the CHK story closely for more than a month …
Continue readingFor years now, I’ve heard the debate continue about whether low bond yields are good for the stock market (since stocks’ dividend yields become a more attractive alternative) or in fact bad for the stock …
Continue reading
While I read endless reports about the next remarks from insert European politician here, few people are mentioning the steady drip of reports of Chinese weakness. China is the 2nd largest economy in the world, …
Continue readingYesterday’s intraday reversal higher was a very high probability event, far before any news headlines about Europe hit the tape. It was the rare event where almost all of my intraday signals line up to …
Continue readingWhat does it mean when global central banks are losing in the battle of their currencies? Currency markets globally are showing incredible price action over the last week. Price action that defies the moves of …
Continue reading
I mentioned in the CotD from last Friday that I thought TLT implied volatility looked too low. My first instinct was to buy straddles if implied volatility declined, but I’ve modified that idea a bit after …
Continue readingAAPL was the second-best performer in the SPX top 100 stocks yesterday, ending higher by 5.83% (NOV was up 5.91%). Even though AAPL has had an incredible 3 year run, yesterday was only the 11th …
Continue readingTrade Update May 21st, 2012 12:45 pm: Following up on the GRPN trade structure we pitched last Monday before earnings, we want to provide an update on what has since occurred and what our strategy …
Continue readingThough I was initially much less interested in the Facebook IPO than the traditional media focus on the subject, Friday’s price action in Facebook quickly got my attention. It reminded me of a trading maxim …
Continue reading