After my one-day nod to the mania surrounding the Facebook IPO with yesterday’s chart, I feel compelled to return to more serious matters today. The market is in the throes of one of its most …
Continue readingTrade Update May 17th, 2012 at 10:00 AM: This trade did not go as planned, and when a trade does not go as planned, you take your loss and move on. I thought the gold …
Continue readingSo I heard there was a Facebook IPO this Friday. That’s the advantage of being a professional trader. You get the information first. Kidding aside, LinkedIn is probably the most closely related public company to …
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These types of headlines are going to dominate the rest of the trading day, so we wanted to get our quick thoughts posted. The European Central Bank has stopped monetary policy operations with some Greek …
Continue readingWith the market battling for support over the last few days, I decided this morning to take a look at the market’s leader, its renaissance king, the ever-controversial AAPL. Given AAPL’s persistent strength this year, …
Continue readingTrade Update, May 15th at 11:00 am: After purchasing the June 82.5 puts in OXY on May 10th (laid out below), I want to lock in my gains today based on the very rapid selloff …
Continue readingMy first job on a trading desk was as an intern in the currency trading group (foreign exchange in industry parlance). Before the terminology of “risk-on” or “risk-off” was common knowledge, the currency traders taught …
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First off, a disclaimer. I know about as much about the fundamental story of Groupon as the average Joe on the street who does not follow stocks. I have not followed this stock closely since …
Continue readingA couple days ago, I had promised to post a chart with “enormous long-term relevance.” Given all of the rumors of a potential Euro break-up swirling in the media this weekend (including Paul Krugman’s controversial …
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The headlines over the last 12 hours have been rightly focused on the debacle with JPM and its large writedowns. I spent 4 years of my professional career focused solely on trading options on financial …
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