On November 23rd Pfizer (PFE) officially announced their rumored takeover/ inversion of Ireland based Allergan (AGN). Both stocks sold of the day of the announcement and we felt the initial move was likely wrong and …
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The largest options trade of the day so far was a block of 84,000 Zoetis (ZTS) Jan2017 $35 strike puts sold to open at $1.25 when the stock was $46.72. Very simply, the put seller …
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Facebook (FB) is up 5%+ today on a favorable reaction to their Q3 earnings and forward guidance. Yesterday we detailed a bullish stock alternative/replacement trade into the event. The trade defined risk to the downside …
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Tesla (TSLA) reported q3 earnings last night that missed estimates but indicated orders will be higher next quarter. The stock is up over 10% this morning. Yesterday we detailed some event trades and I wanted …
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Prior to Amgen’s (AMGN) Q3 earnings last week we detailed a stock alternative trade idea for existing longs or for those considering a new long in an effort to mitigate risk into a potentially volatile event. AMGN’s …
Continue readingNike (NKE) is one of the much loved but crowded consumer discretionary stocks like HD & SBUX. NKE saw its shares crash by about 20% from its recent all time highs on August 24th, before recovering in …
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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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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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On this past Friday’s Options Action on CNBC, our friend Mike Khouw, President, and Chief Strategist of Optimize Advisors and Dan had a quick discussion on the launch of options trading on shares of Shake Shack (SHAK) that …
Continue readingHere is some generally directional options activity that caught my eye during Monday’s trading: 1. EBAY – made a new all time today, on investor excitement about the impending tax free spin off of PayPal. There was a …
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