Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. WMT – made a new intra-day 52 week low and is quickly approaching massive long term support at $70. When the …
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A couple weeks back we entered a trade in Caterpillar (CAT) with the idea that we could fade a recent bounce to resistance while financing a bearish earnings trade in August expiration. Here was the trade from …
Continue readingA few weeks ago we detailed a yield enhancement strategy for those long Apple (AAPL) stock as we saw the chances of large movement in either direction during the July expiration cycle to be minimal. Here …
Continue readingYesterday we highlighted the major difference between weekly implied vol and June regular vol in HPQ and offered up two calendar trades. To recap, here were the trades and the rationale:
Continue readingSalesforce (CRM) reported a strong Q1 after the bell last night. The stock is up about 4% as I write and I wanted to check in on the short premium trade we put on yesterday. …
Continue readingWe got a great subscriber question on trade management the other day that I wanted to turn into an educational post for all to see. Here is the question. When holding a fly into expiration, …
Continue readingWe have two mildly bullish range trades on in GOOGL right now. I wanted to check in on these as they’re interesting from a decay perspective. One was an in the money butterfly the other …
Continue readingA few weeks ago when AT&T was hovering above the 52 week low we bought shares along with an options overlay to add potential yield and leverage. Here was the initial trade and the rationale from …
Continue readingGoogle (GOOGL) reports Q1 results tomorrow after the close, the options market is implying about a 4% one day move vs the 4 qtr avg of about 3.8%.
Continue readingShares of Microsoft are up 3.5% today, its largest one day gain of the year, bringing its losses for the year to about 7%. There does not appear to be any news in the stock …
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