Yesterday we looked to fade the European stock rally into what markets (and we) assumed would be a Remain vote in the UK with the use of a calendar put spread in the EuroStoxx 50 …
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A little less than a month ago when the TLT. the iShares 20 year U.S. Treasury bond etf was trading $130, I expressed a bullish view on bonds, bearish view on yields in the etf …
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In early April we looked at various components in the housing market and placed a defined risk bearish trade in the Homebuilder etf XHB. Since then the sector is down but has not experienced the …
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On more than one occasion over the last few days since Microsoft’s (MSFT) announcement that they are buying LinkedIn (LNKD) for $26 billion, Dan has offered some skeptical thoughts on the reasoning for such an acquisition (read here). …
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On June 3rd we detailed a bearish view on U.S. banks stocks. It was largely predicated on the current rate environment, where we think rates are going globally. We also saw the horrific performance of …
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Just a few weeks ago, when odds of a June or July rate hike spiked on FOMC minutes that indicated a willingness for a Summer rate hike, we made the argument that it was more …
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In late 2015 we initiated a long term long position in Pfizer (PFE) with the idea that we could own something that was unfairly punished on the merger announcement with Ireland based Allergan. We wanted …
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As we mentioned in the update to the FXI calendar, our intentions on calendar trades is often simply to buy time. Ideally we see the stock we’re targeting drift around, and maybe slowly approach our …
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While the boarder market seemed determined to march in a straight line back towards the highs over the past few months, we made sure that many of a short biased trades could withstand a few …
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Event: Intel (INTC) reports Q1 earnings tonight after the close. The options market is implying about a 4% one day post earnings move tomorrow, which is inline with the 4 qtr avg one day move, and …
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