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Intel (INTC) reports their Q1 results after the close. The options market is implying about a 4.5% one day move, with the stock around $31.60, the April 17th weekly 31.50 straddle is offered at $1.40, if …
Continue readingHere is some generally directional, untied options activity that caught my eye during Thursdays trading: 1. UUP – the US dollar seeing some pretty healthy gains vs the Euro this week, up about 3.5% since Good Friday, with the …
Continue readingLast night on CNBC’s Fast Money we played a March Madness themed game of “would you rather” in the semiconductor space between Intel (INTC) and Nvidia (NVDA), watch here: My choice was NVDA, primarily the result …
Continue readingOn Friday afternoon, The Wall Street Journal reported that Intel (INTC) was in talks to buy Altera (ALTR), and both stocks ripped, with ALTR closing up 28%, and INTC at one point trading up 10%, before …
Continue readingHere is some generally directional, untied options activity that caught my eye during Friday’s trading: 1. ALTR – At 3:32pm on Friday afternoon, The Wall Street Journal reported that Intel (INTC) was in talks to …
Continue readingIn early December we looked to fade ALTR’s recent strength with a put fly that was essentially shorting the stock but with only 90c of risk. The stock is slightly lower now but has been …
Continue readingWe’re not doing a ton of trading in this Holiday shortened week as we expect some slow drifts sideways or higher over the next 2 weeks and our preferred structure has been some put calendars. …
Continue readingTwo weeks ago we initiated a short biased trade in ALTR looking for the stock to consolidate after a pretty significant move higher from Oct lows. We chose an in the money butterfly as we …
Continue readingA month ago, I put on a bearish trade in Google (read here), as it appeared the company’s mixed fundamental results in Q3, coupled with the stock’s inability to keep pace with the broad market, …
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