After a decent trade repair by rolling up my strikes a couple weeks ago (read below), and then taking profits on the position after Friday’s down opening, I am now going to roll this bearish …
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Here is a quick summary of what I will be discussing tonight on Options Action on CNBC at 5:30pm: FB’s Home announcement yesterday got me thinking a little bit about how Zuck plans to play …
Continue reading2nd Trade Update April 5th, 2013 10:28am: A couple weeks back I rolled up my long strike in my April 27/25 Put Spread by selling the 27 put at a loss and buying the April …
Continue readingThis trade went from becoming close to worthless after earnings to becoming a winner as CRM sold off almost 20 dollars in the past week. It could turn out to be a very nice winner …
Continue readingTrade Update April 2nd, 2013 12:47 pm: BBY has had a quick pullback in the past week, though in the context of its strong up move, the 7% move lower is not that significant. However, …
Continue readingTrade Update March 27th, 2013, 2:20 pm: SODA has been very quiet in the past 3 weeks since I put on the range trade, almost too quiet. This has been a volatile stock in the …
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We laid out some thoughts on YHOO in the Morning Word this morning. To reiterate:
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For any who believe in the efficient market theory, Best Buy is a nice test case to illustrate inefficient markets. The stock has gone from $11.23 on Dec. 28th, 2012 to trading $23.46 this morning, …
Continue readingTrade Update March 22nd, 2013, 2:50 pm: XHB has failed to breakdown in the past month as the market has held up. But just this week, LEN reported strong earnings that got everyone excited about …
Continue readingTrade Update March 18th, 2013 at 11:30am: Since initiating the April / June Put Calendar (detailed below) on March 8th, TOL hsas fallen about 4%, and the spread is basically unchanged. While this may sound like a …
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