Trade Update April 3rd, 2013: Talk about getting the direction right, but the option trade just a little right. CAT is down 6.25% since initiated the Put Calendar in early March, but the spread, which prior to …
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Trade Update April 1st, 2013 11am: AAPL had a heck of a month in March after making new 52 week lows and seeing its peak to trough sell off from Sept hit roughly 40%, the …
Continue readingHere is a summary of what I will be discussing tonight on Options Action on CNBC at 5pm: AAPL is up 2% today as I write and it is most likely the result of speculation of what …
Continue readingWatson is king once more. After meeting with resistance in the $210-$212 area multiple times in the past year, IBM’s stock convincingly broke that level this morning to make a new all-time high. IBM has …
Continue readingEBAY closed down 3.7% today (was down almost 4.5% at one point), and now down about 9% from the 8 year highs made on March 5th and quickly approaching its 200 day moving average which it has …
Continue readingAs we have said on a few occasions in the last couple weeks, we are doing our best to fight urges, the technical and momentum set up is strong and equity markets for the most …
Continue readingWhen I tell you that we are doing our best to fight some urges here, I really mean it. The price action this week was fairly irrational in our opinion, from the nearly down 2% …
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