The past few trading days were what I used to call “side-bet” days on the trading desk. That means that price action was so quiet in broader markets that traders everywhere were coming up with …
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Dan mentioned several times in October, both on the site and on CNBC, that the financial sector could be in for a rude awakening after the elections if the status quo remained in tact. Financials …
Continue reading2nd Trade Update July 19th, 2012 at 9:37am: With AXP down about 2.5% this morning at 56.90 I am closing the second half of the July 57.50/55 Put Spread at 1.45 for a triple. Action: …
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Trading fascinates me as much for the internal battle as the external battles. Most of the time, it’s fighting your own psychology and disciplining yourself. The market will always be there. It will always move …
Continue readingTrade Update July 18th, 2012: AXP reports Q2 earnings after the close and the options market is implying about a 3% move vs the 4 qtr average move of less than 1%. Oddly prior to …
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Another relatively quiet overnight session in all markets on low volume once again. Asian indices were mixed, with the Shanghai the weakest performer, down almost 2% to close near the lows of the year. European …
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New Trade July 10th, 2012 at 2:28pm: Enis and I had been looking for ways to press the luxury retail short without pressing some of the individual names. AXP trading at a market multiple, with only 5% …
Continue readingInternational luxury demand is in danger. We’ve touched on the theme of international weakness multiple times in the past 2 months. Dan has used IBM and NKE put spreads to play international demand weakness. More …
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I’ve had a few questions on MA, thought I’d at least preview it. MA report Q4 tomo before the close. One thing I will be very upfront about, is I generally stay away form stocks …
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