On Friday, Q4 earnings releases from three large moneycenter banks, Bank of America (BAC), JP Morgan (JPM) and Wells Fargo (WFC) officially ushered in earnings season, one that will be of particular interest to investors …
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Bank of America (BAC) reports Q4 results tomorrow before the open. The options market is implying about a 3.3% move tomorrow, which is rich to the 4 qtr one day average post earnings move of …
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Here is some apparently untied directional options trades that caught my eye in today’s trading: AAPL: shares of AAPL are down 2.5% as I write (read my analysis of the quarter and guidance here from …
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Last night on CNBC’s Fast Money my co-panelist Pete Najarian offered his final trade, that he is long and strong Bank of America (BAC), and thinks it makes a new 52 week high above $18 …
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We use this post to highlight unusual activity, especially what we perceive to be directional. We don’t suggest that this activity can be useful in making any investment/trading decisions about the underlying (i.e. blindly following …
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By now you have probably heard and read plenty about the phantom account scandal at Wells Fargo (WFC), the company’s firing of 5,300 workers and the subsequent $185 million fine by regulators. It’s entirely possible that …
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Event: JP Morgan (JPM) reports Q2 results tomorrow before the bell. The options market is implying about a 2.5% one day post earnings move, which is a tad rich to the 4 qtr average of …
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A couple of weeks ago we expressed our gloomy view of U.S. bank stocks with a put purchase in Bank of America (BAC ) expiring in August. We chose that expiration because it captures BAC’s …
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Regular readers are familiar with my views on bank stocks (from April here and early June here). Given the weakness of most into and out of the Brexit vote late last week we took the opportunity …
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You know the old bear market saying, sell the rumor and buy the news. Overnight China released economic data that whiffed across the board and included the lowest GDP print since 2009. A good bit of …
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