All appears to be good with the world again…..Asia was generally up in sympathy with the Fed’s outlook, Europe is up soundly up across the board on German Chancellor Merkel’s ability to quell the revolt within …
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I want to do a little trade management on a couple of the trades I put on Friday morning. I expressed my near-term bullish views in common stock because it just seemed the easiest way …
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A little bit ago on “Quick Hits” i stated that I was reducing some short term bearish positions and adding some short term bullish positions…..I just reduced my JPM Sept 34/30 Put Spread at .76. 2 TRADES: …
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GDP out and frankly in line with expectations at about 1%….so no cause for alarm, but reinforcing thoughts about a very stagnant to weak economy. Mr. Bernanke clearly had an early look at this number …
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WSJ Economics: 8:30 a.m. ET: The Commerce Department takes a second crack (of many) at estimating second-quarter GDP. Economists estimate it will come in at 0.7%, exactly matching the first estimate. Go figure! We’d better …
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For those looking for anything positive from today’s price action are very likely going to have to wait just a bit more………the truth is that they were doomed to fail with a 2% gap higher …
Continue readingUpdate: Friday on CNBC’s Options Action I suggested the trade detailed below, watch video 4 mins in: While the video is pretty interesting, what I found more interesting is that a large player (possibly 2) …
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If it weren’t for the bank stocks today the SPX would likely be back above 1200…….but this little market we are in has its own ideas for these stocks. I think you would have to …
Continue readingUpdate Aug 8th 2011: BAC is trading down about 9% since I priced this trade up Friday afternoon and frankly if this structure interests you than you should probably wait for a bounce to put …
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BAC ($8.25) had come a long way from the 2009 lows and large hedge funds profited being long the name off of the bottom and the Govts exit from TARP in late 2009 into 2010. …
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