Relatively quiet in options, despite the higher-than-normal cash volumes. BAC – Financials reversed early morning strength as European banks closed down 4%. There was a buyer of 75k of the May 11 puts for 0.14 this …
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MorningWord 3/22/13: Some of you are probably reading this post on your trusty old RIMM phone with a QWERTY keyboard as you are waiting in line outside a VZ or an AT&T store for today’s …
Continue readingNo major themes in a quiet session, with AAPL the most active name by far. AAPL – Relative underperformer for the umpteenth time. Call to put ratio around 1.5 not signaling excessive bearishness yet. Weekly 440 …
Continue readingEEM – options were extremely active today topping the most actives list with the largest trade being the sale of 111k of the March 43 Puts at .06 to close, vs buying 215k of the …
Continue readingWith BBRY below 13 it’s a good point to revisit our calendar trade and see where it stands and what we’re looking at going forward. Here is the trade from Feb 14th, when the stock …
Continue readingOne of the longstanding arguments for owning AAPL shares has been the stock’s excess cash on the balance sheet. Hedge fund manager David Einhorn has been rattling the executive office to get them to pay …
Continue reading1. JCP – there was a buyer of at least 8000 Feb08 weekly straddles for $1.24 with stock trading $19.12. Stock quickly went up over $20. IV30 is up 4.5%. Stock had been down on …
Continue readingMorningWord 2/01/13: At one point in the last decade, the Blackberry was the best thing to come out of the “Great White North” since Pamela Anderson, backbacon, and obviously the Mackenzie Brothers. RIMM for all intents and …
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