Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was May 6th through May 10th:
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Trade Update May 10, 2013: BBY is down 7.5% since its peak 10 days ago on little news, another sign that the buying after the sale of its European business to Carphone was the last bit …
Continue readingBBY is breaking out to new multiyear highs today on the news that it sold its European business to Carphone Warehouse. This stock has been on an amazing run in 2013, more than doubling in …
Continue readingTrade Update April 2nd, 2013 12:47 pm: BBY has had a quick pullback in the past week, though in the context of its strong up move, the 7% move lower is not that significant. However, …
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For any who believe in the efficient market theory, Best Buy is a nice test case to illustrate inefficient markets. The stock has gone from $11.23 on Dec. 28th, 2012 to trading $23.46 this morning, …
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1. CCL – stock down again today, but ended up only down $.11 despite the company reporting that the Triumph disaster will affect it’s earnings as they will have to cancel at least 12 future …
Continue reading2nd Trade Update Sept. 24th, 2012 at 2:37pm: With Sept Expiration out of the way, My Sept/Dec call calendar spread has just left me naked long the Dec component of the initial spread. Now I …
Continue readingTrade Update, Aug 21st, 2012: BBY originally opened down 10% this morning as the company did indeed take the “kitchen sink” approach to this quarter, throwing all the bad news into one earnings release. They …
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Event: BBY reports fiscal 2013 Q2 earnings tomorrow morning prior to the open. The options market is implying about a 13.5% move vs the avg over the last 4 & 8 qtrs of about 7.7% …
Continue readingTrade Update April 4th, 2012 at 10:05am: With BBY creeping lower since intitially settleing in right around the meat of the Put Fly I am long, I am now going to exit the second half …
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