The last time I took a look at Chipolte (CMG) was late December (here) as the company’s e.coli / norovirus crisis was emerging. The stock had declined from its all time highs made in August 2015 …
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On Friday’s Options Action on CNBC we got a question from a viewer about whether or not it was two late to buy puts in Valeant (VRX)? Well, this is obviously a pretty complicated case, …
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Earlier, Dan previewed Adobe’s (ADBE) Q1 earnings due after the bell. Like I did last week with ORCL and ratio spreads versus long stock, I want to use ADBE’s earnings event as an educational look into another …
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In my almost two decades in the market I am often amazed at how much leeway investors will give corporate managements that are obviously crooks, and how persistent some managements will be in their deceptive …
Continue readingThe largest options trade of the day so far was a block of 84,000 Zoetis (ZTS) Jan2017 $35 strike puts sold to open at $1.25 when the stock was $46.72. Very simply, the put seller …
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This morning, hedge fund heavyweight and founder of Pershing Square Bill Ackman is holding a call with investors and the financial press to answer questions about his nearly $2 billion stake in specialty pharmaceuticals company Valeant …
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This Valeant (VRX) story is far from done. For those that thought the volatility in the stock was brought on solely by some shadowy short biased research house, think again. The WSJ set its sites on …
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In case you missed it, Lumber Liquidators (LL) was featured in a VERY negative light on last night’s 60 Minutes program on CBS, with not only short sellers suggesting massive fraud by the company, but …
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As he usually does, Michael Lewis stole the show in 2014. During the promotion of his book Flash Boys he made some fairly controversial claims that the U.S. stock market is “Rigged”, and while he …
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Here are some large options trades and/or activity that caught our eye today: 1. FB – the stock had a very volatile session, after opening up in the morning it traded off almost 3% and …
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