Last Friday I did something that we don’t usually do, bought puts outright in a very high implied volatility stock, TSLA. The trade was merely a near term defined risk bet that the stock’s battery …
Continue readingBought Dec
TSLA has had a very quiet rally of late, at least from the standpoint that every tick in the stock has not been broadcast on financial TV with dramatic images of fiery cars or Elon …
Continue reading
Pandora finally broke support of its 50 day moving average on the competitive news that smaller player in the online music streaming space, Spotify was launching a free mobile ad supported service. The stock has …
Continue reading
In case you haven’t noticed, we’ve been targeting some of the high fliers lately as it looks like their parabolic run has come to an end, at least for the time being. We’ve generally targeted …
Continue reading
Is it just me, or over the last month has there been a little bubble among the financial press and punditry in calling the equity markets a bubble? Personally I don’t find the exercise very …
Continue readingTrade Update Nov 13th, 2012: AAPL is up about 1% since I Friday morning when I bought the Dec 1×2 Call Spread detailed below, even with the stock stuck in a fairly tight range, the …
Continue reading
The sentiment shift in AAPL over the last month and half has been fascinating to say the least. From the Euphoric all time highs (~$705) on the day of the iPhone release on Sept 21st, …
Continue reading
Here’s a preview of what I’ll be talking about on Options Action tonight on CNBC at 5pm: Event: RL reports their Q3 Wednesday Oct 31st before the open. The options market is implying about a 6% move (based …
Continue reading