BRK/B’s breakout to a new all-time high in the past 2 weeks has been incredibly ferocious for a $200 billion+ market cap company: The stock had been trading in the 110-120 range for much of …
Continue readingBought March
In a broader market where few short-biased trades have worked, we had a nice win early in the year on BRK/B, taking it off for more than a double. Unfortunately, our second go-around in the …
Continue readingWith the market touching new highs and shrugging off all the threats that sent it down in January, it’s time to check in on some of the short delta positions we’ve placed and see whether …
Continue readingBack in late January when BRK/B broke its 200 day moving average for the first time since 2012, we put on a near term bearish bet that the stock would see further weakness. We took …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Feb 10th – Feb 14th:
Continue readingEarlier we detailed our thought process for our profitable bearish position heading into tonight’s earnings release (see below). With the stock down almost 10% from the highs earlier this month, and our put fly worth …
Continue readingOver a month ago we made a bearish bet on CMG, that we’ve adjusted since. To recap, we started with a put calendar, let the front month expire worthless, then when the stock sold off, …
Continue readingOver a month ago I wanted to make a bearish bet on CMG, but finance the purchase of longer dated calls by selling shorter dated calls of the same strike. With the short (shorter dated) …
Continue readingBack in Oct when CMG was a tad lower than current levels, we took a shot playing for a reversal at a time when high valuation momentum names appeared to have hit the skids (here). …
Continue readingNEW TRADE: I took off half of the March weekly Put Fly for a double and will let the other half ride (read below). But I want to highlight another much longer term trade …
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