Airline stocks were the clear beneficiary of the washout in crude oil yesterday, as detailed in this space highlighting a large bullish roll up and out that took place in Delta (DAL) calls (here): There was …
Continue readingCarter Worth
I know I had a lot to say about Apple (AAPL) yesterday (Trade Idea – $AAPL Harvest), but I wanted to highlight on more thing: Last night on CNBC’s Fast Money my friend Carter Worth, chartist-extraordinaire …
Continue readingEvent: Netflix reports Q3 results tonight after the close. The options market is implying about a 15% one day move, which is shy of the 18% 4 qtr average move, and rich to the 10 …
Continue readingThere seems to be a growing chorus of market participants and pundits (including moi) that the S&P 500 (SPX) will not only soon break the August 24th panic low of 1867, but also retest the …
Continue readingLast night on CNBC’s Fast Money we had a discussion about the impact of imploding commodity prices on the economy and the financial markets. I am the farthest thing from an economist, but since crude …
Continue readingHere is some generally directional, untied options activity that caught my eye during Monday’s trading: 1. AAL – about an hour before the close a trader paid $4.55 for 30,000 Jan 40 calls and sold …
Continue readingEarlier I previewed AAPL’s Q2 results due out after the close (below). Now I want to outline a few ways to play depending upon your current positioning (yes I know long) or directional inclination from …
Continue readingEvent: Apple (AAPL) reports its fiscal Q2 results tonight after the close. The options market is implying about a 5% one day move (and weekly move of about 5.5%) which is a tad shy of …
Continue readingBack on Feb 10th, following KO’s Q4 results, we placed a short term bearish trade as we felt the stock’s gains of 3% on the results delivered was unwarranted. A month later the stock was …
Continue readingA month ago we looked to fade Coke’s (KO) post earnings bounce (read below.) We entered the short biased trade when the stock was $42.55 and now with the stock at $40.25, down 5%, and nearing our short strike …
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