In the lead up to, and the way out of the late June Brexit vote, European banks were thought to be the most vulnerable in the event of a Leave vote. They had already been …
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Earlier today I tweeted the following regarding the price action in European bank stocks. Remember, they were very high on the list of issues rattling global markets in January and February: Euro Banks were big …
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The volatility in oil lately created a fairly attractive opportunity for those inclined to sell options, and making it quite difficult for those looking to express directional long premium views as options prices in oil stocks (especially highly …
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No major theme in options volumes yesterday. Earnings season is nearly over, which has led to lower single stock options volumes in the past week. 1. CMCSA – Comcast shares have bounced back rapidly in the …
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Credit spreads have not moved much for most of the past year. Credit defaults in the U.S. have been quite rare, and low rates has allowed corporates to roll their funding needs further and further …
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Some less frequently traded stocks made the most-active list yesterday. JCP – Almost 400k puts traded, with implied vol exploding higher (30 day atm vol above 90) after Goldman’s report that recommended buying CDS. The Nov …
Continue readingTrade Update May 3, 2013 10:47 am: JCP has rallied back up to where it traded on Monday, up about 8% in the past 2 days, and I am going to take the trade off for …
Continue readingJCP is down about 10% from its Monday morning high, though it’s still more than a dollar higher than its Thursday close, prior to the Soros news. We liked the idea of getting into a …
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George Soros just announced a 8% passive stake in JCP, and the stock is trading up about 7%. We discussed a potential long position in JCP today, and here were the thoughts we wrote up …
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As the SPX approaches new highs, mixed signals abound. The most positive driver is continued global monetary easing, currently led by the U.S. and Japan, and many expect the ECB to join the party shortly, …
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