Argentina is close to defaulting on its dollar-denominated debt. Again. It defaulted in 2001, in what was then the largest sovereign default in history (now surpassed by Greece). After a very interesting set of court …
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Trade Update Nov 9th, 2012 at 9:39am: Back in early Oct when I first looked at JPM heading into their Q3 earnings report, I made the assumption that the results were not likely to be …
Continue readingTrade Update Oct 22nd, 2012: With Oct expiration come and gone, the Oct 41 Puts that I was short expired worthless, and I am left long the Nov 41 Puts, for .48, the price I …
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Here is a preview of what I will be discussing tonight on Options Action on CNBC at 5pm: JPM has certainly captured its share of headlines this year from the Euphoric 52 week highs made in …
Continue readingWith the S&P 500 breaking the psychological 1400 level today, I wanted to see how the credit markets were behaving. The SPX index has only traded above 1400 for a 3 week period this year …
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The homebuilders have made 5 year highs while the market has languished in the past 2 months. A decent spring selling season has re-introduced optimism into a sector that was left for dead 3 years …
Continue reading3rd Trade Update July 10th, 2012 at 11:49am : With Citi at $26.07 I sold the second half of the July 28/25 Put Spread that I bought the day of the FOMC meeting in June …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm CNBC: LEN reported strong earnings this morning and is having a nice up move along with the entire …
Continue reading2nd Trade Update June 25th, 2012 at 10:46am : Since initiating this short position in C last Wednesday, the stock has sold off about 8%, while I think there is plenty more to go, with stock at …
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Update- New Trade June 20th at 12:50pm: We wanted to to wait for the Fed Statement before initiating another short structure in C, but with the news out, and little help on the way, we see the likelihood of European …
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