There is debate as to whether or not basketball great Michael Jordan actually said “Republicans buy sneakers too” in response to criticism about his famously apolitical existence. Apocryphal story or not, he did set the …
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General Electric (GE) is scheduled to report Q3 results Friday morning, Oct 21st before the open. The options market is currently implying a 2% one day move which is a tad rich to its 4 qtr …
Continue readingWith the rise of the internet in the 1990s we stumbled onto something new and democratic. No longer were public thoughts and opinions simply the purview of ivory tower intellectuals (or good looking talking heads), …
Continue readingIn case you missed the stories on Friday, it’s not likely that Twitter (TWTR) remains an independent company much longer. From CNBC’s David Faber: Since founder Jack Dorsey formally returned to the company a year …
Continue readingEvent: Salesforce.com (CRM) reports fQ2 results tonight after the close. The options market is implying about a 5.5% one day move, which is basically inline with the 4 qtr one day average move of 5.3%, …
Continue readingBy now you have probably read a handful of articles recapping what happened in financial markets a year ago today. While we are on anniversaries, today also marks the 5 year anniversary of Tim Cook as …
Continue readingEarlier I highlighted recent price action following earnings in three once loved tech stocks. All have high short interest, all were down sharply from their 52 week highs, and all are now experiencing sharp short …
Continue readingHere is some untied directional options flow that caught my eye in today’s trading:
Continue readingShares of Tesla (TSLA) have had a fairly volatile year, at its lows in February down 40%, at its highs in April up 90% from those prior lows. So far this year, investors concerns have …
Continue readingOn Wednesday’s Fast Money on CNBC we had Tom Freston, former CEO of Viacom, to discuss the current board room battle between Sumner Redstone and its board. In case you haven’t been following the drama, …
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