Soft Landing or Hard Landing? No matter the news of the day and what it points to as it relates to China’s economic recovery, the 2000 level has been a magnet for the Shanghai Composite …
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Last night’s disappointing iPhone units and forward guidance, that many including myself expected to be buoyed by the recent iPhone launch at China Mobile, was downright bad. There is no sugar coating the reported data, …
Continue readingEarlier today we offered our fiscal Q1 Earnings Preview for AAPL (below), and on Friday introduced the earnings trade that we felt most convicted on (here). Aside from the call calendar, we wanted to offer …
Continue readingEvent: AAPL will report their fiscal Q1 earnings tonight after the close. The options market is implying about a 5.5%* one day move, slightly higher than the 4 & 8 qtr avg of ~5% . …
Continue readingThe best traders out there have a field day in markets like this, riding the wave, and pressing the trade. If 2013 was a market that made geniuses out of those who just bought …
Continue readingAAPL is one of the worst performing stocks to start 2014, down more than 4% since the December 31st close after yesterday’s 1.3% decline. Even Carl Icahn’s tweets have had a diminishing impact – the …
Continue readingThe annual Consumer Electronics Show this week in Las Vegas will be something that resembles a cross between a Star Trek convention and Mark Zuckerburg’s upcoming 30th birthday bash. A lot of geeks and little …
Continue readingOn December 20th we placed a bet on AAPL closing the year above $550 (below) and structuring the trade in a way that would take advantage of decay over the slow holiday weeks. Here was that …
Continue readingFull holiday excitement was on exhibit yesterday, with the CBOE composite put/call ratio hitting 0.61, its lowest level since January 2011. 1. FB – Options were actually quite active yesterday, with more than 400k calls trading …
Continue readingOn what was likely to be a slow news night in what was likely to be a quiet week of trading, the Twittersphere (and I suppose other ‘spheres) lit up like a Christmas tree with …
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