Over a month ago I wanted to make a bearish bet on CMG, but finance the purchase of longer dated calls by selling shorter dated calls of the same strike. With the short (shorter dated) …
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We have written about YUM on several occasions in the past few months, starting with our earnings preview in early October. In that post, I noted that YUM was quite cheap on a fundamental basis …
Continue readingBack in Oct when CMG was a tad lower than current levels, we took a shot playing for a reversal at a time when high valuation momentum names appeared to have hit the skids (here). …
Continue readingOn Tuesday took at shot on a defined risk attempt at picking at top in CMG. I kept it simple just buying short dated puts playing for a quick reversal from the all time highs, …
Continue readingAs I am sitting here watching the reversal in NFLX, almost a 15% reversal from this morning’s all time highs, I can’t help but to look for a similar situation in a very overvalued stock, …
Continue readingEvent: CMG reports its fiscal Q1 earnings after the close today. The options are pricing in about a 7.5% move based on the weekly straddle, relative to the 10.75% four quarter average and 7.5% eight quarter …
Continue readingEvent: CMG reports full Q4 earnings after the close tonight. The options market is implying about a 6.5%* move vs the 4 qtr avg of about 10%. The implied move appears light to historical moves …
Continue readingMorningWord 10/31/12: For most in NYC, myself included, the last few days has been nothing more than an inconvenience, while many in some of the outer-boroughs, Long Island, and New Jersey have had their worlds turned upside …
Continue readingMorningWord 10/26/12: We talk about AAPL a lot on the site, primarily because we are fascinated by the psychology around the stock, not just with investors, but the way the stock is viewed by Wall Street …
Continue readingMorningWord 10/25/12: To say FB caught a bid yesterday was an understatement. The way the stock opened, up more than 20%, it acted like the highly anticipated strong IPO it was meant to be back …
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