MorningWord 10/11/12: Last night, in his Too Many Options, Enis flagged a large options trade that caught me by surprise in NOK. Someone bought 44k of the Jan14 5 calls for .37, with a break-even …
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MorningWord 10/10/12: Last night YUM reported Q3 earnings that were better than expected, while revs were a tad light, but slightly raised FY2012 eps growth forecast from at least 12% to at least 13%. As …
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CMG reports Q1 after the close and the options market is implying about a 5.5% move which is a bit rich to the 4 qtr avg move of about 3.8% The stock has obviously been …
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No Trade here, just doing a little charting and CMG strikes me as a textbook head and shoulders top. With the neckline sitting at huge support of $300 and right above the 200 day …
Continue readingUpdate Oct 21st, 2011: CMG reported Q3 earnings last night that obviously beat expectations…..Here is a quick rundown fro Barclays Capital who seemed a bit downbeat about the results in a note to clients this …
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CMG reports Q3 earnings tonight and the Implied move in the options market is about 7% vs the 4 qtr avg move of about 6%. This stock is officially on my “Banned” list but many …
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UPDATE AUG 5th 10:20am: I am selling this spread for 1.00 gain at 4.50, the stock just wouldn’t break and if we rally into next weeks FOMC meeting from such and oversold condition I think stocks like …
Continue readingYesterday was obviously a bloodbath for risk assets, and even-though the S&P futures are up 50bps as I write at 9.20am, Asia closed down across the board and Europe’s weakness is being led by the …
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When I look at the damage done yesterday in the consumer/retail sector (AMZN -4.35%, LULU -4.6%, RL & COH -6.5%, and TIF -8.24%) I am hard pressed to see how CMG which is up 50% …
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This stock makes me ill, and I really can’t take it anymore…..some of you may think that I am just going to continue to throw away money at put premium trying to play for a …
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