As regular readers of Risk Reversal know we like to find opportunities to short bad, or what we deem to be misunderstood stories in any sort of market. But how we use the term “short” …
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On February 4, 1997 I started working at a hedge fund as an assistant trader charged with supporting equity and options traders (think getting lots of coffee and tedious lunch orders). Back then most news …
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Last week we highlighted the technical and fundamental set up in GM (post below) and detailed how we planned to roll our current bullish & losing trade. We did not pull the trigger last week, …
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Last night on CNBC’s Mad Money I was flattered to have Jim Cramer highlight our technical work on GM – watch here: We have had a bullish view on GM since late last year, but …
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MorningWord 12/9/13: Last week MSFT shares closed at new 13 year closing high, levels not seen since the internet bubble burst. Despite the weekly highs, the stock edged just a small week over week gain, …
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This morning’s better than expected November non-farm payrolls number and lower than expected unemployment rate at 7% have for all intents and purposes almost guaranteed a taper in the coming months. The pundits on CNBC …
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Back on Nov 1st we closed a Nov Call Butterfly in EBAY for a gain (here, immediately below) and rolled the exposure out to December with a wider call fly. Well, today the stock has …
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Here is a quick preview of what I will be discussing tonight on Options Action on CNBC at 5:30pm: The illustrious technician Carter Worth of Opco will be highlighting some of the haves and have …
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After a couple iterations of the original bullish CSCO trade from Oct 16th (below) I am going to now close the remaining position as we head into tonight’s earnings report. For my trade the the …
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MorningWord 11/8/13: The New York Stock Exchange will always hold a special place in my professional heart (if that is not an oxymoron in this biz). When I started working at SAC Capital in early …
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