MorningWord 12/19/12: Enis and I had a very interesting dinner last night with a former emerging market strategist for a large bank and a global macro hedge fund manager, where we debated the prospects for …
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MorningWord 12/18/12: All seems clear on the western front, so to speak. Mr. Boehner appears to be spending more and more time with his friend Mr. Obama, maybe they are both feeling a bit sanguine with …
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CSCO reports their fiscal Q3 tonight after the close (read our preview from yesterday below), the options market is implying about a 6% move this afternoon, vs the avg over the last 4 qtrs of about 7%. …
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Event: CSCO reports Q3 earnings Tuesday, November 13th after the market close. The options market is implying about a 6.5% move on earnings, which is quite low relative to the 8-quarter average of 10%, but …
Continue reading2nd Trade Update Aug 15th, 2012 at 3:23pm: Ok as many of you who have been following my posts on this trade, I clearly F’d the thing up from the get go, my timing was …
Continue readingTrade Update Aug 6th, 2012: Since buying the Sept put spread (detailed below) last Thursday, CSCO has rallied 6% and the structure has lost half of its value. My conviction level and the trade bias has …
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Technology shares over the last year or so has been a tale of two cities as it relates to performance (think Detroit=CSCO and Beverly Hills=AMZN). Those with perceived product cycles no matter how expensive have …
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EVENT: CSCO reports it’s fiscal Q3 earnings tonight after the close (see Bloomberg preview/expectations at the bottom of the post). The options market is implying a little less than a 6% move following earnings which is …
Continue readingTrade Update Apr 2nd, 2012: The trade below has taken a bit of management, but I think definitely worth the time going through it’s different iterations and why we did what we did. Prior to CSCO‘s …
Continue readingUpdate: Feb 9th 2012 at 9:25am CSCO saw an initial pop on its earnings in after hours trading, up nearly 4%. That strength turned quickly to a little weakness as the conference call commenced. This …
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