MSFT – Stock was downgraded this morning at Bank Of America from Buy to Hold and Goldman Sachs reiterated there Sell rating on the stock, both fearing issues from expected management transition. Puts were active …
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CBOE composite put/call ratio closed at 0.75 on Friday. It has not closed at 1.00 or higher since October 15th, as bullish enthusiasm reigns. EWJ – Buyer of around 70k of the Dec 12 puts for …
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MorningWord 11/14/13: Longtime readers know that we take pride in our efforts to leg into directional options trades (some would say it is our special sauce), as was the case with CSCO over the last …
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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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Event: CSCO reports their fiscal Q1 earnings Wednesday, November 13th after the close. The options market is implying a one-day move of ~6.2%* vs the 4 quarter average move of ~6.3% and the 8 quarter average …
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1. AIG – stock continues to decline, now down 8% since its earnings results last week and now essentially trading at the low from early October. A trader made a fairly large upside bet in …
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Yesterday I sold half of my long Nov Call position in CSCO (see below) locking in some gains on the stock’s recent rally, and I am now going to spread the balance by selling a …
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1. MSFT – The stock continues its run to multi-year highs, and the best performer in the Dow Jones Industrial Avg for the second day in a row. While the price action in the stock …
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Almost 2 weeks ago when CSCO bounced off of key technical support I doubled down on my long call position when the stock was 4% lower, but the calls that I bought have now appreciated …
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1. CSCO – stock broke out above its 200 day moving average on decent volume in front of what some market participants are calling a highly anticipated product launch in the networking space (here). One …
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