Yesterday in the MorningWord I highlighted the chart of the Euro Stoxx Bank Index (SX7E), that I dubbed the “worst chart in the Northern Hemisphere” showing the index siting on massive long term support, and …
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MorningWord 6/17/13: Late on Friday a little headline snuck out from Reuters that I was surprised did not get more play over the weekend, “Deutsche Bank ‘horribly undercapitalized’ – U.S. regulator”. If that headline had …
Continue readingTrade Update June 4th, 2012 at 10:15am: Since entering the C Sept 30/25/20 Put Fly back in late April for .56 when the stock was 33.55, the stock is down 25%. I am now …
Continue reading3rd Trade Update May 18th, 2012 at 12:11am: With Citi down again I am going to close the last qtr of this position for a 2.46 gain…..With the stock at 26.27 I just sold the …
Continue readingTrade Update May 17th, 2012 at 10:22am: Citi is now down 20% since initiating the C July 32/27 Put Spread on Apr 27th for 1.00. I sold 1/2 the position last week at 1.75 for a .75 profit, …
Continue readingTrade Update May 8th, 2012 at 2:45pm: Since initiating the C July 32/27 Put Spread on Apr 27th for 1.00, the stock is down about 7.5%. With the SPX now down about 4.25% from last week’s high …
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Update April 27th, 2012 at 3pm: Please see below under Trade section a second trade structure that is longer duration and almost half the premium of the Put Spread that I bought earlier. Original Post April …
Continue readingTrade Update Jan13th 2012: Well I was just a tad early on this one. With the stock down 3.3% it is trading within 1% of where I initiated the trade last week. Unfortunately this will …
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JPM has been widely regarded as the “best of breed” money-center bank throughout our financial crisis in 2008/09 and again since the bubbling up of the European Sovereign debt crisis mid last year. At the same time, investors have …
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OK, bear with me here as this is a bit of a long one, I am on a 4 hour flight and have a little time so I thought I would go into some detail …
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