On a couple of occasions this past week I have hit on the poor relative strength from the June highs to the August lows of small cap stocks measured by the Russell 2000 (for our …
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Last week on Oct 6th we made the case why weekly XLF puts appeared to be dollar cheap (not in implied volatility terms) considering that 30% of its components were reporting earnings this week. To …
Continue readingEvent: Intel (INTC) reports Q3 earnings tonight after the close. The options market is implying almost 4% one day move which is rich to the 4 qtr average move of about 2% and the 10 …
Continue readingHere is a quick recap of trades that we initiated, closed, or debated in the week that was Sept 21st – Sept 25th: [hr]
Continue readingWe have written a lot on Disney (DIS) since their fiscal Q3 earnings report on August 4th, which was ultimately the catalyst for a peak to trough decline over the next 20 days of 26%. …
Continue readingIn a great interview with the Financial Times, John Burbank of multi-strategy hedge fund Passport Capital this morning explains the reasoning behind his firms large wagers against commodities and emerging markets: Mr Burbank said years of QE had …
Continue readingTwitter (TWTR) has itself a sort of Fairy God Father in the form of their pre-ipo investor Chris Sacca. Sacca, on his VC firm’s blog (LowerCase Capital) has issued two very detailed posts critical of management and current strategy. …
Continue readingEarlier I wrote of the weak relative performance of some of the “Chortals” Chinese Web 1.0 stocks like SINA & SOHU, down 50% and 30% respectively on the year. There is little doubt that Alibaba’s …
Continue readingThere are few who would dispute that Google (GOOGL) has been, and on current estimates remains, one of the best large cap growth stories on a valuation basis. The stock trades at a PE/G (PE …
Continue readingSince initiating this bullish calendar call spread a couple weeks ago GM shares have risen 5%, and remain almost 3% off of the recent 52 week highs made earlier this week. Investors appear excited about …
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