MorningWord 2/26/13: Lets just call it the “Italian Job”. Yesterday’s much anticipated sell off, came from where most least expected it. Conventional investment wisdom has been that Europe was “fixed” and posed little systemic risk to investment portfolios on …
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MorningWord 2/25/13: Over my fifteen year career trading equities I have compiled a so called “process” for identifying potential trades, both long and short. This process uses many inputs and it usually begins with a “something” …
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The market just needed an up day to bring back the heavily skewed call volumes. LVS – Over three times average option volume. There was a buyer of 17,400 May 52.5 calls. Also a buyer …
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MorningWord 2/22/13: Now What?? “The Most Hated Rally Ever” finally got one of the most “anticipated” pullbacks over the last 2 trading days. The SPX’s peak to trough sell off from Tuesday’s multi-year highs was …
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MorningWord 2/21/13: We have gotten our share of questions about GOOG of late, most of which relate to how to get short at all time highs. We have done our best to fight certain urges …
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MorningWord 2/20/13: Last night I spoke on a panel at the Traders Expo in New York and met a lot of self-directed traders, just like you. During the presentation we took a bunch of …
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Event: GRMN reports Q4 earnings tomorrow morning prior to the open. The options market is implying about a 6% move on earnings which is rich to the 4 qtr avg move of ~4.5%. Sentiment: Wall …
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MorningWord 2/19/13: Sometimes when it comes to trading, I like to kick it Ol’ Skool by looking at company whose products I can see and feel in everyday use, or in the case of GRMN, …
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The most exciting trading was primarily in earnings stocks. 1. CTRX – Citrix Systems, 10 times average option volume. Calls to puts 4.4:1. IV30 was up almost 10 points. Earnings after the bell today. Looks …
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MorningWord 1/18/13: INTC’s Q4 report and Q1 /full year 2013 guidance issued last night was nothing short of a mixed bag for investors. For the quarter, eps was higher than expected largely as a result of …
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