Tight leash means tight leash, the trade is now a bit binary but leaning more towards a loss than a gain in the next 2 trading days, we are going to close the trade and …
Continue readingDOJ
Back in late November we put on 2 bullish trades in XLF, both with very different risk profiles, but both left us long Jan 22 calls for .10 with an eye towards playing for a …
Continue reading
Back in late Nov we made a couple bullish bets in Jan XLF options playing for a breakout to new highs into Q4 reporting season (below original trade and update from Dec). In fact, 4 …
Continue reading
Towards the end of November we put on a couple bullish XLF trades (below) to position for a technical breakout in the new year of the bank etf. Currently the ratio spread (the first trade) …
Continue reading
Yesterday in the MorningWord we detailed the out-performance of U.S. banks vs the Euro Banks in the first half of the year, and then the subsequent flip flop since July. With JPM’s monster DOJ settlement out …
Continue reading
Two big prints that were both protective in nature. VIX – buyer of the Apr 20/25 call spread 150,000 times paying 0.70 to open. Quite a big bet, as that involved paying out $10.5 million …
Continue reading