EVENT: FB is scheduled to report their Q3 results after the close tonight. The options market is implying a one day move in either direction for Wednesday of almost 8%, which is rich to its …
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With the SPX making new all time highs and near euphoria that the Fed not pullback on asset purchases I think this will ultimately be perceived as negative, as the Fed does not feel the …
Continue readingOn Monday I laid out a short thesis why IBM, a large cap U.S. multinational that has lagged the broad market and its peers, possibly due to its heavy revenue exposure overseas could benefit from …
Continue readingWe have gotten a few questions of late on EMC, and frankly it is not a name we have done a lot of work on, or kept a close eye on since I had some …
Continue readingEVENT: ADBE will report their fiscal Q1 earnings report tonight after the close, the options market is implying about a 4.5% move vs the 4 qtr avg of about the same.
Continue readingEBAY closed down 3.7% today (was down almost 4.5% at one point), and now down about 9% from the 8 year highs made on March 5th and quickly approaching its 200 day moving average which it has …
Continue readingEVENT: INTC reports their fiscal Q1 tomorrow after the close. The options market is implying about a 4.2% move following the print vs the 4 qtr avg of ~2.65% and the 8 qtr avg of ~3%. SENTIMENT: …
Continue readingHere is a quick preview of what I will be discussing tonight on Options Action on CNBC at 5pm: MS and many of the other U.S. banks have gotten out of the gates in 2013 …
Continue readingTrade Update Nov 15th, 2012 at 1:13pm: I am closing the second half of this winning trade. While my view on the stock hasn’t changed, I am merely lightening my load a bit on the …
Continue readingTrade Update Oct 25th, 2012: CL reported disappointing results this morning and the stock is down 2%, in line with the implied move. I am going to use this weakness to take half of my Dec Put …
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