Back in late November, I put on a bearish trade in BA, (originally a calendar spread that I modified into a long put, detailed below) that was left for dead just a few days ago. …
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Trade Update Dec 19th, 3:10 pm: I initiated a delta neutral Dec / Jan calendar in FDX yesterday before earnings because I thought the push / pull setup in the FDX story made a small …
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As I wrote in my preview yesterday, the bull / bear case depends on the 2013 outlook from FDX. The stock looks cheap, but traders are worried about global growth headwinds. Given the legitimate points …
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Event: FDX reports its calendar Q4 earnings Wednesday before the open. The options market is implying about a 3.5% move post-earnings, which is cheap to the 4 qtr avg move of about 4.25%, and the 8 …
Continue readingTrade Update Nov. 29th, 2012 at 1:15pm: This is a rather quick change in stance from a trade I initially put on 2 days ago. But circumstances have changed, so I have modified the trade. …
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As negotiations start to heat up, many of the previous fiscal cliff trades have been tossed aside. The market feels confident that a deal will be reached, so on to the next trade, right? I …
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Here is a quick recap of all of the trades that we initiated, closed or expired in the week that was Sept 17th to Sept 21st:
Continue reading3rd Update Sept 20th, 2012 at 2:36pm: FDX is down about 5% since I bought this Oct Put Spread on Monday afternoon as a result of the company’s weak earnings and forward guidance given Tuesday …
Continue reading2nd Update Sept 18th, 2012 at 1:28pm: The options market pricing of FDX’s Q1 earnings release led me to my trade in Oct. After the company had already pre-announced a weak Q1 back on …
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The most memorable events in the career of a trader are due to surprise events. Especially for an options trader. I have many trading days etched into my mind because of a surprise after-hours announcement …
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