GME reported a strong quarter yesterday evening, and the stock is up 8% this morning. I entered a new trade on Monday in GME ahead of the earnings event: TRADE – Buying to Open GME for $40.10 …
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GameStop remains a highly controversial stock with one of the highest short interest levels of any name in the S&P 500 index. The short interest is still around 27.5% as many traders continue to view …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was May 27th – May 30th:
Continue readingLast Thursday GME issued a better than expected Q1, and saw its stock gain more than 4% on the day but has since filled in a bit of the gap. We laid out a bearish trade …
Continue readingVery busy macro calendar this week. Today, the main event is Janet Yellen’s speech at 9:55 am ET, titled Strengthening Communities, which will take place at the 2014 National Interagency Community Reinvestment Conference in Chicago. Important economic …
Continue readingOn the macro front, the main focus will continue to be geopolitical, focused on Russia. As for economic reports, Durable Goods is released on Wednesday, revised 4th quarter GDP is released on Thursday, and personal …
Continue readingConsidering the start to the week, with Monday’s delayed reaction to disappointing December Jobs number, I think it’s fair to say that if we closed right here (basically unchanged from last Friday’s close), that it …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Jan 6th – Jan 10th:
Continue readingGME has been attempting to hold the $45 support level (from December as well as the rising 200 day moving average). The stock was down 8% on Tuesday after news of Sony’s potential new streaming …
Continue readingGME cratered yesterday, ending the day down 8% on one its largest single volume days in the past year. The move lower occurred shortly after we traded a GME options structure outlined in this morning …
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