Trade Update March 22nd 2012: A little more than a month ago I suggested that the easy money might have been made in some of the Banks, and was obviously a bit early on that, but …
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Here’s a preview of what I’ll be discussing tonight on Options Action GS ($115) Goldman Sachs (GS) is up 27% year to date as the banking sector has seen strength with some of the …
Continue readingTrade Update Jan 26th, 2012 at 2:24pm: With GS up 10% since buying the Feb 110 calls on Jan 13th at 1.15, and then spreading them into a Call Spread on Jan 18th by selling the Feb …
Continue readingTrade Update Jan 18th, 2012 at 2pm: GS did the unthinkable and beat Q4 earnings expectations and told an ok story to investors. The stock up 7.6% is fairly dramatically out-performing the implied move of a bit less …
Continue readingWhile JPM is outperforming the implied move in the options market today following it’s Q4 earnings report, the stock is still trading above last Friday’s close, which in a lot of ways is fairly impressive …
Continue reading2nd Update Dec 1st at 11:33am: MS closed the second half of this dec 15/16 call spread at .26, so at an average of .305 for a total profit of .135 on the trade. Update …
Continue readingUpdate Nov 23rd 2011 at 3:45: Also buying some call spreads in the banks: This is a lotto ticket type trade and not for everyone. This is not the type of trade you want to …
Continue readingLast week as detailed in the previous post “Weekender” was a one way street for making money from a macro level…..At the moment I am a bit more focused on the micro and have decided …
Continue readingUpdate Oct 25th 2011: With MS and GS down a little more than 2% each I want to manage yesterday’s put purchases a bit……GS is first on the agenda as it is a weekly option …
Continue readingThe Easiest Way in My Mind to Fade This Rally Is to Short the Banks The SPX is up almost 18% in a straight line since making new intra-day 52 week lows 20 days ago……Enough …
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