Options on macro ETFs were more active than single stock options as traders positioned ahead of today’s FOMC announcement. However, YHOO continues to be a very active name for options traders given Alibaba’s IPO on …
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VIX spot closed above 14 yesterday for the first time in a month, though stock and options volumes were relatively subdued yesterday. Macro ETFs comprised much of the most active options list. 1. QQQ – Yesterday was the …
Continue readingSo our handling of this position was a Trading 101 course in What Not to Do when you have a pre-planned position into a volatile event. We initially bought GTAT and the Sept12th 16 put …
Continue readingSo the AAPL iPhone 6 event has started, and so far, we know that there is probably no sapphire in the iPhone 6 screen. GTAT is down about 12% as a result of this news. …
Continue readingLast week we looked at GTAT stock and talked about its potential move based on exactly what Apple announces on its product release September 9th. Here’s the background: GT Advanced Technologies (GTAT) has caught the …
Continue readingGT Advanced Technologies (GTAT) has caught the iPhone 6 fever. The supplier of Sapphire, the material that goes into LED screens is expected to someday displace Corning’s (GLW) Gorilla Glass in new larger iPhone(s) and …
Continue readingBack in early November we bought GLW at $16.47 after the stock had pulled back from a euphoric gap higher on a long term deal to supply LCD glass to Samsung. At the time we …
Continue readingDan laid out the fundamental and technical bullish case on GLW about 3 weeks ago in his CotD post: One stock that caught my eye this morning was GLW, the flat panel glass maker for …
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