Trade Update June 12th, 2013 at 3:48pm: Closing AXP bearish June trade for a quick gain. Stock immediately went down last week after entering the trade, and then shot right back up and made a …
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I am going to keep this real simple, AXP is up nearly 20% on what looks almost like a straight line since April 17th, and up 33% ytd. AXP is trading at 16x this years …
Continue readingTrade Update Oct 23rd, 2012: I got a little cute on this trade, looking to fade the excitement following the announcement that Citi’s board had basically dismissed their CEO last Tuesday. On the close of the day …
Continue readingI have no clue what went on in the board room of Citi in the last 48 hours or so since reporting a Q3 that was better than expected and having a fairly optimistic tone to the …
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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 10th to Sept 14th:
Continue reading3rd Trade Update July 10th, 2012 at 11:49am : With Citi at $26.07 I sold the second half of the July 28/25 Put Spread that I bought the day of the FOMC meeting in June …
Continue reading2nd Trade Update June 25th, 2012 at 10:46am : Since initiating this short position in C last Wednesday, the stock has sold off about 8%, while I think there is plenty more to go, with stock at …
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Update- New Trade June 20th at 12:50pm: We wanted to to wait for the Fed Statement before initiating another short structure in C, but with the news out, and little help on the way, we see the likelihood of European …
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JPM has had one heck of a ride over the last 60 days….the stock was massively out-performing most of its peers, making new 52 week highs in late March, only to have a huge fall from grace …
Continue readingWith BRCM basically unchanged following its earnings, it’s clear that any long premium strategy into the print would have been a loser. The winning play would have been to fade that average move by selling …
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