Citigroup‘s earnings and earnings reaction are further evidence to us that the investment banking-related names in the U.S. are poised for a bout of weakness after earnings season. Astute investors are aware that despite Citigroup’s …
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Trade Update June 20th: With Facebook up a little from where we entered this July 1×2 trade we’re going to take it off for a small profit at 80c. We really like this structure in …
Continue readingTrade Update June 4th, 2012 1:30 pm: With History’s Shortest Dotcom Bubble Ever™ apparently ending in flames, we’re going to close the GRPN structure laid out below for a slight profit. These stocks look ugly …
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Here’s a Preview of what I’ll be discussing on tonight’s Options Action on CNBC at 5pm: On Tuesday we made the case why ratio call spreads looked attractive in the newly listed options of FB …
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Options on Facebook started trading this morning and the action so far has been fairly brisk. As of noon, over 135,000 total options contracts have traded (58.5k calls & 77.5k puts), while the most active …
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May 19: I’m looking for a move in gold and I am thinking about a 160/170 or a 170/180 call spead. I was wondering if you could look at the option chain and see if …
Continue readingTrade Update May 21st, 2012 12:45 pm: Following up on the GRPN trade structure we pitched last Monday before earnings, we want to provide an update on what has since occurred and what our strategy …
Continue readingAfter my one-day nod to the mania surrounding the Facebook IPO with yesterday’s chart, I feel compelled to return to more serious matters today. The market is in the throes of one of its most …
Continue readingSo I heard there was a Facebook IPO this Friday. That’s the advantage of being a professional trader. You get the information first. Kidding aside, LinkedIn is probably the most closely related public company to …
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First off, a disclaimer. I know about as much about the fundamental story of Groupon as the average Joe on the street who does not follow stocks. I have not followed this stock closely since …
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