Regular readers know we don’t place too strong of emphasis on unusual options activity. Without intimate knowledge of the trade, or knowing the initiators’ intent, whether the trade is outright, or delta neutral, or what …
Continue readingJamie Dimon
In the lead up to Tuesday’s election, I am trying to recall if I heard or read a market participant or pundit who accurately predicted a stock market rally in the event of a Trump victory. I …
Continue reading
Event: JP Morgan (JPM) is scheduled to report its Q3 results tomorrow before the open. The options market is implying about a 2.2% one day move in either direction, which is lower than the 4 qtr average …
Continue reading
Last night on CNBC’s Fast Money, the group of equity-centric buffoons, of which I am most certainly one, had a short discussion of the impact of negative interest rates on large banks, and specifically Jamie …
Continue reading
Last night, on CNBC’s Fast Money program we discussed the JP Morgan’s (JPM) investor day that had the stock down 4% yesterday. JPM CEO Jamie Dimon portrayed a calming tone, despite acknowledging headwinds to his business, having …
Continue reading
MorningWord 9/26/13: Tuesday’s close in JPM, below its 200 day moving average for the first time since August 2012, was nothing short of ugly. On that selloff, Enis made the case that despite the mounting …
Continue reading
MorningWord 12/14/12: The long awaited iPhone 5 release in China was met by 1 dude waiting in line at Apple’s flagship Shanghai store, as reported by various media outlets. 1 solitary guy, in a country of 1.4 billion people …
Continue reading
MorningWord 12/13/12: Yesterday’s price action was a bit of a mixed bag, regardless of the late session sell off following chairman Bernanke’s press conference. Breadth, which we track in a handful of different ways, wasn’t actually …
Continue reading
MorningWord 12/12/12: Equities the world over appear to be floating for the past week , carelessly, inching higher as we approach today’s FOMC meeting and Chairman Bernanke’s subsequent press conference. For those of you who missed it, …
Continue reading
MorningWord 12/11/12: The U.S. Treasury announced last night that they are selling their remaining stake in AIG (234 million shares) at $32.50 which will conclude their 4 yr ownership in the insurance giant since their bailout some …
Continue reading