Here is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. MU – in front of today’s fiscal Q3 earnings options volume was more than 2x average daily volume with …
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Ciena Corp (CIEN) report fiscal Q2 results tomorrow morning before to the open. The options market is implying about a 7% one day move, which is shy to the 4 qtr avg one day move …
Continue readingCIEN has been under pressure ever since its earnings gap higher in early June, back near the 52 week low of $18: Back in early June, we entered a slightly bullish call calendar that we …
Continue readingMajor U.S. indices closed at another record high on Friday, and the S&P 500 index is now up 5.5% so far in 2014. Options volumes in single stocks remain subdued, though SPY options volumes picked …
Continue readingAfter a couple iterations of the original bullish CSCO trade from Oct 16th (below) I am going to now close the remaining position as we head into tonight’s earnings report. For my trade the the …
Continue readingYesterday I sold half of my long Nov Call position in CSCO (see below) locking in some gains on the stock’s recent rally, and I am now going to spread the balance by selling a …
Continue readingAlmost 2 weeks ago when CSCO bounced off of key technical support I doubled down on my long call position when the stock was 4% lower, but the calls that I bought have now appreciated …
Continue readingA little more than a week ago I initiated a bullish call calendar in CSCO with the idea that the stock would consolidate around the $23 level for a tad and I would look to …
Continue readingEvent: CSCO reports their fiscal Q3 earnings tonight after the close. The options market is implying a one-day move of ~6.5% vs the 4 quarter average move of ~7% and the 8 quarter average move of ~7.8%. …
Continue readingMorningWord 8/1/13: Earlier this week President Obama gave a speech at an AMZN fulfillment center in Tennessee where he proposed what some are calling a “Grand Bargain” with Congress where in return for greater spending …
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