Event: Joy Global (JOY) the manufacturer of mining equipment reports fiscal Q2 results tomorrow before the open. The options market is implying a one day post earnings move of about 12.5%. With the stock at …
Continue readingJOY
About 2 weeks ago we stepped in on Joy Global (JOY) with a defined risk contrarian call buy in October. Those calls were dollar cheap and we felt they didn’t properly reflect the room the …
Continue reading
What a difference a year makes. It was about a year ago that I last wrote about Joy Global, the manufacturer of mining equipment. (read here). At that time I was detailing some bullish call …
Continue reading
If you are looking at the recent new all time highs in Disney (DIS), Facebook (FB), Nike (NKE), Starbucks (SBUX) and of course Apple’s (AAPL) 15.5% year to date gains to glean the health of …
Continue reading
For most of the Spring/Summer, the Shanghai composite was banging along 5 and half year lows, hovering above 2000: And then this happened. The index rose 50%: If you just came here from another planet …
Continue reading
Joy Global is up nearly 8% making new 52 week highs on takeover rumors. Options volumes exploded, trading almost 10x avg daily volume, with most of the activity in short dated call buying, as expected, …
Continue reading
MorningWord 12/12/13: Despite yesterday’s 1% sell off in the SPX, there seems to be universal optimism among the investment community that the Fed’s fairly imminent Taper of bond purchases has more to do with …
Continue reading
After reading my quick post from regarding JOY’s Q2 earnings tomorrow a friend, who is long the stock a tad higher, asked me for educational purposes what overlays I would add to a long stock …
Continue reading
JOY, the manufacturer of underground mining equipment is bucking the broad market weakness today (up ~1.4%) in front of their fiscal Q2 earnings report tomorrow morning before the open. The options market is implying …
Continue reading
Precious metals under severe selling pressure again, but some interesting upside bets in the miners right near the close, essentially someone buying lottery tickets. Funny strike selection though, as I’d rather just buy fewer contracts …
Continue reading