Update Oct 13th 2011 at 12:10pm: Closed the balance of this position at .23 when the stock was 31.17…..at this point the likelihood of the stock closing at 32 tomorrow isn’t great and want to make sure I …
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MorningWord: 10/13/11: JPM reported Q3 earnings this morning and beat already lowered expectations. The stock’s 20% rally in the last week into the print will not exactly help the stock today. The earnings call starts …
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JPM reports Q3 earnings tomorrow morning before the opening bell. The options market is implying about 5% which is rich to the 4 qtr average of about 1.25%. Sentiment has obviously been poor in the …
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2nd Update Sept 9th 2011: I am closing the JPM Sept 34/30 Put Spread that I bought back in mid August (for .90) for 1.43 when the stock was 32.80 and now rolling to Oct. …
Continue reading2nd Update Sept 9th 2011: I am closing the JPM Sept 34/30 Put Spread that I bought back in mid August (for .90) for 1.43 when the stock was 32.80 and now rolling to Oct. …
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Friday was just one of those days in the markets where there was a little something for everyone……..the anticipation leading up to the Fed Chairman’s speech in Jackson Hole was one of those events that …
Continue readingUpdate: Friday on CNBC’s Options Action I suggested the trade detailed below, watch video 4 mins in: While the video is pretty interesting, what I found more interesting is that a large player (possibly 2) …
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If it weren’t for the bank stocks today the SPX would likely be back above 1200…….but this little market we are in has its own ideas for these stocks. I think you would have to …
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Lot of noise this morning with a little something for the bull, the bear and the indifferent….
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As for yesterday’s rally, I don’t have a ton to add….mildly positive data on the jobs front is being treated as if we just slashed a couple points off of the unemployment rate….well we will …
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