Yesterday, I gave my thoughts on Barron’s cover story (MorningWord 2/1/16: Crying All the Way to the Bank) where they suggested that it is Time to Buy Bank Stocks. My view was quite simple that the …
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This weekend, Barron’s was fairly emphatic that it is Time to Buy Bank Stocks: Their bull case is largely predicated on valuation: the 10 leading banks and investment banks now trade for eight to 12 times …
Continue readingYou know the old bear market saying, sell the rumor and buy the news. Overnight China released economic data that whiffed across the board and included the lowest GDP print since 2009. A good bit of …
Continue readingLast week on Oct 6th we made the case why weekly XLF puts appeared to be dollar cheap (not in implied volatility terms) considering that 30% of its components were reporting earnings this week. To …
Continue readingEvent: JPM reports Q3 results tonight after the close. The options market is implying about a 2.5% one day move, which is shy of the 1.75% average over the last 4 quarters, and basically in …
Continue readingNext week is a big one for banks stocks as about a third of the weight of the Financial Select etf (XLF) are set to report Q3 earnings: Oct 13th: JPM Oct 14th: BAC &, …
Continue readingTalk about the Barron’s Curse. Since the financial rag ran a feature story this past week on the design software maker Autodesk (ADSK) previewing their analyst day Sept 29th, titled (Autodesk’s Bet on the Cloud Will …
Continue readingEarlier today we highlighted some large short dated put activity in JPM (Name That Trade – $JPM: Bank Shot), which also drew our attention to what is now a new 52 week low in shares …
Continue readingLast week in this space we highlighted some short and long dated put buying in the financial select etf, XLF, (Chart of the Day – $XLF: Bank Teller?) in front of 50% of the etf’s …
Continue readingHere is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. GLD – given the volatility in currencies, interest rates and commodities, there are many out there who would have …
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