A couple weeks ago, Enis made a slightly bearish trade in SBUX, playing for the stock to remain in its current range heading into July expiration (below). The trade is a slight loser with one …
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SBUX is trading almost exactly unchanged on the year after a strong 6 week rally from near $70 in late-May. SBUX closed the year at $78.39 (red), and that level has acted as resistance in …
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We put on a rangebound in-the-money butterfly in MA in early June, targeting the $75 level as the midpoint of the recent range in MA shares. This morning, MA is bouncing up to near that level …
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Starbucks is trading at a 3 month high today after an upgrade from UBS. The UBS analyst cited the following factors for the upgrade: One of best long-term global growth opportunities among consumer multinationals given …
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Here is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was June 9th – June 13th:
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MasterCard has lagged the broader market in 2014 after a huge run between 2010 and early 2014 in which the stock more than tripled. The stock touched its 200 day moving average in April for …
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VIX spot is nearing single digits this month, close to all-time lows. Realized volatility in the S&P 500 index has fallen dramatically in the past month, with 10 day realized volatility now around 5. Volumes …
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MasterCard has gradually grown into one of the largest corporations in America. Its 4 year daily chart is a sight to behold, as the stock broke its rising 200 day moving average in April for …
Continue readingVisa and Mastercard have been on a wild intraday ride today. MA reported stronger than expected results this morning, and both stocks gapped higher on the open. While traders were fading the strength after the …
Continue readingIn case you haven’t noticed, I like to look at metrics, indicators, and charts that are not as widely watched by other market participants. Like my post on Spain last week, today I am going …
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