Event: 3M (MMM) reports Q4 results tomorrow before the close. The options market is implying nearly a 3.5% one day move, which is rich to its 4 qtr and 10 year avg one day move …
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Event: Apple (AAPL) reports fiscal Q1 results Tuesday night after the close. The options market is implying about a 6% one day move. That’s essentially in line with the implied move prior to their Q4 results …
Continue readingIn late November (read here) we laid out a near term bearish case for shares of Tesla after what was a fairly newsy period for the company: Today the stock is down a bit on …
Continue readingRegular readers know that commodities and their related stocks aren’t usually my focus. Despite my tourist status, I have had some views on crude oil weakness since the end of 2014. Those views have remained steadfast …
Continue readingLet me start by saying in the long run, I suspect it will be a costly strategy trying to make money betting against Elon Musk. But, Musk had a fairly noisy year in the three companies he is a large …
Continue readingRegular readers know that we have been positively disposed to Twitter as product, platform, and stock for the better part of its two years as a publicly traded company. We have taken profits in the …
Continue readingBack on Feb 10th, following KO’s Q4 results, we placed a short term bearish trade as we felt the stock’s gains of 3% on the results delivered was unwarranted. A month later the stock was …
Continue readingTwo weeks ago we placed a trade in the Chinese online travel site CTRP. The trade itself was a simple put purchase, close to the money. The idea at the time was to look to spread …
Continue readingChinese travel site CTRP reports earnings after the bell tomorrow. We have a bearish trade on in the name that we initiated back on March 4th : Trade: CTRP ($45.99) Bought March 45 puts for 1.95 …
Continue readingEarlier (below) I closed the March 65/67.50 call spread that I entered nearly one month ago in Macy’s. The original trade was to express a bullish view into the company’s Q4 earnings. As I stated in …
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