Event: FDX reports its fiscal Q4 earnings tomorrow morning prior to the open. The options market is implying about a 2.75% one day move, which is above the 4 qtr avg of about 1.75% and in …
Continue readingMorgan Stanley
Back in Late January when EBAY was just shy of where it is now, we made a defined risk Bullish bet that continued pressure from activist investor Carl Icahn would help propel the stock to …
Continue readingEvent: FDX reports its fiscal Q3 earnings tomorrow morning prior to the open. The options market is implying about a 3.25% one day move, which is right around both the 4 qtr avg of about …
Continue readingEvent: ORCL reports its fiscal Q3 earnings today after the close. The options market is implying about a 4.5% one day move, which is below the 4 qtr avg of about 6.25%, but in line with …
Continue readingWith the help (agitation) of activist investor Carl Icahn, EBAY is up 9% on the week, making new 9 year highs and quickly approaching the all time highs made in late 2014. While EBAY’s …
Continue readingEBAY hit its highest level since late September this morning after Carl Icahn criticized EBAY’s board in a letter to shareholders, continuing to push for a spin-off of PayPal, as he first stated in January. …
Continue readingEarlier today we closed a winning bullish trade that was positioning for some sort of activist interest after a disappointing quarter and guide (see our commentary below). Now with both out of the way, we …
Continue readingEBAY is higher this morning following its earnings release and the news of some activism from Carl Icahn that we’ve been anticipating for some time: In late November I wrote that a piece titled “EBAY Looking …
Continue readingWe have made the argument on more than one occasion in the last few months that EBAY could be ripe for an activist picking (as recently as Jan 14th – New Trade $EBAY: eBAIT and back in …
Continue readingOn a few occasions last year we took a shot on the long side on EBAY (here). The stock remained range-bound for most of the year between $50 and $58. There was money to be …
Continue reading