A little more than a month ago, we highlighted the fairly simple inverse relationship btwn the SPX and the VIX (below) and how we saw things setting up in a not too different manner than …
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2nd Trade Update May 1tth, 2012 at 11:13am: with the stock down 3.7% today at $15 and down about 15% since putting this position on last month I sold the second half of this position …
Continue readingUpdate May 10th, 2012: JPM is lower by more than 6% after hours after an announcement that they will be taking a $2 billion trading loss from positions in their Chief Investment Office. Putting …
Continue readingThe corporate bond market is significantly underappreciated by the mainstream media. While stocks get all the attention, the U.S. corporate bond market is estimated around $7-9 trillion, by far the largest corporate bond market in …
Continue readingTrade Update May 8th, 2012: With the stock 15.73 I sold half at of the May 16/14/12 Put Fly that I paid .23 for on April 13th at .46. I Will let the other half …
Continue readingLast week the SPX closed down about 2% on the 5 day session, the worst week of 2012, so far, while the VIX is in the midst of it’s largest rally off of a low …
Continue readingHere is a quick preview of what I will be discussing on Options Action tonight on CNBC at 5pm: MS reports their Q1 on Apr 19th before the market opens. Implied move about 4.7%, vs …
Continue readingThe XLF is up about 20% YTD with many of it’s large components up a good bit more so far in 2012. Seven of the top 10 largest members of the index report Q1 earnings …
Continue readingOK, bear with me here as this is a bit of a long one, I am on a 4 hour flight and have a little time so I thought I would go into some detail …
Continue reading3rd Trade Update Dec 16th, 2011 at 11am: Similar to Citi, holding the MS put spread, which is worth more than triple what I paid for it last week is a bit of market call and again I …
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