2nd Trade Update Dec 16th, 2011: With Citi up a little less than 2% and more than half the trading day to go I am going to close the balance of this put spread at .65 for …
Continue readingMS
Trade Update Dec 14th, 2011: Citi is down about 7.5% since buying the Dec 27/25 Put Spread for .43 last Thursday. I am now going to sell half of this Put Spread at .78 with …
Continue reading2nd Trade Update Dec 14th, 2011 at 9:55am: With MS down almost 1% with the stock around $15.00 I am going to sell half of my existing position at .65 (paid.20 with this spread, sold …
Continue readingTrade Update Dec 12th, 2011 @ 9.54am: With MS down about 10% since putting on this Dec Put Spread I can now sell this spread for .45, more than double what I paid. You guys …
Continue reading
Last week I laid out the case for Shorting DB into this week’s ECB meeting and EU Summit, but wanted to wait until I got a sense for expectations and where the markets were as …
Continue reading
As I stated in the “Morning Word”, DB is down about 2.00 in the pre-market on investors disappointment with ECB chief Draghi’s failure to instill confidence that the central bank will continue to buy European …
Continue reading2nd Update Nov 23, 2011 at 10:55am: With MS and BAC both down about 30% from their Oct highs and not far from their early Oct lows, I want to manage these positions. Back in …
Continue readingUpdate Oct 31st, 2011 at 3:43pm: With MS down almost 8% (at 17.77 ) since putting this trade on Friday afternoon, I can now sell the spread for .40 (paid .20). I am going to …
Continue reading
Last week as detailed in the previous post “Weekender” was a one way street for making money from a macro level…..At the moment I am a bit more focused on the micro and have decided …
Continue reading
Here’s a trade I’ll be talking about on Options Action tonight: NEW TRADE MS: Well, I clearly got the direction wrong this week, but with some of the trade management (below) I was able to …
Continue reading