Event: Micron (MU) reports fiscal Q2 results tonight after the close. The options market is implying about a 10% one day post earnings move which is rich to the 4 qtr average move of about …
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If you don’t follow Dana Lyons on Twitter you should. The guy tweets some thoughtful analysis of technical and market sentiment without a whole heck of a lot of bias. This morning Dana posted a chart …
Continue readingEvent: Micron reports their fiscal Q4 results tonight after the close. The options market is implying about a 9% move, with the stock at $14.55, the Oct 2nd 14.50 straddle (the call premium plus the …
Continue readingEvent: MSFT reports fiscal Q4 results tonight after the close. The options market is implying about a 5% one day move which is essentially inline with the 4 qtr avg one day move of about the …
Continue readingPrior to last night’s report from the WSJ that government owned Chinese company Tsinghua offered to pay $21 a share ($23 billion) for Micron (MU), the stock had declined 50% from its 52 week highs …
Continue readingHere is some generally directional, untied options activity that caught my eye during Monday’s trading: 1.. MU – The stock continues its ytd implosion, down almost 4% today, marking a 30% decline over the last …
Continue readingHere is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. WMT – made a new intra-day 52 week low and is quickly approaching massive long term support at $70. When the …
Continue readingI am not sure I can be any vocal about this but as a group, the technicals of Technology stocks looks downright nasty. In the last two weeks we’ve seen poor reactions to worse than …
Continue readingHere is some generally directional, untied options activity that caught my eye during Friday’s trading: 1. BHI – saw a large opening put buyer when the stock was 61.58 a trader paid .90 for 11,500 of the Oct …
Continue readingHere is a quick recap of trades that we initiated, closed, or debated in the week that was June 22nd to June 26th:
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