Intel (INTC) reports their Q1 results after the close. The options market is implying about a 4.5% one day move, with the stock around $31.60, the April 17th weekly 31.50 straddle is offered at $1.40, if …
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Trade Update April 18th, 2013 at 3:30: This one is coming down to the wire, and in long premium options trading your PnL does not score any points for almost catching a last minute …
Continue readingTrade Update April 17th, 2013: With GS down ~7.5% from its Monday morning highs prior to their Q1 earnings report, and down ~5% since I initiated my bearish Put Spread in May expiration nearly a month ago, I …
Continue readingI have been reminded on more than one occasion by my friends on CNBC and in the Twittersphere that my market call has basically been flat out wrong for nearly 2 months. We have done our best …
Continue readingTrade Update April 16th, 2013, 10:47 am: Since I initiated this short-biased trade on Yahoo a few weeks ago, the stock is up about 2%. Yahoo reports earnings after the close today, so I have …
Continue readingIn my Name That Trade post last month, I pointed out the large divergence between MON stock and commodity grains prices to start 2013. This is what I wrote then: Monsanto’s bread and butter business …
Continue readingAlmost 3 weeks ago I bought a May put spread (below) in GS in front of what I thought would be an increasingly volatile couple months for equities in general, and a seasonally tough time …
Continue readingHere is a quick summary of what I will be discussing tonight on Options Action on CNBC at 5:30pm: FB’s Home announcement yesterday got me thinking a little bit about how Zuck plans to play …
Continue readingTrade Update Apr 2nd, 2013: Since initiating this bearish position, MSFT is up 2% in the last 2 weeks, I am now going to be a bit undisciplined and average into my position as I see no fundamental …
Continue readingTrade Update April 2nd, 2013 12:47 pm: BBY has had a quick pullback in the past week, though in the context of its strong up move, the 7% move lower is not that significant. However, …
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