Abbvie has made several attempts in the past month to break above the $50 level, which it first touched in late October. The company had good Hepatitis C Treatment data in Phase III results released …
Continue readingOriginal Post Nov
Zillow has been wild since we put on this bearish Put Fly (below) trade on but it’s been consistently lower highs and lower lows to this point. With only a few weeks left until expiration …
Continue reading
MCD has broken above the $99 level that was my mental stop in the put butterfly position that I initiated 2 weeks ago. At this point, the trade is a bit of a double whammy, …
Continue reading
IBM has fallen below our $180 mid-point for our put butterfly trade that we put on last week. The catalyst was Stan Druckenmiller’s presentation at the RobinHood conference on Friday, recommending IBM as a good …
Continue reading
Yesterday I thought about mentioning the fact that leaving the 73 call that at the time was no bid open left the possibilty that the stock could rally above that strike before today’s expiration and …
Continue reading
With QCOM’s analyst day come and gone, the stock is off its recent highs but not quite to the sweet spot of our weekly in-the-money fly (below). The idea for the trade was that the …
Continue reading
A few weeks a back I wanted to make a bullish play in AAPL heading into the holiday selling season. Since I bought the near the money Dec 525/550/575 Call Butterfly on Nov 1st (below), …
Continue reading
Earlier today (below) I highlighted what could be a developing technical set up in FB similar to what just occurred in TSLA over the last week or so, the dreaded “head and shoulders” top formation. …
Continue reading
After volatile after hours trading, PCLN has settled in, up around 4% on earnings. The stock is within our 990 / 1090 range that we targeted with our iron condor trade yesterday. While we think …
Continue reading
So this one has been a battle to say the least. I’m long the NKE Dec 95/92.5 put spread at a cost of 42c going into the earnings announcement and with only 1 day until …
Continue reading