Almost two months ago I attempted to catch a falling knife by buying small cap nat gas play (below) that was making fresh multi year lows. At the time I was very clear about it …
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More than a month and a half ago we put on a bearish position in GLD with the thought that gold barely rallied as the VIX approached the highs of the year, and we would …
Continue readingTomorrow morning before the opening HD reports their Q3 results. The options market is implying about a 2.8% one day move vs the 4 qtr avg of about 3.25% and the 8 qtr avg of about …
Continue readingAfter a couple iterations of the original bullish CSCO trade from Oct 16th (below) I am going to now close the remaining position as we head into tonight’s earnings report. For my trade the the …
Continue readingPrior to AAPL’s fiscal Q4 results last week I sold an Iron Condor (sold an out of the money call spread, and a an out of the money put spread) in an effort to sell …
Continue readingYesterday I sold half of my long Nov Call position in CSCO (see below) locking in some gains on the stock’s recent rally, and I am now going to spread the balance by selling a …
Continue readingAlmost 2 weeks ago when CSCO bounced off of key technical support I doubled down on my long call position when the stock was 4% lower, but the calls that I bought have now appreciated …
Continue readingFB has remained near our $50 mid-point level of our long call butterfly trade. We discussed our decision in Thursday’s COO post, deciding to hold on to the trade. But with the trade structure a …
Continue readingWe put the EBAY structure on about 2 weeks ago with the thought that EBAY would likely be range bound after earnings given the technical support around $50, but the poor fundamental outlook after a …
Continue readingAs I stated in our quarterly preview (below) and the Name That Trade post from earlier this afternoon (here), the Sept 23rd statement from the company suggesting that revenues and gross margins will be at …
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