On Tuesday took at shot on a defined risk attempt at picking at top in CMG. I kept it simple just buying short dated puts playing for a quick reversal from the all time highs, …
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A little more than a week ago I initiated a bullish call calendar in CSCO with the idea that the stock would consolidate around the $23 level for a tad and I would look to …
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JPM has underperformed the broader market since earnings, but the broader market’s strength has made our pullback bet unsuccessful, as the stock is only down a bit since we initiated our put spread after earnings. …
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Trade Update: On Friday I closed the Oct/Nov 500 Call Calendar that I was long for more than a double and rolled a portion of the proceeds into a Oct 25th / Nov 1st 515 …
Continue readingCitigroup did indeed bounce this week after an initial drop on earnings, but it actually bounced quite a bit through our $50 call calendar strike. As a result, our gains on Oct decay didn’t realize, …
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A little more than 2 weeks ago we wanted to set up a defined risk bullish leaning trade that XOM would hold an important technical support level and bounce back to its 50 day moving …
Continue readingWe detailed our thoughts in today’s earnings cheat sheet in Citigroup. The key takeaway from that post was as follows:
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2nd Trade Update Oct 10th, 2013: With IBM bouncing 2.5% from Tuesday’s 20 month lows, the calls that I own (below) in next week expiration have appreciated by almost 50% in that same time period. …
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JPM has sold off ahead of earnings on Friday morning as the broader market has been weak all week. We initiated a JPM put diagonal on Oct. 4th (detailed below), and we’ve decided to take …
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With IBM down almost 1.5% since opening an Oct weekly/regular call calendar (below) yesterday, I am going to cover the short leg of the spread that expires Friday and look to turn into a vertical …
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