MorningWord 10/21/13: When I started in this business in the mid to late 1990s the notion of getting a “double” in a stock was something that the old timers told me told me could be …
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Call activity picked up again (CBOE put/call back down to 0.85) as traders reached for upside. QQQ – Trader bought over 70k of the Dec13 81 calls, paying 1.43 on average. QQQ hit a new 10 …
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AAPL’s earnings move higher has taken the stock back above the $435 pivot level. The bull/bear arguments are similar. Bulls point to the capital return strategy, attractive valuation, and business stabilization, with potential second-half catalysts …
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The tech sector was the strongest today, and call buying was concentrated there. QQQ – Technology has been a strong outperformer this week, and QQQ made a new high today. The June 71 calls traded over …
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Another nothing day in the major indices but some fun things happening in individual names with AAPL’s break below 500 now a reality and investors’ shrug off of the Facebook announcement. Here are the options …
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MorningWord 12/31/12: The New Years Eve trading session is normally a bit of a quiet session with not a ton relevance, but today, with just six and a half hours left to trade in 2012 …
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MorningWord 12/28/12: You guys have heard us say it on many occasions, timing isn’t everything when it comes to trading, but it sure is pretty important. Three weeks ago I felt the way to play …
Continue readingTrade Update Dec 27th, 2012: With the market down on a combination of year end selling, weaker than expected holiday sales and fiscal cliff shenanigans, I’m going to take the chance to get out …
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When I initiated this bearish position in the QQQ (below) almost 3 weeks ago, my sense was that AAPL would continue to flounder, and eventually break the mid November low, and ultimately some other large cap tech components of …
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The euphoria around AAPL’s stock has clearly broken, the rose colored glasses that so many investors and analysts have worn for so long, no longer offer the same orgasmic hue. Institutional investors have been hip …
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