We’ve decided to take this FB trade off after playing the roll game for the past few expiries. At this point, the October 38 call that we’re long doesn’t have much optionality left, so we’d …
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Selling the weekly 40’s worked well this week and made back the loss from gamma last week in the form of decay this week (about 30c.) With the long holiday weekend on the horizon and …
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Pressing our luck on the 38 line cost us a little money today as the FB ripped higher on an upgrade note from JPM. Bad timing on the weekly expiration. We’re going to stay in …
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In the last few weeks the underlying themes on the global macro front have been that Europe may finally be out of the woods, China is not headed for a hard landing and the U.S. …
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About a month and a half ago, Dan initiated a longer term bullish BBRY trade that looked to take advantage of weakness in the stock to establish a structure (below) that could be profitable to …
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Earlier this morning I discussed the massive volume that accompanied the 40% rally in the last week in FB (below), but suggested that the subsequent spike in Implied Volatility was likely to moderate in the …
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QCOM reported their Q2 results last night after the close that beat street consensus and came in near the high end of their previous guidance. While Q3 guidance came in a tad light to consensus, …
Continue readingWe placed a bet on CAT a week ago (below) where we wanted to position ourselves for continued weakness into its earnings event on July 24th. We gotten that weakness, with a little help from …
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Jim Chanos just hit the tape with his latest “Pick to Click”, Short CAT. Here’s the rundown from Business Insider: And the famed short-seller’s next victim is… Catterpillar Inc. WHY? The global commodities super cycle …
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MCD is lower today on a downgrade from Buy to Neutral at Janney Montgomery. The analyst cited franchise surveys results for the new estimates. We have a position on in July that will expire this …
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