MorningWord 11/05/12: As good as the bulls felt about Thursday’s 1% equity rally, they must have felt a tad worse about Friday’s reversal of the gains. While Thursday felt a bit like a giddy, “Holiday …
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Trade Update Nov. 2, 2012 at 10am: With SBUX up nearly 10% on a beat last night, I am going to take the opportunity to close the Call Fly I bought yesterday for more than …
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MorningWord 11/02/12: Yesterday in this space I suggested that the after-market session was likely to be a bit more exciting than the day session with the likes of LNKD, SBUX and PCLN reporting, all with …
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After taking a long hard look at SBUX into tonight’s print, I come to the conclusion that it is kind of hard to press the short given the current set up. While some of the competitive data …
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Event: SBUX reports fiscal Q4 earnings tonight after the close, the options market is implying about a 5.3% move on earnings* vs the 4 qtr avg move of about 5.6%. *the Nov 2nd weekly 46.50 …
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MorningWord 11/01/12: Yesterday’s trading felt a bit like the day after Thanksgiving, or Christmas Eve, few participants, light volumes and whippy action (less the holiday cheer of course). If you missed it most of the …
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Readers of our site should be very familiar with our belief that we do not subscribe to the notion that the Fed’s latest round of quantitative easing, focused on MBS will magically trickle down to consumers in the form …
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Back in late July I took a perfectly well conceived idea in SBUX on the short side and F’d it up hours before their Q3 earnings. I settled for a small gain prior to the …
Continue readingTrade Update July 26th, 2012 at 2:25pm: SBUX reports their fiscal Q3 earnings tonight after the bell, the options market is implying about a 6% move which is well shy of the 3.33% average move …
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Here is a quick preview of what I will be discussing on Options Action tonight on CNBC at 5pm eastern: On the heels (pun intended) of my recent success short in NKE, I want to …
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