On Friday, shares of Chinese search behemoth Baidu (BIDU) closed up 5% on the day (after being up 8%) as a result of the company’s Q1 results and better than expected revenue outlook. Today BIDU is down 7.5% on …
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Last night on CNBC’s Fast Money, the group of equity-centric buffoons, of which I am most certainly one, had a short discussion of the impact of negative interest rates on large banks, and specifically Jamie …
Continue readingAnnouncement: CC and I will be co hosting a live webinar this Monday for the Ticker District with my Options Action co-panelist Mike Khouw. We’ll be talking about options and event risk in particular and …
Continue readingTime Warner (TWX) reported Q3 results this morning and issued forward eps guidance for 2016 that was below expectations, the stock is down 7% (was down 10% at its lows). Lowlights from Bloomberg: Prior to …
Continue readingYesterday we closed a GOOGL put fly for a small profit. We had placed the trade when the stock was at 700 with the though that a consolidation or slight pull back would mean the …
Continue readingBack on May 12th (read here) we took a contrarian view on beaten up utility Southern Company (SO). Here was the trade & rationale:
Continue readingWe will keep plugging away at this one. First things first, we have been long (and recently) wrong in Twitter (TWTR) in some shape or form since the spring, but we have used options to help manage the risk. …
Continue readingYesterday (read below) I made the case that options prices on a directional basis were just too low heading into this morning’s Q2 earnings print for XOM. I expressed that view in a one day …
Continue readingEvent: Exxon (XOM) reports Q2 results tomorrow morning before the open. The options market is implying about a 2% one day move, which is actually shy of the 4 qtr avg of just less than …
Continue readingWhat a difference a year makes. It was about a year ago that I last wrote about Joy Global, the manufacturer of mining equipment. (read here). At that time I was detailing some bullish call …
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