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 …
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Back in late in Aug Enis and I bought a tight call butterfly (below) in XOM as the stock approached long term support above $86. The stock bounced a bit and we took profits in …
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The S&P 500 index makes a new high. Numerous divergences exist. The market continues higher, rendering those divergences meaningless. Eventually, there is a short-lived correction. The S&P 500 retests its prior high on a …
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Since we initiated the XOM call fly almost 3 weeks ago, oil rallied from near 104 to above 110, but XOM stock was unable to muster much of an advance. With oil’s 2% selloff today, …
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We initiated our call fly in SODA prior to earnings with the expectation for a beat coupled with a technical situation that indicated the 65 level as a potential magnet in the near term. Well, …
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We have a couple of in-the-money flies getting closer to expiration that I thought I’d give an update on and how we’re looking at them. IT’s an interesting comparison between the two as one is …
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SODA reports tomorrow morning before the bell so it’s a good time to look at the long biased trade we have on. To recap, here’s the structure: TRADE: SODA ($57.65) Bought Aug 55/65/75 Call Butterfly …
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SODA is a stock that we first highlighted in March, when we had a nice winner in the name. In May, I laid out the potential for a long-term breakout in SODA in my Name …
Continue readingThe price action in Sodastream over the past week has been an absolute battle around an important resistance level. The stock rallied into its earnings number, reported earnings yesterday morning, sold off after the report …
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Earlier today (below) we previewed a few high short interest names that were set to report earnings this evening. Of the names that we looked at, GMCR stuck out to me as the one that …
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