We try to be a bit careful on drawing too many conclusions from unusual options activity as it’s nearly impossible to tell the initiating traders intent for the trade without intimate knowledge of the trader, …
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Event: Analog Devices (ADI) reports their fiscal Q3 earnings tonight after the close. The options market is implying about a 7% one day move which is more than double the 4 qtr avg of only …
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We have made a couple bearish trades in the semiconductor space in the last couple months, MU (here) and INTC (here). The main reason for the bearish stance has been the waning momentum in a group that …
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Less than two weeks ago when it felt like the bottom was falling out of large cap tech stocks, I made a defined risk bearish trade in MSFT with the notion that the dramtic weakness …
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Weakness in the Semiconductor sector today feels panicky. The sub-sector in tech had been a relative out-performer for most of the year, with the Philadelphia Semi Index (SOX) up almost 25% in mid September, trading …
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Broadcom has been a very dramatic under-performer vs the SOX and the broad market in 2013, down 16.5% vs INTC up nearly 21%, the SOX and the Nasdaq up nearly 35% each. The company is …
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This past weekend Barron’s profiled QCOM, a few days after its annual analyst meeting, with the title of the article echoing the conclusion of the author, “Qualcomm Ages Gracefully“, suggesting that “Qualcomm is still fit …
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MorningWord 6/3/13: Not sure why, but I wanted to title this post with a reference to a dog I debated using an oldie but a goodie “the sun don’t shine on a sleeping dog’s ass” …
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INTC ($21.70) Event: INTC reports Q1 earnings after the close tonight, the options market is implying about a 3.75% move for earnings, which is rich to the 4 qtr avg move of about 3.5%. Price …
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Event: INTC reports Q3 guidance tonight after the close. The options market is implying about a 4% move on earnings, vs the trailing 4qtr avg move of about 3%. The move appears to be oddly …
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