Event: Toll Brothers (TOL) reports their fiscal Q3 results tomorrow before the open. The options market is implying about a 4% one day post earnings move, which is shy of the average move following the …
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Yesterday in this space we addressed the question on most investor’s minds. Was the reversal in global equity markets late last week the start of the sort of V reversal that we have become so …
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Toll Brothers (TOL) reports their fiscal Q1 results tomorrow morning prior to the open, the options market is implying about a 3.8% one day move which is basically in line with the average over the last …
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Last night the SPX notched a new all time high, and as of this morning, almost 40% of the S&P 500 have reported calendar Q2 earnings, registering year over year growth of 5.6% (so far), …
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It seems that for every day that the SPX makes a new all time high, a new potentially significant divergence emerges. Gains in the Housing market, long thought to be a pillar of the recovery, …
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Macro instruments continued to dominate options trading volumes, with few traders focusing on single name options. 1. VIX – The VIX closed at its lowest level since January 23rd, moving about 30% lower from its February …
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MorningWord 12/10/13: TOL reported fiscal Q4 results that were better than expected and offered a mixed tone about the existing environment in their earnings release: “In our fourth quarter, the impact of those price increases, …
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2nd Trade Update Oct 10th, 2013: With IBM bouncing 2.5% from Tuesday’s 20 month lows, the calls that I own (below) in next week expiration have appreciated by almost 50% in that same time period. …
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With IBM down almost 1.5% since opening an Oct weekly/regular call calendar (below) yesterday, I am going to cover the short leg of the spread that expires Friday and look to turn into a vertical …
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About a month ago we took a look at IBM and determined that the technical set up, the current fundamentals, the commentary from peers and most importantly the sentiment might have been so bad that …
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