Event: Cisco Sytems (CSCO) reports fiscal Q1 results tonight after the close. The options market is implying about a 5.5% one day move tomorrow, which is rich to the 4 qtr average of about 4%, …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was Nov 2nd to Nov 6th.
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Trade Update: On Friday I closed the Oct/Nov 500 Call Calendar that I was long for more than a double and rolled a portion of the proceeds into a Oct 25th / Nov 1st 515 …
Continue readingTrade Update July 19th, 2013: Given FB’s recent ~14% rally off of the June lows, and the stocks weakness this morning in sympathy with GOOG’s cpc results, I am going to close the July / …
Continue readingTrade Update March 18th, 2013 at 11:30am: Since initiating the April / June Put Calendar (detailed below) on March 8th, TOL hsas fallen about 4%, and the spread is basically unchanged. While this may sound like a …
Continue reading3rd Trade Update Jan 15th, 2013 at 2:51pm: Since buying the QCOM Jan13 62.50/65 call spread in mid Dec when the stock was below $60, the stock has rebounded nearly 7% and recently made new multi …
Continue readingWe don’t have this trade on anymore because we were doubled up with trades in the name (read history below) and closed it for a small profit, but our plan was to paper trade out …
Continue readingTrade Update Dec 20th, 2012 at 10:04am: With JOY straddling the 62.5 strike, and one day until expiration, the calendar is worth more than a double from what I paid last week prior to its …
Continue reading2nd Trade Update Dec 18th, 2012 at 11:30am: Since buying the QCOM Jan13 62.50/65 call spread Friday afternoon when the stock was below $60, the stock has rebounded nearly 5% filling in the entire gap …
Continue readingTrade Update Dec 17th: 11:54am After getting a little geeked up on QCOM’s sell off on Friday, and trading 2 different bullish structures, I’m going to take advantage of today’s 3% rally to close the call calendar and …
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