A week that was already scheduled to be newsy with a ton of Q2 earnings, a much anticipated Q2 GDP print, and the FOMC’s press release, just got a heck of lot newsier. This morning’s …
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On December 4th we closed a bearish put fly (expiring in December) in Zillow for a double. Here was that trade: ACTION – Sold to close the Z ($71.65) Dec 80/65/50 put butterfly at 7.20 …
Continue readingZillow has been wild since we put on this bearish Put Fly (below) trade on but it’s been consistently lower highs and lower lows to this point. With only a few weeks left until expiration …
Continue readingZillow has had a wild ride this morning following its better than expected earnings results last night. The stock put in its high of the day on the open which coincided with its 50 day …
Continue readingEarlier today Enis previewed Z’s Q3 results expected after the close (below) where he concluded: Without any strong fundamental backing, and little in the way of a competitive moat, we are not optimistic on this …
Continue readingI know lately we sound a bit like a broken record with some of these high-flying momentum names but while day-traders are having a field day with the volatility, both up an down, we are …
Continue readingPerhaps most interesting to me has been the reactions of the social media stocks to earnings so far this quarter. While the largest internet companies (GOOG and AMZN) soared after decent numbers, the momentum leaders …
Continue readingMorningWord 10/8/13: Yesterday’s weakness in U.S. equities was fairly orderly for most of the day, and in some ways a tad predictable, until the last hour. At 2pm it looked as if the SPX …
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