Back in late April I initiated a bearish position (read here) in Intel (INTC) shortly after their weak Q1 results and Q2 guidance, along with similar from Texas Instruments (TXN) and Qualcomm (QCOM), here was …
Continue readingTXN
On April 21st Texas Instruments (TXN) issued disappointing Q2 guidance that sent the shares down nearly 7% the next day, per Barron’s Tech Blog: CEO Rich Templeton noted the forex problem and the areas of weakness: …
Continue reading
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 …
Continue reading
Almost a month ago we made a bearish trade in Micron (MU) expressing the view that the stock’s under-performance vs its peers was troubling for a prior market leader in the face of new highs in …
Continue reading
A couple weeks ago we placed a bearish trade in MU on the heels of some very bearish options flow into the SMH and what we felt was waning momentum and poor technicals in MU, …
Continue reading
This morning in my Notable Options post, I highlighted some pretty heavy put activity in the Market Vectors Semiconductor etf (SMH): SMH – saw bearish flow, when the Semiconductor etf was $55.64, a trader paid …
Continue reading
Options volumes remained very light, even in the index ETFs, which are now near the highs of the year. The chip sector was the most active in options, even as most chip stocks have already …
Continue readingTrade Update July 22nd, 2013: TXN reports after the close and with an adjustment to the initial calendar followed by the expiration of the short July puts we’re now left with a wash in the …
Continue reading
On Wednesday, prior to INTC’s Q2 report, I rolled up my bearish TXN position and moved it closer to August. With the July portion of the calendar expiring today and earnings on Monday we looked …
Continue reading
Last month, after TXN held their mid quarter update and lowered the mid point of their guidance range, I wanted to create a trade structure that would set up to own puts into the company’s …
Continue reading