2015 started with the promise that lower oil might heal the ills in our low growth economic recovery. This has obviously not been the case in many sectors, and particularly in our consumer led economy with …
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If your Christmas clean up was like mine, it consisted of breaking down Amazon.com boxes. Ten years ago when I started as a Prime member, my wife and I didn’t say a word to anyone …
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On September 24th we made a bearish bet in UAL by using a diagonal put calendar. The intention was to own more short deltas than a typical calendar (like the PYPL trade we just closed.) …
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The jury is still out on whether the collapse in oil prices that started in mid 2014 has actually had a net benefit to the global economy as it’s still possible the crash preceded what …
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In Quick Hits earlier I highlighted a large bullish roll in shares of United Airlines (UAL): This rolling activity was very prevalent in the run up of airlines stocks from their October lows to the …
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Here is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1.UAL – when stock was 61.18 a trader paid 5 cents for 10,000 of the May 95 calls to open. Break-even is …
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A couple of weeks ago we wanted to make a near term defined risk play that the slightest bit of stabilization in the price of crude oil would cause a sharp reversal in airline stocks. …
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UAL, up from $40 in October to nearly $70 into its recent earnings has certainly commanded our attention. We get the reasons why investors continue to bid up Airline shares, but don’t exactly agree with said …
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Yesterday, I outlined my bearish thesis for United Airlines (UAL) going forward, and wanted to wait for this morning’s Q4 report before expressing the view. With the earnings and guidance out, and the stock up, …
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The first reaction to Ebay EBAY’s Q4 report and disappointing forward guidance last night was a quick 5% decline. That was until headlines hit that activist investor Carl Icahn (who set his sites last year …
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