On last night’s Fast Money on CNBC, we had a fairly spirited bull / bear debate on owning the airlines. I was on the bearish team, watch here: I think both sides made some very …
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To state the obvious, Airline stocks have been the clear winner in the game of stock market roulette during this decline in oil. Stocks like AAL, DAL & UAL have risen 50% since their October Ebola lows. In hindsight, …
Continue readingWho would have thunk it – a 40 basis point sell off in the S&P 500 causes a 10% rally in the VIX. While the price action today in the broad market seems fairly orderly, …
Continue readingStock market volumes were anemic once again, even with the debacle surrounding the ISM release, which had to be revised midday after a faulty release at the scheduled 10:00 am release time. Options volumes were …
Continue reading1. YHOO – Right out of the gate this morning a trader bought 2500 March 37 puts for .85, something we have not seen a whole heck of a lot of during the stock’s recent ascent. …
Continue readingEven Warren Buffett, the perennial optimist, can hardly find anything positive to say about airlines. Some of his thoughts on the industry over the years: How do you become a millionaire? Make a billion dollars …
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