Back on October 10th we looked at Procter & Gamble and express eda bearish view with a December put butterfly targeting the 82.50 area. Here was the trade: *PG (89.25) Buy the Dec 90/82.5/75 put …
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On August 16th we positioned for a pullback in emerging market stocks after its 36% rally from its 2016 lows. Our thought process at the time was to sell near term puts in order to …
Continue readingNearly 55% of the S&P 500 (SPX) have reported calendar Q3 earnings so far. Here’s a quick scorecard with some projections from FactSet’s Earning’s Insight: Far from a disaster, as a whole, but the SPX …
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The other day I updated with some thoughts on our VIX trade and what polls to watch for further spikes in volatility into the election. Today I want to update that trade to take off …
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On more than one occasion over the last few days since Microsoft’s (MSFT) announcement that they are buying LinkedIn (LNKD) for $26 billion, Dan has offered some skeptical thoughts on the reasoning for such an acquisition (read here). …
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Yesterday we had some thoughts on Taiwan Semiconductor’s (TSM) Q1 earnings disappointment and what it might mean for the rest of the PC and Smartphone supply chain (Chips and Dips): This outlook should be concerning to …
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UPDATE 3/21/16: When I wrote this up on Friday I forgot to consider the fact that MCD shares go ex-dividend on May 27th, 2016, and if one was considering this sort of stock alternative strategy …
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In early October, following a fairly massive rally in equities from the September lows, we entered a long VIX trade with the idea market volatility was unlikely to abate anytime soon. Here was one of …
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The VIX is finally starting to take notice of the insanity of holding the debt ceiling hostage and the ramifications of going through the Oct 17th deadline. With the spot VIX over 20 today, our …
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With the market falling below its 50 day moving average and no clear end in sight out of DC, the VIX trade is now worth 75c. We’ll take this opportunity to take half off for …
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