Yesterday, cloud computing vendor Workday (WDAY) held an analyst meeting, and the stock’s 5% decline today reflects investors disappointment. Let’s first get a sense for where the stock is and where it has been and …
Continue readingWDAY
In late June we placed a trade looking for cloud based human resource software provider WDAY to find support around the 80 level after a selloff. Since that time the stock failed at that 80 …
Continue readingHere is a quick recap of trades that we initiated, closed, or debated in the week that was June 22nd to June 26th:
Continue readingIn late May I took a look at cloud based human resource applications provider Workday (WDAY) prior to the company’s Q1 earnings report, and concluded the following: the problem with WDAY is two fold, an …
Continue readingEvent: Infrastructure Software maker Splunk (SPLK) reports their fiscal Q1 results tonight after the close. The options market is implying about an 8% one day move, which is shy of the 4 qtr avg of …
Continue readingEvent: Workday (WDAY) reports Q1 results tonight after the close. The options market is implying about a 7% which is rich to the 4 qtr avg move of about 4.4%.
Continue readingEvent: ADBE reports its fiscal Q3 earnings on Tuesday, Sept 16th after the market close. The options market is implying about a 5.25% one day move, which is below both the 4 quarter average of about …
Continue readingWe have been holding our ADSK put spread (initial post from early July below) for the past week, since the stock had remained below the $55 resistance level as well as the 50 day moving …
Continue readingNearly a month ago, we took a shot from the short side on ADSK, one of the many cloud/SaaS companies that had been at the center of the volatile price action in momentum stocks in …
Continue readingAutoDesk has been one of the beneficiaries of the Software-as-a-Service investor phenomenon. Investors have paid up significantly in valuation terms for stocks like ADSK and ADBE, which have shifted from a one-time software sale model …
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