By now you have probably heard and read plenty about the phantom account scandal at Wells Fargo (WFC), the company’s firing of 5,300 workers and the subsequent $185 million fine by regulators. It’s entirely possible that …
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Here is some decent size apparently directional options trades in sector etfs that caught my eye in today’s trading: XLF – rate sensitive stocks are getting nailed today despite the 10 year yield trading at the …
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Since I entered the business in 1997, I have experienced several significant financial market booms and busts. Asset bubbles inflating, over-inflating, then popping and overshooting on the downside. Since 2000, the largest public equity market …
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Apple (AAPL): On Friday’s Options Action on CNBC we took a look at the implied earnings move in Apple (AAPL) Prior to its fiscal Q3 report due tomorrow after the close. Watch our discussion here: At the …
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Regular readers are familiar with my views on bank stocks (from April here and early June here). Given the weakness of most into and out of the Brexit vote late last week we took the opportunity …
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Back in early April I laid out my bearish view on U.S. banks stocks (XLF – Bank Shot), It was largely based on comparison to the price action of their European peers, and the reasons …
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As we mentioned in the update to the FXI calendar, our intentions on calendar trades is often simply to buy time. Ideally we see the stock we’re targeting drift around, and maybe slowly approach our …
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While the boarder market seemed determined to march in a straight line back towards the highs over the past few months, we made sure that many of a short biased trades could withstand a few …
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Q1 earnings season is off to a sort of meh start. Last week, bank stocks rallied off of very low expectations, poor relative performance and results that were good enough to cause a bit of …
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Earlier in the week I had some thoughts on the performance of bank stocks both here and abroad, specifically the very poor performance over the last month in Deutsche Bank (DB) equity and credit (Big Printin’ …
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