FB has remained near our $50 mid-point level of our long call butterfly trade. We discussed our decision in Thursday’s COO post, deciding to hold on to the trade. But with the trade structure a …
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MorningWord 11/4/13: If you have been tuned into the financial press over the last week there appears to be a bubble forming in labeling the U.S. stock market, well, a bubble. Usually the comment is …
Continue readingMorningWord 11/1/13: Facebook shares had a fairly volatile 24 hours. If the swings were in some lesser web 2.0 or perceived social networking stock like YELP or GRPN, I would most definitely not be writing …
Continue readingFacebook’s performance over the last 4 months has been absolutely remarkable, adding more than $60 billion in market cap in less than half a year. And really, most of the fundamental shift rested on a …
Continue readingPerhaps most interesting to me has been the reactions of the social media stocks to earnings so far this quarter. While the largest internet companies (GOOG and AMZN) soared after decent numbers, the momentum leaders …
Continue readingMorningWord 10/8/13: Yesterday’s weakness in U.S. equities was fairly orderly for most of the day, and in some ways a tad predictable, until the last hour. At 2pm it looked as if the SPX …
Continue readingEEM – options were extremely active today topping the most actives list with the largest trade being the sale of 111k of the March 43 Puts at .06 to close, vs buying 215k of the …
Continue readingXLF – as Dan mentioned yesterday in “Quick Hits”, there were large buyers of the March 18.50 and 19 calls. Today a block of 40K Apr 18 calls traded. Over 98K have traded on the …
Continue readingCNBC U.S. stock index futures pointed to a slightly lower open on Wall Street on Friday as investors took profits on Thursday’s gains fueled by mostly positive economic data. Brent crude futures have backed off …
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