MorningWord 10/16/12: On numerous occasions in the last few weeks we have highlighted the weakening momentum among previous market leaders. The jury is still out on whether we have just seen a bit of profit …
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MorningWord 10/15/12: Last week at their annual analyst meeting, Dollar Tree (DLTR) guided revenues to the low end of the previous range given in July. The stock got drilled, down about 12.5% in 2 days since …
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MorningWord 10/12/12: Yesterday’s action in U.S. equities was a fairly clear indication of declining momentum as many of the prior market leaders seem to be losing a little steam. The SPX and the Nasdaq opened up more …
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MorningWord 10/11/12: Last night, in his Too Many Options, Enis flagged a large options trade that caught me by surprise in NOK. Someone bought 44k of the Jan14 5 calls for .37, with a break-even …
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MorningWord 10/10/12: Last night YUM reported Q3 earnings that were better than expected, while revs were a tad light, but slightly raised FY2012 eps growth forecast from at least 12% to at least 13%. As …
Continue readingTrade Update Oct 9th, 2012: Two Months ago on Aug 10th, when I started to leg into the YUM Oct 62.50/55 Put Spread, my thought was that by this time, if my thesis was correct, the …
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European politicians took their usual place in the headlines this morning, as Angela Merkel visits Greece, and European finance ministers met last night, with no resolution on Spanish aid. Draghi’s pledge to “do whatever it …
Continue readingA theme we’ve latched on to in the past few weeks on the site is Chinese-focused demand weakness. On that theme, we’ve initiated FXI, TIF, and YUM put spreads so far, and will likely execute …
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This is a repost of an earlier trade that I will be discussing on tonight’s Options Action -Dan Original Post Aug 1oth, 2012: Earlier this spring/summer we were fairly well focused on shorting U.S. multi-nationals with a …
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Earlier this spring/summer we were fairly well focused on shorting U.S. multi-nationals with a good deal of revenue exposure to Europe, which proved to be a profitable endeavor. At this point in the cycle we are getting …
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