MorningWord 7/28/15: $UPS Delivers


On Friday's Options Action on CNBC, my co-panelist Carter Worth laid out a very convincing bearish technical take on shares of UPS, watch here: In Carter's opinion, there are three charts to look … [Read On]

Name That Trade(s) – $F: Live Transmission


Event: tomorrow before the open Ford (F) reports Q2 results. The options market is implying about a 4% one day move which is rich to the 2% average over the last 4 qtrs.  With the stock at $14.43 the July … [Read On]

New Trade – $JOY Division

Joy mining_jpeg_475x310_q85

What a difference a year makes. It was about a year ago that I last wrote about Joy Global, the manufacturer of mining equipment. (read here). At that time I was detailing some bullish call activity the … [Read On]

Trade Update – Spreading $SLB puts


Last week, into Schlumberger's earnings (SLB), we placed a calendar put spread that looked to fade the earnings move but set up for further weakness afterwards if crude oil continued its decline. Here was … [Read On]

New Trade $QQQ: A Few Good Ten


You guys know the drill here, the Nasdaq 100 (QQQ) is heavily concentrated by the top 10 holdings, making up 50% of the weight and equaling $2.75 trillion in market cap.  While last Friday's 16% rally in … [Read On]

Name That Trade – $SBUX: Tall Drip


Event: SBUX reports fiscal Q3 results tonight after the close. The options market is implying about a 4.25% one day move tomorrow which is basically inline with the 4 qtr avg of about the same.   … [Read On]

Name That Trade(s) – $AMZN Primed


Event: AMZN reports Q2 results tonight after the close, the options market is implying about a 10% one day move which is a tad shy of the 4 qtr avg move of 11.5%. Price Action / Techncials: AMZN's 100% … [Read On]