WSJ Well, that wasn’t pretty. Stocks slid right off the opening bell, and then proceeded to continue its descent right into the closing bell, bringing a fine October rally to an ugly end. In the … [Read more...]
Update: New MS Trade and Some Updated Thoughts on the Brokerage Sector
3:41 pm EDT - October 31, 2011 By Dan
Update Oct 31st, 2011 at 3:43pm: With MS down almost 8% (at 17.77 ) since putting this trade on Friday afternoon, I can now sell the spread for .40 (paid .20). I am going to stick to my play book and … [Read more...]
MorningWord: 10/31/11
8:21 am EDT - October 31, 2011 By Dan
MorningWord: 10/31/11: As I write at 9.20am, the headlines read like a horror show as it relates to the ability of European leaders to get funding for last weeks proposed bailout......The Euro is … [Read more...]
Trading Diary: Oct 24th – Oct 28, 2011
Last week as detailed in the previous post "Weekender" was a one way street for making money from a macro level.....At the moment I am a bit more focused on the micro and have decided not to battle … [Read more...]
Weekender
6:09 pm EDT - October 30, 2011 By Dan
Last week was just one of those weeks where you had to join the herd, cover your eyes and put blind faith in generally in-effectual European Policy makers to make money from the long side. … [Read more...]
New MS Trade and Some Updated Thoughts on the Brokerage Sector
2:59 pm EDT - October 28, 2011 By Dan
Here's a trade I'll be talking about on Options Action tonight: NEW TRADE MS: Well, I clearly got the direction wrong this week, but with some of the trade management (below) I was able to … [Read more...]
Ask Us Anything (Well, Not Anything)
1:08 pm EDT - October 28, 2011 By CC
Dan and I answer alot of emails from subscribers looking for insight into our trading strategies and options trading in general. We're going to do occasional posts where we highlight some of these … [Read more...]
4th Update: Netflix (NFLX): Q3 Earnings Preview and New Short-Term Bearish Trade
11:50 am EDT - October 28, 2011 By Dan
4th Update Oct 28th, 2011 at 11:52am: With NFLX at 83.57 I am going to close out the last bit of this position at 8.40. I hope this was instructive to some of you to watch how I managed this … [Read more...]
MorningWord: 10/28/11
9:01 am EDT - October 28, 2011 By Dan
MorningWord: 10/28/11: "Where will all the martyrs go when the Virus cures itself? Were will all go when it's too late?" Billie Joe Armstrong, Green Day Last night I saw Green Day at a … [Read more...]
In Between Days: Bad Haircut
12:19 am EDT - October 28, 2011 By CC
Pragmatic Capitalism Let’s not sugarcoat tonight’s “resolution” – this is merely a temporary measure that will buy them more time to resolve the true cause of the currency crisis. Let’s … [Read more...]
Baidu (BIDU): Q3 Report Tonight and I Fade Another Tech High-Flier
10:40 am EDT - October 27, 2011 By Dan
BIDU ($137.50) Reports Q3 earnings tonight after the bell. -The options market is pricing in about a 12% move vs the 8 qtr average move of about 6%. -Wall Street analysts fairly one sided on the … [Read more...]
MorningWord: 10/27/11
8:19 am EDT - October 27, 2011 By Dan
MorningWord: 10/27/11: Well I guess all is right in the world again and if you had any questions that the rally off of the bottom earlier this month was not predicated on the hope of a compromise on a … [Read more...]
In Between Days: Grecian Formula?
11:41 pm EDT - October 26, 2011 By CC
Reuters Euro zone leaders and banks are close to reaching a deal on a 50 percent writedown for private bondholders on their Greek debt, an EU source said on Thursday. Negotiations at a summit … [Read more...]
3nd Update: Netflix (NFLX): Q3 Earnings Preview and New Short-Term Bearish Trade
3:41 pm EDT - October 26, 2011 By Dan
3rd Update Oct 26th, 2011 at 3;42pm: With the stock back at 80, I am going to sell half of my existing position at 4.75 (originally paid 2.30). Now I leave a qtr of my original position and will try … [Read more...]
2nd Update: Quick AMZN Trade Into Tonight’s Q3 Report….And Yes it is Bearish
9:31 am EDT - October 26, 2011 By Dan
2nd Update Oct 26th 2011: With AMZN down about 10% on the open, I am selling my Oct 28th weekly 225/215 Put Spread at 9.10 Update Oct 25th, 2011 3:50Pm; with the stock down 4.6% on the day I just … [Read more...]
MorningWord: 10/26/11
8:14 am EDT - October 26, 2011 By Dan
MorningWord: 10/26/11: Yesterday's 2% sell off in front of today's Euro Summit was probably the healthiest thing that could have happened as expectations for immediate positive results have at least … [Read more...]
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