AMZN ($190)--Update on Trade Below. Event: Company reports their Q4 results tonight after the close. -the options market is implying about a 10% move vs the 4 qtr avg of about 7.9% -The … [Read more...]
Trade Update AMZN: Report Q4 After the Bell, Our Preview & View on Feb Weekly/March Calendars
12:26 pm EDT - January 31, 2012 By Dan
Data Roundup
11:28 am EDT - January 31, 2012 By CC
This morning saw three data points that put a dent on what looked like a positive morning in the markets. Reuters Home prices fell more steeply than expected in November, and consumer confidence … [Read more...]
What’s the Story?
8:53 am EDT - January 31, 2012 By CC
Yahoo S&P futures vs fair value: +5.50. Nasdaq futures vs fair value: +10.50. Stock futures continue to trade with moderate strength. The morning's first dose of data has had little impact on … [Read more...]
Options Education: Ask Us Anything
It's a slow day so I thought I'd post some Q&A. I'll leave the comments open on this post for any further questions that may have been bugging you. We'll do our best to answer. Remember, we're not … [Read more...]
What’s the Story?
9:14 am EDT - January 30, 2012 By CC
Marketwatch German Finance Minister Wolfgang Schaeuble said in an interview with The Wall Street Journal on Monday that Greece must take the necessary steps to get its economy and finances in … [Read more...]
MorningWord 1/30/12
8:37 am EDT - January 30, 2012 By Dan
MorningWord 1/30/12: As I write at 9am, the S&P futures are down about 90bps, marking one of the lowest pre-market readings of the year and also signaling what will likely be the first print for … [Read more...]
Trading Diary: Jan 23rd to Jan 27th
8:56 pm EDT - January 29, 2012 By Dan
Last week saw a one of the smallest week on week price movements for the SPX in a long while. The index closed less than a point from the previous Friday's close, and saw intra-week movement pick up … [Read more...]
GMCR: Report fQ1 on Feb 1st, Could Be Lining up Similarly to NFLX
3:39 pm EDT - January 27, 2012 By Dan
Here is a quick little preview of what I am going to be talking about tonight on Options Action on CNBC at 5pm: GMCR ($52.60) reports their fiscal Q1 Wed Feb 1st after the close. -Implied move … [Read more...]
What’s The Story?
9:24 am EDT - January 27, 2012 By CC
Yahoo Stock futures have pulled back in response to the advanced reading on fourth quarter GDP. Data showed economic growth of 2.8%, which is less than the 3.2% clip that had been widely expected to … [Read more...]
MorningWord 1/27/12
9:05 am EDT - January 27, 2012 By Dan
MorningWord 1/27/12: I am gonna go out on a limb and suggest that Mr. Bernanke had a sneak peak at this morning's Q4 GDP reading that came in weaker than expected (forecast for 3%, actual 2.8%) … [Read more...]
SBUX: Q1 Preview, Implied Move and A Way to Fade
3:19 pm EDT - January 26, 2012 By Dan
SBUX ($47.80) - report their fiscal Q1 after the bell. -Options market is pricing about a 4% move which is rich to the 4 qtr avg move of about 2% and the 8 qtr avg of about … [Read more...]
Trade Update GS: Closing Feb 110/115 Call Spread for 4x Original Premium Paid
2:24 pm EDT - January 26, 2012 By Dan
Trade Update Jan 26th, 2012 at 2:24pm: With GS up 10% since buying the Feb 110 calls on Jan 13th at 1.15, and then spreading them into a Call Spread on Jan 18th by selling the Feb 115 calls at .75 … [Read more...]
3rd Update NFLX: Closed Jan/Mar 115 Call Calendar For More Than A Double
9:41 am EDT - January 26, 2012 By Dan
3rd Trade Update Jan 26th, 2012 at 10.26am: With NFLX trading $116.50 I closed the second half of my Calendar at 8.20, so an average price of 7.83 , or a $4.68 gain. I am going to take the money and … [Read more...]
What’s the Story?
9:16 am EDT - January 26, 2012 By CC
Yahoo Stock futures continue to trade with modest strength following a couple of doses of data. Durable goods orders for December were up 3.0%, which is greater than the 2.0% increase that had been … [Read more...]
MorningWord 1/26/12
7:46 am EDT - January 26, 2012 By Dan
MorningWord 1/26/12: If the Fed's intention by signalling that interest rates would remain low until late 2014 (previous target was sometime 2013) was to encourage investors to buy riskier assets, … [Read more...]
MorningWord 1/31/12: VIX Hedging
MorningWord 1/31/12: Yesterday's opening blip, down ~1% was just that, a blip as the SPX spent most of the rest of the day drifting back towards unchanged. Investors fears of the Euro Summit not … [Read more...]