Here is a quick recap of all of the trades that we initiated, closed or expired in the week that was Sept 24th to Sept 28th: … [Read more...]
Facebook (FB): Levered Overwrites Look Attractive for Zero Cost
2:09 pm EDT - September 28, 2012 By Dan
Here is a quick preview of what I will be discussing tonight on Options Action at 5pm on CNBC: Since FB's IPO, I have not bought a share of the stock, I am not a user of their product and generally … [Read more...]
Chart of the Day – SPX vs. Crude Oil Correlation
1:40 pm EDT - September 28, 2012 By Enis
The recent 10% decline in crude oil after the QE3 announcement caught everyone's attention with the speed of the decline. Though stocks have pulled back, they are still near the highs of the year, … [Read more...]
Trade Update NKE – Taking My Gains on The Put Calendar
11:01 am EDT - September 28, 2012 By Enis
Trade Update Sept. 28th, 2012 at 11:00 am: Given that the news is out on NKE, I'm going to take the gains and move on from this trade. With the Oct / Nov calendar, it is going to take a lot of … [Read more...]
What’s the Story
9:17 am EDT - September 28, 2012 By CC
Bloomberg Consumer spending in the U.S. barely rose in August after adjusting for inflation, showing the economic expansion is struggling to gain momentum. Household purchases rose 0.5 percent, … [Read more...]
Enis’s Macro Wrap – News Flash!!! NKE Says China Slowing
7:00 am EDT - September 28, 2012 By Enis
As I was listening to the NKE conference call after their earnings announcement last night, I chuckled when I heard that commentary from NKE management. In case you were living on another planet, … [Read more...]
New Trade YHOO: Sum of the Parts from GS and Activist Says Stock Too Cheap; We think Vol too Cheap
3:26 pm EDT - September 27, 2012 By Dan
I am in the process of having a little Twitter Conversation with Eric Jackson of Iron Fire Capital, he is a smart guy, who has been an activist involved in YHOO for years. He alerted me to the fact … [Read more...]
Chart of the Day – Durable Goods Orders History
2:38 pm EDT - September 27, 2012 By Enis
The Durable Goods Report today was quite a miss. I normally don't care much about each individual economic report. Too much focus is given to each single reading, when it's the broader trend that … [Read more...]
RIMM Fiscal Q2 Preview: Q: What do you get when you try to pick bottoms? A: Stinky Fingers
1:43 pm EDT - September 27, 2012 By Dan
Event: RIMM reports their fiscal Q2 tonight after the close. The options market is implying about an 11%* move following earnings vs the 4 and 8 qtr avg post result move of about 14% and 11.5% … [Read more...]
New Trade NKE – Oregon Ducks? NKE – Bearish Calendar
11:39 am EDT - September 27, 2012 By Enis
The Olympics, the European Football Championship, and a Lebron James-led NBA championship should normally constitute a banner year for NKE, the sports advertising king. But the Goddess of Sport is … [Read more...]
MorningWord 9/27/12: Back and Fill, Or Maybe Just Back
9:18 am EDT - September 27, 2012 By Dan
MorningWord 9/27/12: Many market technicians have suggested that the SPX and DAX will need to "back in fill" a little bit before they will be able to make new multi-year and 52 week … [Read more...]
What’s the Story
9:13 am EDT - September 27, 2012 By CC
Reuters Economic growth was much weaker than previously estimated in the second quarter as a drought cut into inventories, setting the platform for an even more sluggish performance in the current … [Read more...]
Enis’s Macro Wrap – 2012 as the Year of Micro?
7:55 am EDT - September 27, 2012 By Enis
Sometimes the Macro doesn't matter. There are thousands and thousands of stocks that trade actively around the world each day. In any economy, in war and in peace, in feast and famine, some … [Read more...]
Chart of the Day – BKS vs. AMZN, Talking Numbers on CNBC
2:58 pm EDT - September 26, 2012 By Enis
Here’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm EST on CNBC: The book wars have basically been declared over. Amazon has won. Electronic books … [Read more...]
Earnings Preview: Nike (NKE) – 09/27 After Close
1:01 pm EDT - September 26, 2012 By Enis
Event: NKE reports Q3 earnings Thursday morning after the close. The options market is implying about a 5% move, which is right in line with the 4 quarter avg of 5%, and slightly below the 8 quarter … [Read more...]
MorningWord 9/28/12: Wake Me Up When September Ends
MorningWord 9/28/12: Earnings releases from NKE and RIMM last night will likely dominate some headlines this morning, on what is shaping up to be a quiet final trading day of Q3. And what a qtr it … [Read more...]