The market is basically unchanged in the past week (1410, with a tight range between 1400 and 1420 in SPX cash). Here is where VIX futures stood a week ago: There are only … [Read more...]
Trade Updates On A Day That We See Little To Do
1:58 pm EDT - October 31, 2012 By Dan
As most of us on the East Coast are just getting back in the saddle so to speak, we wanted to take the opportunity to update our thoughts on some open trades that we haven't discussed in a bit and how … [Read more...]
MorningWord 10/31/12: Trick or Treat – Q4 Guidance Maybe Suspect as a Result of Sandy
9:08 am EDT - October 31, 2012 By Dan
MorningWord 10/31/12: For most in NYC, myself included, the last few days has been nothing more than an inconvenience, while many in some of the outer-boroughs, Long Island, and New Jersey have … [Read more...]
Enis’s Macro Wrap – P/E of S&P 500
7:34 am EDT - October 31, 2012 By Enis
Back up and running here in midtown New York, but downtown is still mostly without power. The flooding on Monday night at high tide is what did the real damage. See Dan's twitter photos … [Read more...]
Enis’s Macro Wrap – Sandy Closes U.S. Markets, Risk-Off Overnight
8:27 am EDT - October 29, 2012 By Enis
In a rare occurrence, U.S. markets are closed today, and possibly tomorrow. My first reaction when I heard this is that the second half of the week could be quite hectic. Oct 31st, on Wednesday, … [Read more...]
Sandy Closes U.S. Stock Markets Monday, Possibly Tuesday
11:33 pm EDT - October 28, 2012 By CC
Numerous news outlets are reporting that all U.S. equity and derivative exchanges will be closed on Monday due to the the risks associated with hurricane Sandy in the New York area. A decision on … [Read more...]
Trading Diary Oct 22nd – 26th
9:55 pm EDT - October 28, 2012 By Dan
Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Oct 22nd to Oct 26th: … [Read more...]
New Trade RL – Luxury No Longer in Vogue
3:11 pm EDT - October 26, 2012 By Enis
Here’s a preview of what I’ll be talking about on Options Action tonight on CNBC at 5pm: Event: RL reports their Q3 Wednesday Oct 31st before the open. The options market … [Read more...]
Chart of the Day – Russell vs. S&P 500, More Evidence the Top is In
2:06 pm EDT - October 26, 2012 By Enis
I posted the Nasdaq 100 vs. SPX index on Oct. 19th, going back 3 years, and posited that it was evidence that the market had put in a major top. Here is another chart that offers supporting evidence … [Read more...]
New Trade MSFT: On The “Surface” This Company Looks Increasingly Screwed
2:04 pm EDT - October 26, 2012 By Dan
Given the sentiment towards tech of late, and given MSFT's recent and soon to be released product flops in the mobile space, I am shocked that MSFT's stock is still up on the year. See my … [Read more...]
Trade Update NFLX – Closing Range Trade for a Profit
12:48 pm EDT - October 26, 2012 By Enis
Trade Update Oct 26th, 2012, 12:45 PM EDT: NFLX stayed within the 55 to 75 range that I had laid out when I posted this "Playing the (Large) Range" traded on October 9th. With the stock now … [Read more...]
MorningWord 10/26/12: No Point Crying Over Spilled Kool-Aid
9:02 am EDT - October 26, 2012 By Dan
MorningWord 10/26/12: We talk about AAPL a lot on the site, primarily because we are fascinated by the psychology around the stock, not just with investors, but the way the stock is viewed by Wall … [Read more...]
Enis’s Macro Wrap – Making Excuses
7:51 am EDT - October 26, 2012 By Enis
Part of the difficult part of being bearish on markets is that you get rewarded in very brief intervals, while the majority of time, markets grind higher. Even in bear markets, the falls are drastic … [Read more...]
Too Many Options – Potpourri Day
6:34 pm EDT - October 25, 2012 By Enis
No theme stood out among the largest trades today. On a relatively low volume day: AAPL - I would have expected greater volume on the day of the earnings announcement. The 650 strike calls in … [Read more...]
New Trade – Amazon ($AMZN): Rolling Profits From Nov Reg Put Spread to Nov Weekly Put Fly
2:26 pm EDT - October 25, 2012 By Dan
Since initiating the Nov 230/210 Put Spread last Friday, AMZN has dropped 5%, and my spread appreciated by more than 50% (see updates below). I took the profits with the intention of rolling them … [Read more...]
Too Many Options – Most Actives from Friday and Today
We wanted to combine Friday's and today's posts to catch up on the active trades, and highlight the fact that NFLX and TRIP have been especially active the past 2 trading days. First, here are 5 of … [Read more...]