MorningWord 12/31/12: The New Years Eve trading session is normally a bit of a quiet session with not a ton relevance, but today, with just six and a half hours left to trade in 2012 it feels like … [Read more...]
MorningWord 12/31/12: Holding on for Six & Half More Hours -$VIX, $SPX
9:29 am EDT - December 31, 2012 By Dan
MorningWord 12/28/12: Despite Poor Timing, Twitter Sentiment Saved the Day- $QQQ
8:54 am EDT - December 28, 2012 By Dan
MorningWord 12/28/12: You guys have heard us say it on many occasions, timing isn't everything when it comes to trading, but it sure is pretty important. Three weeks ago I felt the way to play for … [Read more...]
Trade Update $QQQ: Closing Dec31st Quarterly Put Spread for 4c Loss
1:36 pm EDT - December 27, 2012 By Dan
Trade Update Dec 27th, 2012: With the market down on a combination of year end selling, weaker than expected holiday sales and fiscal cliff shenanigans, I'm going to take the chance to get out … [Read more...]
Considering Our Options – $QQQ Dec31st Quarterly Put Spread
9:58 am EDT - December 27, 2012 By Dan
When I initiated this bearish position in the QQQ (below) almost 3 weeks ago, my sense was that AAPL would continue to flounder, and eventually break the mid November low, and ultimately some other … [Read more...]
MorningWord 12/27/12: 2013, Can’t Wait! $AMZN, $JCP
8:38 am EDT - December 27, 2012 By Dan
MorningWord 12/27/12: Yesterday's weakness in the retail sector was sort of eye-popping, with a hint of irony when you consider most apparel and dept store stocks were down 2-5%, and JCP was … [Read more...]
MorningWord 12/26/12: A Tale of Two Cities – $AAPL, $AMZN
9:23 am EDT - December 26, 2012 By Dan
MorningWord 12/26/12: Back to the grind, well not really, as we are fully expecting the last 4 trading days of 2012 to be fairly uneventful, despite anticipation of near term resolution to the … [Read more...]
MorningWord 12/24/12: Cliff Deadline Or Not, Let the WindowDressing Begin
9:28 am EDT - December 24, 2012 By Dan
MorningWord 12/24/12: First and foremost, all of us at RiskReversal want to wish you and your families a very Happy Holidays. Enis, CC, Kristen and I will all be traveling to see family over the … [Read more...]
Trading Diary: Dec 17th – Dec 21st
10:10 pm EDT - December 23, 2012 By Enis
Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Dec 17th thru Dec 21st: … [Read more...]
New Trade $AMZN – The Best Not-For-Profit Company in the World
2:16 pm EDT - December 21, 2012 By Dan
Here is a preview of what I will be discussing tonight on Options Action on CNBC at 5pm. My esteemed colleague and your resident Bear, Enis Taner, collaborated with me on the idea. Amazon.com is … [Read more...]
Chart of the Day – $CAT vs. $CMI
2:14 pm EDT - December 21, 2012 By Enis
CAT and CMI are stocks with similar profiles. Both companies are both closely tied to the global industrial cycle. Both companies get more than 60% of their revenues from abroad. Both companies … [Read more...]
Trade Update: QCOM Dec/Jan13 Call Calendar
10:02 am EDT - December 21, 2012 By CC
We don't have this trade on anymore because we were doubled up with trades in the name (read history below) and closed it for a small profit, but our plan was to paper trade out of this for the … [Read more...]
MorningWord 12/21/12: Timing Isn’t Everything, But… $VIX, $RIMM
9:13 am EDT - December 21, 2012 By Dan
MorningWord 12/21/12: Last night saw a bit more action than most would have expected for the second to last Thursday of 2012. Earnings from the likes of NKE and RIMM have those stocks moving, and … [Read more...]
Macro Wrap – Chart of SPX Futures Mini-Crash
7:38 am EDT - December 21, 2012 By Enis
When Speaker Boehner announced yesterday evening, around 8:00 pm EST, that there would be no vote on "Plan B" for the fiscal cliff, SPX futures took a quick nose-dive. Here is the one-week … [Read more...]
Too Many Options: Takeovers Galore $NYX, $FMCN, $ILMN
4:39 pm EDT - December 20, 2012 By Enis
A lot of takeover-related trading today: NYX - ICE announced a $33 per share bid for NYX in cash and stock this morning. NYX closed up 34%, at $32.25. The Jan13 24 calls were the most active … [Read more...]
Trade Update $RIMM: I Say Uncle, Closing Dec Puts for a Loss
3:26 pm EDT - December 20, 2012 By Dan
Trade Update Dec 20th, 2012: With RIMM up 16% in the 2 weeks since I initiated the Dec weekly 11.50 / Dec regular 12 Put Calendar*, my trade has lost two thirds of its value. The implied move … [Read more...]
Macro Wrap – Hard to Put the Toothpaste Back in the Tube
I'm pumped to be back at my desk writing again after a one-week restful break. Though I haven't been writing, I've been closely following the developments in the market, particularly because of the … [Read more...]