New Trade – $MSFT: Tick in a Xbox


Regular readers know that we try not to get sucked into investment ideas with buzz-phrases like cloud transition, upgrade cycles, back to school etc etc... that's all mumbo jumbo that technology … [Read more...]

New Trade – $JOY Division

Joy mining_jpeg_475x310_q85

What a difference a year makes. It was about a year ago that I last wrote about Joy Global, the manufacturer of mining equipment. (read here). At that time I was detailing some bullish call activity … [Read more...]

Trade Update – Spreading $SLB puts


Last week, into Schlumberger's earnings (SLB), we placed a calendar put spread that looked to fade the earnings move but set up for further weakness afterwards if crude oil continued its decline. Here … [Read more...]

Name That Trade(s) – $AMZN Primed


Event: AMZN reports Q2 results tonight after the close, the options market is implying about a 10% one day move which is a tad shy of the 4 qtr avg move of 11.5%. Price Action / Techncials: AMZN's … [Read more...]

Eat My Shorts – $PG, $COST, $BA


I wanted to go over a couple shorts that we have placed in the midst of this rally and see what of anything we should be looking to do to minimize the damage. First, let's look at Procter (PG). Here … [Read more...]

Considering Our Options: $SLB Egg


Yesterday, we placed a calendar trade in SLB into its earnings release after the close. The idea behind the trade was to fade the implied move of the event itself in order to finance puts for any … [Read more...]