Enis highlighted TSLA's monster technical break-out in his Chart of the Day (below) back on April 3rd, a couple days after the company stated they would post their first profitable quarter in their … [Read more...]
New Trade $TSLA: The Volatility Has Been Electric For Options Traders
2:35 pm EDT - May 17, 2013 By Dan
Name That Trade: $ORCL Still Lagging
12:57 pm EDT - May 16, 2013 By Dan
Earlier this morning I wrote about the curious hesitance by investors in front of last night's Q3 earnings report by CSCO (below). While the results, guidance and commentary speak to the possibility … [Read more...]
MorningWord 5/16/13: $CSCO – Playing Catch Up
9:18 am EDT - May 16, 2013 By Dan
MorningWord 5/16/13: Last night CSCO reported their fiscal Q3 results that exceeded street expectations on almost every metric while displaying a level of execution, especially relative to its peers … [Read more...]
Trade Update $CSCO – Almost Free Looks Aint So Free In This Low Vol Environment
1:02 pm EDT - May 15, 2013 By Dan
Trade Update May 15th, 2013 at 1pm: A little more than 2 weeks ago I bought the CSCO at the money straddle when the stock was essentially in the same spot to where it is right now. My thought at … [Read more...]
MorningWord 5/15/13: Investment World Rejoices In American Exceptionalism – $SPX
9:20 am EDT - May 15, 2013 By Dan
MorningWord 5/15/13: The SPX is in a raging bull market, up almost 23% from the November lows, and up 30% from the 52 week lows, this is undeniable. The largest peak to trough draw-down came last … [Read more...]
$DE Fiscal Q2 Earnings Preview
12:49 pm EDT - May 14, 2013 By Dan
Event: DE reports their fiscal Q2 earnings tomorrow morning prior to the open. The options market is implying about a 3.75% move vs the 4 qtr average of a bit higher than 4%. Sentiment: Wall … [Read more...]
MorningWord 5/14/13: All Quiet On the Western Front, But Does China Have the Weight of The World On Its Shoulders? $FXI
8:56 am EDT - May 14, 2013 By Dan
MorningWord 5/14/13: In case you missed it yesterday, our very own Macro Editor, Enis Taner was a panelist on a new online show hosted by CNBC and Yahoo Finance called Talking Numbers, which will … [Read more...]
$CSCO Fiscal Q3 Earnings Preview
2:52 pm EDT - May 13, 2013 By Dan
Event: CSCO reports their fiscal Q3 earnings Wednesday May 15th after the close. The options market is implying about a 4.6%* move vs the 4 qtr avg move of ~6.4% and the 8 qtr avg move of ~6.77%. … [Read more...]
Trade Update $BBRY – Closing June/July Put Spread for Small Gain
10:18 am EDT - May 13, 2013 By Dan
Since buying the BBRY June/July 14 Put Spread last Monday, the market has witnessed some fairly crazy action in stocks with high short interest and with high concentration among the largest holders. … [Read more...]
MorningWord 5/13/13: $BBRY ‘s Shifting “Plans”
9:15 am EDT - May 13, 2013 By Dan
As a trader, one of the most frequent mistakes that I make on losing trades is not anticipating what the reason will be for a reversal in direction. Let's take BBRY for an example, I have not … [Read more...]
Trading Diary: May 6th – May 10th
6:48 pm EDT - May 12, 2013 By Dan
Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was May 6th through May 10th: … [Read more...]
New Trade $CAT: Sluggish Global Growth & Strong $ Could Create A Hairball For Investors
11:52 am EDT - May 10, 2013 By Dan
Here's a Preview of what I'll be discussing on Options Action tonight at 5:30 Back in early March, when CAT was trading at similar levels to where it is trading today, I highlighted (post below … [Read more...]
MorningWord 5/10/13: Taking A Quick Look Under The Hood – $XLU, $XLP
8:51 am EDT - May 10, 2013 By Dan
MorningWord 5/10/13: Another week, another weekly new all time high. Yesterday's close in the SPX of down 37 bps was only the second decline of the month, but came on a day that saw some … [Read more...]
$PCLN Q1 Earnings Preview
11:50 am EDT - May 9, 2013 By Dan
Event: PCLN report their Q1 earnings TONIGHT after the close. The options market is implying about a 6.1%* (last quarter the implied move was a~7.25% and the stock move was only ~1.5%). The 4qtr … [Read more...]
MorningWord 5/9/13: Bull in a China Shop
9:13 am EDT - May 9, 2013 By Dan
MorningWord 5/9/13: Every small dip in the market is being bought. It's just that simple. Over at RiskReversal HQ we have a little snarky saying every time we see a 5 handle sell off in the SPX, … [Read more...]
MorningWord 5/17/13: Maybe Not 1999, But Clearly Uncharted – $SPX
MorningWord 5/17/13: As many of us have come accustomed to, Josh Brown, author of The Reformed Broker blog, has the financial blogosphere buzzing with a post last night, humbly titled "in which … [Read more...]