New Trade: $QQQ The Crickets


Despite the recent bout of volatility across almost every major risk asset in the world, it has been my view that U.S. equities were likely to close at or near the highs for the year, largely due to … [Read more...]

New Trade – $DE: Roadkill


Yesterday, I laid out the bearish case for Deere (below), concluding: Because vol is pumped, timing on an out-of-the-money put spread like that is crucial and that's why we're not doing a trade right … [Read more...]

Name That Trade: $CSCO’s CEO Gots To Go


Last night Oracle (ORCL) reported fiscal Q2 results that were broadly better than expected, with forward guidance that was encouraging and much bullish commentary on the call.  The stock is up 8.5%, … [Read more...]

Name That Trade – $TGT Shooting


As a company, Target has had a tough year dealing with the aftermath of the largest corporate data breach in history. They suffered millions in related costs and lost sales causing the company to halt … [Read more...]

Chart of the Day – $NKE Air


Nike (NKE) reports their fiscal Q2 earnings tomorrow after the close. The options market if implying about a 5% one day move in either direction, which is basically in line with the 4 qtr avg one day … [Read more...]