Name That Trade – $CRM: Cloud Seeding

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For the last few weeks CRM had been on our radar as a technical breakout candidate (here) as the market rally appeared to be broadening out with the Russell 2000 making new highs. Last week I took a … [Read more...]

New Trade – $CTRP: Trip and Fall?

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Event?: The Chinese online travel company Ctrip.com (CTRP) has yet to report Q4 results. Bloomberg estimates March 13th. A look a their investor relations site (here) is little help, but considering … [Read more...]

Chart of the Day – $TLT: Bond Villains

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Back on Jan 13th I had the following to say about the near term demand for U.S. Treasuries when the TLT (iShares 20 yr bond etf) was $133.50 (TLT: No Mr. Bond, I Expect You To Die): It is our sense … [Read more...]

Name That Trade – $ANF’s Situation

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Event: Abercrombie & Fitch (ANF) reports their Q4 tomorrow before the open. The options market is implying a 14% one day move, vs the 4 qtr avg of about 6.5%, with three of those moves higher by … [Read more...]

Name That Trade – $AMBA Sauce

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Event: Ambarella Inc (AMBA), the supplier of chips to mobile cameras like GoPro (GPRO), reports their fiscal Q4 results today after the close.  The options market is implying about an 8% one day move … [Read more...]

Name That Trade – $BBY: Peak Squad?

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Event: Best Buy (BBY) reports Q4 results tomorrow morning before the open. The options market is implying about a 6% one day move which is shy of the 4 qtr average of about 4.7%. It is important to … [Read more...]