Shortly after the open today there was a good size roll down in Tesla (TSLA) calls. When the stock was $210.20, a trader sold to close 10,000 of the October 255 calls at 52 cents …
Continue readingBig Printin’ – Tesla (TSLA)
Emerging Volatility? – EEM Update
On August 16th we initiated a bearish position in EEM, the emerging markets etf. The trade we landed on looked to fade the lack of volatility into Labor Day weekend in order to finance November …
Continue readingSalesforce (CRM) FQ2 Earnings Preview & Ideas
Event: Salesforce.com (CRM) reports fQ2 results tonight after the close. The options market is implying about a 5.5% one day move, which is basically inline with the 4 qtr one day average move of 5.3%, …
Continue readingMorningWord 8/31/16: Comp and Circumstance
In case you missed it, the Nasdaq Composite is at all time highs. And this time is very different. The index’s rise from about 1300 in late 1998 to just above 5000 in early 2000 …
Continue readingFacebook (FB) Update
On August 10th we took a look at Facebook (FB) stock and decided on a defined risk bearish trade that was looking for a mild pullback in the stock from where it currently is (about …
Continue readingInvestools Conference Ideas – AAPL, DIS & XOM
Today I had the pleasure to speak at TD Ameritrade’s annual Investools conference alongside my Options Action co-panelist Michael Khouw. As part of the discussion, he and I both detailed some options trade ideas in …
Continue readingMorningWord 8/30/16: Hitting for the Cycle
Since I entered the business in 1997, I have experienced several significant financial market booms and busts. Asset bubbles inflating, over-inflating, then popping and overshooting on the downside. Since 2000, the largest public equity market …
Continue readingStock Alternative Look Back in FireEye (FEYE)
You’ll see us use the phrase “defined risk” when we talk about stock alternatives into uncertain events. Usually that takes the form of an options structure that is easily recognizable as far as how much …
Continue readingMorningWord 8/29/16: A Difficult Hike
On Friday Federal Reserve Chairwoman Janet Yellen said what we already knew: “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an …
Continue readingMorningWord: Summer Days, Driftin’ Away
Dan is traveling today, and so is most of Wall Street it seems. Even the big news of the day comes from a Summer vacation location as Janet Yellen gave her highly anticipated speech in …
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