puts
Yesterday was a slightly mixed trading session as the market pulled mostly into the green. We had retail sales numbers yesterday, and import numbers today. Nothing that should move the market much. The number I am looking forward to is the CPI number released thursday at 8:30am. I am still a bear on Silver and Gold, and still hold my 22.50 puts that expire this week. Why am I… Read More
Quarter 2 started out in the red with the SPY down .40%. The VIX closed up 7% and closed at 13.58. I still think the VIX sees sub $10 in the next few months despite all the folks clamoring for a pullback. Historically Quarter 2 is the worst quarter for the market in recent years, and has seen 5%+ pullbacks in the last few years, where Quarter 1… Read More
What another great day yesterday with NFLX really making some folks day, month, year and TZOO ramping in the morning. Looking forward to today, but will be a bit more cautious on some of the weeklies expiring today and will play maybe a few.
That conference in Davos is filled with headlines and bullish comments from everyone but my Grandmother, who is on the ski slopes. It almost… Read More
Today officially marks the end of Baidu (BIDU) as the once loved wall-street darling that rose 1000%+ from the 2008 collapse… at least in my book. It used to be a stock every hedge fund owned and every analyst had buy ratings with lofty price targets. Today Credit Suisse downgraded the stock and reduced it’s price target from $118 to $83, which is the lowest price target on the stock… Read More
Another October day, another green open. Whether that stays or not is the question. Seems like every rip has been sold off, and every sell-off has been bought. Today brought the ADP employment numbers which were above expectations. There is still some concerns over Spain and we have the Presidential Debate tonight. Looks like the race became tighter past few days from 5pts to 3pts. Remember, uncertainty is not good… Read More
With the majority of earnings behind us, it can become challenging to find some volatile plays to make some money on. Pick the wrong trade and you will watch your premium erode. Finding stocks at the top or the bottom of a trend can be the best way to bank some coin.
Baidu (BIDU) fell over the past two weeks from possible competition for it’s 80% share in the China… Read More
On April 4th, the market hit a 4 year high as the $SPY touched $142.21. If you had told someone last October that the market would be up nearly 40% 6 months later, they would call you crazy. But that is exactly what happened from the 107.43 low on October 4th. Amongst all the negative sentiment, the market mysteriously found a bottom and rallied furiously, squeezing all the bears…… Read More
Sina Corporation (SINA) has been an Optionmillionaires favorite over the past few months.There is nothing that an option trader likes more than a volatile stock, and SINA Corporation (SINA) sure fits the bill. SINA Corporation (SINA) reported earnings after hours, and the stock rose nearly 7%. Folks were expecting a loss, which they got, but revenue was above expectations. With all the bad press as of late,… Read More
Anytime you see an accounting scandal from a company thats reporting earnings for the 2nd time in it’s history, you run… and run far away. I was just imaging getting an email in the morning from Groupon for an accountant… how ironic would that be?
Groupon (GRPN) reports earnings after the bell, and we have positioned ourselves with puts. The stock ran nearly 20% as folks are banking on a… Read More
