stocks
Hopefully as the ‘sheep’ retail traders/investors were changing the channel from CNBC during the last two weeks market ramp, they came upon a classic Seinfeld episode entitled “the Bizzaro Jerry”, where everything was the polar opposite… Up was down, right was left, and wrong was right. We wrote many times over the past week about the impending short-term bull market. How folks would be forced into equities, and… Read More
CME Group (CME) is a stock that has been very kind to us over the years. At the start of 2012, we were able to position ourselves with some calls into earnings and banked some serious coin. Take a look at the charts below for the call. And this was what we were saying before the stock took off: “CME GOING TO GET LEGS” ; CME GROUP
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
Origin Agritech (SEED) is one of those China stocks that will run 200-300% in a day, like it has in the past. Today it is getting some nice ask volume, so we are positioning ourselves with some June 16th $2 calls at .05. Options provide a great opportunity to take little risk and have possible large returns. We think Origin Agritech (SEED) may provide that sometime soon.
Facebook (FB) fell sharply at the open today, falling 12% to $33. This can only be good news for Apple(AAPL), as folks will look to go back into something that is actually extremely undervalued at $536. We expect Apple (AAPL) to trade over $560 this week and purchased the $565 calls for .68. We will continue to add as we think Apple (AAPL) we perform almost like a ‘flight to… Read More
It seems every week there is a stock in the retail sector moving 15%+. Fossil (FOSL), Deckers Outdoor Corp (DECK), and JC Penney (JCP) all saw their shares ripped to shreds on disappointing earnings and lower outlooks. Is the economy really starting to show signs of cracking? Maybe analysts had the bar set to high? I am sure its some of those reasons and more, but there are companies that… Read More
Abercrombie & Fitch Co.(ANF) reported earnings this morning that missed estimates. The stock is currently off 11.61% at $40.10. Folks selling and shorting the stock on fundamentals, will soon learn a powerful lesson. Abercrombie & Fitch Co. (ANF) has more going for it then just it’s recent earnings and we think a bounce is in the cards here intra-day.
Disclosure: We are holding $42/$43/$44/$45 May calls.
It is Mid-week, and my favorite time of the month is coming. Option Expiration! The last few weeks have been very challenging times trading options. Take a look at UPB’s video from last night: http://www.optionmillionaires.com/2012/upb-may-15th-market-recap-outlook-spy-aapl-fosl-sina-jcp-sp-futures/
He made some great points around trading options in this environment. Also, sometimes its better to sit on your hands then force a trade. There is ALWAYS money to be made in any type… Read More
Most daytraders close out their positions before the close. Making a living trading stocks is all about controlling your risks, and obviously there is more risk when you hold an equity overnight. Who knows what type of news can come out before the market opens that may impact your holdings. Better to lock-in the gain or loss before the close, and wait for the next trading day. That is, unless… Read More
With the employment numbers from last week still weighing on the market, people have overlooked the news piece that will be a catalyst for the rest of the summer. Obama and Romney are now in a virtual dead heat in the polls.
As you read the press, there continues to be a glaring trend:
Two new polls find that although the candidates are tied for overall support, Obama…
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