Considering Our Options – $MSFT Calendar (Now Nov Put)
A little over a week ago we initiated a trade in MSFT to take advantage of elevated front month vol into their analyst meeting to finance a further out bearish position with the thought that the stocks...
View ArticleTrade Update $MSFT: Closing November Puts For Small Gain
About a month ago I took a look at MSFT into their Analyst Day and put on a slightly short delta put calendar taking advantage of the high implied vol into the event in the short dated options, setting...
View ArticleDeep Dive – $GME : Game Time Or Stop the Music
In a world infatuated with the newest technology or latest gadget, Gamestop’s renaissance in 2013 is particularly curious. This is how the company describes itself, in its latest 10-Q: GameStop...
View Article$DAL Q4 Earnings Cheat Sheet
Event: DAL reports its Q4 earnings on Tuesday before the open. The options market is implying about a 5% one day move, which is above both the 4 qtr avg of about 4.5% and the 8 qtr avg of about 3.5%....
View ArticleWhy Apple’s Wearable is a BFD – $AAPL
Or How I Learned To Stop Worrying and Let Apple Monitor my Body Apple has an annoying habit of bragging about new product releases as if they were the first company in the world to conceive of and...
View ArticleNew Trade – $AMD: Minding the Gaps
This past Monday, some sizable put activity in AMD caught my eye. A buyer paid .69 for 15,000 July 4 puts when the stock was 3.64 (.36 in the money at the time). The premium paid equaled about 19% of...
View ArticleTrade Update – $AMD: Gap Filled, Taking Profits
Two weeks ago when AMD was $3.73 I bought some stock as a trade with the thought that the stock would make a run, as it has two times in the last six months, filling in the prior earnings gap before...
View ArticleChart of the Day – $AMD: Processing Recent Options Activity
Back in March we took a short term bullish view on shares of AMD and saw a 9% gain in a matter of weeks as the stock caught a bid into quarter end and we took our profit and moved on (see below)....
View ArticleNew Trade – $INTC: Chip Ante
Last night INTC pre-announced higher than expected Q2 revenues with a slight bump to margins: As a result of stronger than expected demand for business PCs, Intel Corporation now expects second-quarter...
View ArticleChart of the Day – $AMD: Chip Shots Off the Green
Last night AMD reported Q2 guidance that was worse than expected, and guided down the current quarter. The shares are down 18%. This price action is fairly dramatic in its own right, but even more so...
View ArticleName That Trade – $MSFT: Surface Tension
Microsoft reports their fiscal Q2 results tonight after the close, the options market is implying a one day move of about 2.5% which is greater than the 4 qtr avg of only about 1.25%. The stock is...
View ArticleMorningWord 2/2/15: $MSFT – Peeking Below the Surface
Microsoft was down nearly 15% last week after giving disappointing forward guidance. Their core Office and Windows businesses had been benefiting from the company’s move a year ago to stop supporting...
View ArticleName That Trade – $HPQ: Hewlett Gonna Let the Elevator Bring Us Down?
Event: HPQ reports fiscal Q1 tonight after the close, the options market implying about a 5% move, vs the 4 qtr avg of about 4.25%. With the stock at $38 the Feb27th weekly 38 straddle is offered at...
View ArticleChart of the Day – $INTC: Gathering Intel
Despite the SOX (Philadelphia Semiconductor Index) having recently broken out to a new all time high last month, Intel (INTC), its largest component at 17% of the weight has demonstrated declining...
View ArticleMorningWord 3/12/15: Mosaic Patterns – $INTC, $MSFT
The under-performance in Intel (INTC) and Microsoft (MSFT) in 2015 has been on my list of concerns as to the continued health of the Nasdaq rally. These two stocks (that had a sort of renaissance in...
View ArticleThursday’s Notable Options Activity: $AMAT, $CDW, $QCOM, $QQQ
Here is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. QQQ - the Nasdaq 100 etf saw a large bearish roll when the etf was $105, a trader sold...
View ArticleChart of the Day – $MSFT Spot
Shares of Microsoft are up 3.5% today, its largest one day gain of the year, bringing its losses for the year to about 7%. There does not appear to be any news in the stock today, but it fits the my...
View Article$HPQ Fiscal Q2 Earnings Preview
Event: Hewlett Packard (HPQ) reports their fiscal Q2 results tonight after the close. The options market is implying about a 5% one day move which is shy of the 4 qtr average move of about 6.3%. The...
View ArticleName That Trade – $MRVL: Considering Semi Targets
Last night on CNBC’s Fast Money we discussed semiconductor stocks and the potential for continued M&A activity, watch here: While I am generally skeptical of chasing “other” takeover candidates...
View ArticleName That Trade: Deja $MU
Event: Micron (MU) reports their fiscal Q3 results tonight after the close. The options market is implying a 6.25% one day move. With the stock at $24 the June 26th (tomorrow expiration) 24 straddle...
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