Wow, what a ride! Here we are back on the 50% retracement line at 1,121 on the S&P. As Barry Ritholtz points out, it’s the 5th time we’ve been here and, as I said yesterday, Barry says “Its going to take a lot of...
Read MoreToday’s tickers: ARNA, GENZ, HL, CY, JCP, FR & XLB ARNA – Arena Pharmaceuticals, Inc. – Options on the biotechnology company are active ahead of the firm’s second-quarter earnings report slated for release after the...
Read MoreHello all. Hope you all had a great start to the week. Yesterday, we closed out three positions in Wonder Auto (WATG), which was our Overnight Trade from Friday. We gained a little over 1% on this one despite the fact that the...
Read MoreWheeee, what fun! Check out yesterday’s action on the Russell, up 1% from the gap up open (rejected at 665), down 1% and then up 1% to finish up 1.7% for the day, pretty much right where they started the mornining. Our other...
Read MoreToday’s tickers: F, GNW, VRSN & OCR F – Ford Motor Co. – A massive bullish transaction involving 300,000 call options on the auto manufacturer today indicates one big player is increasingly optimistic that Ford’s...
Read MoreWow, Alan Greenspan and David Stockman both came to my side of the debate in the same weekend and the market rockets – very interesting. First, we had Alan Greenspan on Meet the Press, regurgitating my “Tale of Two...
Read MoreHey all. Happy Monday from Michigan. I am spending the week working here in the beautiful state with some family and friends. So, on Friday we got involved with two new plays. The first I want to talk about was an Over Weekend...
Read MoreToday’s tickers: ARNA, EXPE, LPX & NLY ARNA – Arena Pharmaceuticals, Inc. – Shares of the biotechnology firm surged 14.6% this morning to a new 52-week high of $8.00 inspiring options investors to establish near-term...
Read MoreHappy Friday to all. For the end of this week, we are ending a quite a bit of a pullback. That gives us some great opportunity to get involved in some new positions as stocks have come down a bit from their high valuations....
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