Well, I am inspired! I watched Iran’s Supreme Leader, Ayatollah Ali Khamenei’s speech at Tehran University this morning in which he called the the re-election of Mahmoud Ahmadinejad a “definitive victory” and said...
Read MoreToday’s tickers: COST, HRB, UNH, EEM, EWZ, XLE, DELL & RIMM COST – July 45 strike puts are attracting traders today where 17,700 contracts have so far been traded with premiums reaching 1.30 by this afternoon. Shares in the...
Read MoreWhat a fun day yesterday was. I called it “Which Way Wednesday – For Oil” and we got huge moves in both directions as oil fell from $71 to $69 and then back to $71, all the way to $71.60 early this morning...
Read MoreWhat a relief it is! In last week’s $106,191 Portfolio Update, we decided to hang tough on most of our positions into this week, anticipating the pullback and, FINALLY, here it is! As I said last week,Wednesday before expiration...
Read MoreToday’s tickers: FXI, KRE, WFC, FDX, JWN, HUM, ALL & MSFT FXI– The Chinese ETF is higher by less than 1% to stand at $37.35, but we noticed a number of investors getting long of protective put options in the July contract....
Read MoreBoy this is fun! I love it when a plan comes together and all that tedious waiting has finally paid off as our bull trap has sprung and we are enjoying the ride down with all of the “wheee” and none of the nasty...
Read MoreToday’s tickers: URBN, URE, IPG, WDC, JPM, STEC & ATHR URBN– The clothing-haven for hipsters jumped to the top of our ‘hot by options volume’ market scanner this afternoon after one Urban-bear was observed taking profits in...
Read MoreWheee, everything is getting better! How do I know? Well Cramer told me not to pay attention to yesterday’s “obvious technical correction” even though it wasn’t obvious to him last week, when he told us to BUYBUYBUY...
Read MoreToday’s tickers: XHB, XLB, APWR, FXI, S, EEM, XLU, UAUA & ACOR XHB– Shares of the homebuilders fund have dropped 4% today to stand at $11.65. We observed one near-term bear pawing at put options on the ETF in the June and...
Read MoreIt wasn’t Ali who shocked the World knocking Joe Frazier down it wasGeorge Foreman. In 1973 the undefeated Frazier had beat the unbeatable Muhammad Ali (everyone’s favorite Muslim) to take the title and had defended it twice in...
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