The Government stated they would not back CIT Group (CIT) but technically they are. CIT is in talks with JP Morgan (JPM), and Goldman Sachs (GS) seeking short term financing for $2 to $3 Billion to avoid bankruptcy. If JP Morgan...
Read MoreThe top 10 stock option contracts which have traded as of mid day July 17, 2009:Citigroup (C) July 3 Call OptionBank of America (BAC) July 13 Call OptionCitigroup (C) August 4 Call OptionCitigroup (C) August 3 Call...
Read MoreThe Volatility Index or VIX has dropped below 25 on this volatile options expiration Friday. The VIX has not been this low since September 11, 2008. I think the VIX at these levels is a very bullish sign for the stock market....
Read MoreI have traded the call contracts for the FAZ July 43 at least a dozen times already resulting in gains of 50% – 77%. I’m also looking to get out of Level 3 Communications (LVLT), as I picked this up less than a week...
Read MoreAs of now 2:22 AM, the stock market futures are down across the board, but not much given the rally we’ve had this week. The DOW futures are down 14 points, S&P futures down 1.70 points, and the NASDAQ futures down 1...
Read MoreAs we enter the final day of the July options expiration, I decided to post about stocks which have a greater than 50% probability of yielding higher returns in just 1 day. These stocks all have higher Betas, which is essential...
Read MoreWith just 1 day left being Friday July 17, 2009, for the July options expiration, there are still several Buy/Write option strategies which will yield high returns (considering the probabilities and it is just 1 trading day). In...
Read MoreBreaking news: Google beats estimates by reporting 5.36 a share versus the estimate of $5.08 a share, and also beats revenue which was initially reported as an error. This makes my blog reader Zac the winner of the Merrill Lynch...
Read MoreAmerican Express has been on a tear this last week, and is a certainly a stock to watch. I had my shares written out for the July 27.50 strike, and I’m happy I bought them back for a nickel with about 10 days until...
Read MoreWith the stock market rallying again on Wednesday, it would have been another great opportunity to get protective, as it’s cheaper on up days. I believe this may just be a short squeeze riding into the options expiration...
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