Amgen (AMGN, $50.08, down $1.15) is no stranger to the blog and we recently closed a trade on some call options back on 2/11. I had profiled the March 60 calls (YAACL, $0.07, down $0.09) back on 2/2 and at the time they were going for $1.20. Amgen went onRead more
Amgen Aching
Market Bends But Doesn't Break…Yet
The market has held up well despite what the futures were telling us this morning. Before the opening bell, S&P futures were lower by 17.50 while the Nasdaq futures were down 15.50 which meant a nasty open. This after negative headlines concerning the government and its $25 billion stake inRead more
Trade Updates: AZO, BAC, IBM, SWY
Safeway Sinks/ IBM Moving
The trade in Safeway (SWY, $18.54, down $2.58) is paying huge dividends this morning. I did a write-up yesterday around noon and talked about the company’s earnings with the possibility of buying put options ahead of this event. Most pros will tell you these are the riskiest of trades butRead more
Is Safeway Safe?
NewsFlash: First Solar Gets Whacked in After-Hours
Research In Motion Stopped Out
AutoZone in the Zone
Dow Falls 250
The Dow took another step closer to falling below 7,000 yesterday as bears took control of the market shortly after the opening bell. The market started off in positive territory following word the government may help Citigroup (C, $2.14, up $0.09) but the rally was short-lived. The Dow dropped 250Read more