9:15am (EST) European markets are bleeding red and the big talk is China’s Shanghai stock market which has fallen 5% on concerns about the Chinese economy. The Dow Jones futures are off by 89, to 9,118. The S&P 500 futures are down 10, to 979, while the Nasdaq futures are lower by 18, toRead more
11:00pm (EST) Abercrombie & Fitch (ANF, $31.54, down $2.71) September 32 puts (ANFUJ, $2.20, up $1.00) Entry Price: $1.25 (8/14/09) Exit Target: $2.50 Return: 76% Stop: 60 cents, raise to $1.75 Action: Abercrombie was a train wreck all day and we did well by buying the puts during Friday’s run-upRead more
1:00pm (EST) Abercrombie & Fitch (ANF, $31.96, down $2.29) is down 7% today and the September 32 puts (ANFUJ, $2.00, up $0.80) are up 67%. We went with the puts options at the open on Friday for $1.25 and I had accidentally listed the August 32.50 puts (ANFTZ, $1.05, up $0.70) at 40 centsRead more
1. Commentary 2. Allocating Option Trades 3. Putting a Collar Option on Your Investments 4. Earnings 5. Current Trades 6. Closing Thoughts ************************************************** 1. Commentary The bulls had their four-week winning streak snapped as the bears took last week’s battle. Much of the beginning of the week wasRead more
9:15am (EST) The Dow futures are lower by 13, and Nasdaq futures are down 8 points as we head towards the opening bell. S&P 500 futures were down 1 point. In economic news, consumer prices (CPI) showed no changed in July, in-line with Wall Street’s expectations and far below the 0.7% jump in June. Read more
9:20am (EST) Futures are pointing towards a higher open this morning despite a couple of iffy economic reports. The Dow futures are up 60, Nasdaq – 13, while the S&P futures are up 7. Though still up, futures pulled back slightly following the the just released Advance Retail Sales Report for July.Read more
9:30am (EST) Bank of America (BAC, $16.68, up $0.26) November 17.50 calls (BYOKZ, $1.50, up $0.10) Entry Price: $1.25 (8/10/09) Exit Target: $2.50 Return: 20% Stop: 60 cents November 20 calls (BYOKT, $0.70, up $0.04) Entry Price: $0.50 (8/10/09) Exit Target: $1.00 Return: 40% Stop: 25 cents CiscoRead more
11:35pm (EST) Bank of America (BAC, $16.42, down $0.28) November 15 calls (BYOKO, $2.60, down $0.27) Entry Price: $1.50 (6/12/09) Exit Price: $3.00 Return: 100% Stop: CLOSED Action: These calls hit $3.20 on Friday and I had raised our exit target Thursday night to $3.00. BofA traded to a highRead more
