1:20pm (EST) The bulls are trying to run today and have taken the market higher despite a downbeat report on housing. Other economic news has helped take the spotlight off the sector and merger and acquisition (M&A) news is also keeping the bears at arm’s length. The market also gotRead more
Potash (POT) Pops on Takeover Bid, August Call Options Up 7,650%
Futures Up, Hasbro Beats Street
9:10am (EST) Futures are trading slightly higher this morning as the market looks to end a four-week losing streak. There is no economic news out today so the market will try to rally off earnings and enthusiasm. In fact, it is a relatively quiet week in terms of economic reports except the weekly unemployment report whichRead more
Trade Updates/ AIG Watch
Abercrombie & Fitch (ANF, $31.68, up $0.32) September 32 puts (ANFUJ, $2.05, down $0.20) Entry Price: $1.25 (8/14/09) Exit Target: $2.75 (closed half at $2.75 on 8/19) Return: 120% Stop: $2.00 Action: Abercrombie has bounced back a little today and I suggested closing out the play yesterday after the callsRead more