Posts Tagged ‘Lehman Brothers’

Freeport McMoRan Pushing $70

12:30pm (EST)   The market has made a comeback after starting the morning in the red.  The Dow was down as much as 70 points and hit a low of 9,535 before bouncing back.  Currently, the Dow is down 15 to 9,590.   Wall Street is a little nervous given the weekendRead more

More

2008 – A Year Hit By A Truck

Index 1. Commentary 2. Financial Sector Takes a Beating 3. Options Versus Stocks 4. Current Trade Updates 5. Alcoa and Caterpillar 6. Schlumberger 7. Volatility Index 8. Mortgage Rates Drop Like A Rock 9. Closing Thoughts ************************************************** 1. Commentary Out with the old, in with the New Year. Wall StreetRead more

More

Apple Option Strangle Update

Apple (AAPL, $91.07, down $6.00) is below $100 and is tanking along with the rest of the market. The Dow is down 454 points to 9,871 and is below 10,000 for the first time in four years. I’ve been mentioning over and over that the market could be headed lowerRead more

More

Merrill Lynch In the Teens

Merrill Lynch (MER, $19.43, down $3.87) shares were down again yesterday, falling 17% and hitting a fresh 52-week low of $18.50 in the process. The stock’s previous 52-week low was $22 and Merrill opened well below that at $20.68. The bears were all over Merrill as they take aim inRead more

More

Market Gives Back Gains

The Dow pretty much gave back all of its 290 point gain on Monday with yesterday’s 280 point drubbing. The market was nervous after it was reported that Lehman Brothers (LEH, $7.79, down $6.36) had failed to attract a buyer for some or all of its assets and it onlyRead more

More

Market Notes – Strangle Option Play Up Sharply

As we head to lunch, here’s some tidbits on some of the stocks we are currently following. On September 2, I did a piece on McDonald’s (MCD, $63.88, up $1.46) saying the company would be reporting great same-store sales. At the time, the stock had lost its hype because theRead more

More

Mergers and Acquisitions

There has been a slew of takeover offers or ones in the works that I wanted to mention this morning. There may be one or two option trades worth researching but the easy money has already been made. However, it is still nice to see the M&A activity picking up.Read more

More

Market Tanks 2% on Financial Woes

The market gave back Friday’s gains yesterday as worries about the financial sector heated up once again. The main culprit these days seems to be American International Group (AIG, $18.78, down $1.09) which hit another 52-week low yesterday. This seemed to ignite fears that the deterioration of the credit marketsRead more

More

Lehman Up on Buyout Rumor

Lehman Brothers (LEH, $15.82, up $2.10) is trading higher this morning on news that the Korea Development Bank was considering a bid for the company although nothing is official. According to the story, the Korean bank didn’t reach an agreement with Lehman because it is still worried about the company’sRead more

More

Timing is Everything

The “timing is everything” quote couldn’t have had more meaning today with a few of our trades. The bears had thoughts on taking the financial sector lower until the bulls stepped in and took over. The earlier blog this morning couldn’t have come at a better time although it’s aRead more

More

CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.