April expiration week begins now
16Apr2007 Filed under: Daily Report Author: OptionPunditFresh from the pan:
- Checkout downtown trader’s pick for some kool set-ups, I perticularly like ICE and will think about QID and TWMs as well.
- Also checkout Vix-and-more for Bill’s explaination on why there is bearish bias in the market currently.
- Jim has mentioned a very good article about Subprime and as per that analysis, NDE is the most affected one. Recall, this was the one I had highlighted in March here.
- A lot of buzz around Blackstone going Public. Check out Investor Business Daily’s article on why this could be the next hottest IPO.
- My friend at simplyoptionstrading highlights key earnings list for the coming week that I may use to screen plays.
- Of course the big news of the day, buy-out of sallie mae (SLM) for $60/ share. What a windfall for the those who got in on last Friday.
- Citigroup (C), Eaton (ETN), Eli Lilly (ELY), Mattel (MAT), Wachovia (WB) and WW Grainger (GWW) have all beaten the earning estimates and are adding fuels to stock futures, so keep your technical ready if you want to play intraday on any of these.
Profitable trading, OptionPundit
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OptionPundit© (OP) is designed for novice as well as serious option traders. It is a stock & option trading blogsite that is dedicated to the following objectives: read more ⇒
OPN Performance
This assumes a $10,000 starting and fully invested capital. The current phase started when OPNewsletter was re-opened in Jan'08 for Feb'08 expiration. OPN Month is counted as 3rd Friday of each month same as US Equity option expiration day. Comparison with S&P500 or Dow is not shown as it's unfair to expect from such large institution to deliver high returns. I would rather compare with my own target.
AP Biz News
- Stocks fall on fresh evidence of economic woes
- New papers filed in Madoff case
- CBO projects $1.2T deficit for 2009
- Russia stops all gas supply to Europe via Ukraine
- Oil prices tumble below $45 on oil reserve report
- Bank of America sells shares in Chinese bank
- Intel will miss its already-lowered 4Q targets
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Been There, Done That
OptionPundit
April 16th, 2007 at 8:58 am
Interestingly, even though the deal is worth $60/share, the shares are trading at only $55. Well, skeptics have their own say as, if this deal is approved, it will only close sometime late 2007.
Profitable trading.
downtowntrader
April 17th, 2007 at 8:13 am
Thanks for the like OP. I’ve been using TWM the past couple pullbacks and I really like it so far. There is enough volume in it for my lot sizes, and it has more volatility then the others.
Joey
downtowntrader
April 17th, 2007 at 8:14 am
thats link, not like.. I can’t spell in the mornings.