Category: Backspread
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Show Me How to Fish +100% in Polycom (PLCM)?
Polycom Inc (PLCM) missed both earnings as well as revenue estimates and as of this writing, PLCM shares are down almost 32% !!! Options were pricing a 18-20% type of move and this was also part of my “potential movers” list that I shared before market close yesterday. So, with the hindsight benefit, how could…
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Goldman Sachs (GS)- A Potentially Profitable Opportunity
Goldman Sachs (GS) is down $40 since April 16th; How much more it has to lose? Anybody’s guess is probably better than mine. Regardless of whatever I think, I guess they are too big, powerful and connected to go under. With that bullish bias, here is a trade idea that potentially can deliver excellent results…
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How to Play Alcoa (AA) Earnings?
Aloca (AA) is set to announce earnings after close today. Wall Street is expecting a fall to -$0.55 to -$0.57 EPS depending upon who do you follow (Zacks, First Call etc). The quarter was not that exciting, hence the expectation are already factored for a very poor quarter. I think the movement will depend on…
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How to Play AGIX BMRN Part-2
Here is an update on the AGIX. To refersh, we discussed in the earlier trade the reason why there is so much buzz about these two tickers is due to pending FDA announcement. These are highly volatile and I expect volatility to either rise or remain flat till the announcement. The key question is how do…
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AMZN and ERTS announcing tonight
Amazon and ERTS are announcing earnings result tonight. A huge swing is expected in AMZN and little less in ERTS. So keep your backspread readys to do a paper trade to understand better how it works. Cheers and profitable trading, OptionPundit
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Apple Earnings – Closed for 7 % Profit
Well, despite the great show, apple didn’t turn out a great show in the stock performance. Since I played non-direction on the earnings, I covered my short 95 call leg for $0.20. This resulted in $95 profit on $1365 investment i.e. 7% in one night. Though apple continue to fall as of this writing, I…