Since there were few technical issues with the viewing of the trade, I have opened it for all. Profitable trading,OptionPundit
My perspective to begin the day and week: Beside the “departed” Oscars story, the biggest story of the day is TXU’s $44 billon buyout by LBO that has surely heated-up stock market futures. Soon after the news share were trading about 17% higher i.e. about $70. Excluding $12 billions in…
As we begin Friday morning, here are key highlights to begin the trading day: Crude oil is rising (especially over news from Iran) and trading over $61 per barrel. Generally speaking crude is stronger on Fridays as there is always uncertainty that something may happen over the weekend. So those…
AtheroGenics Reports Fourth Quarter and Year-End 2006 Financial Results AGIX posted a wider fourth-quarter loss, and said it expected to report results from the late-stage trial of a key experimental heart disease drug study early in the year (Open???). Here is the summary and outlook:In summary, AtheroGenics reported a net…
There are two interesting news in the market that investors as well as trader may want to pay attention to. Starting with CPI, which is the top of rank. The US consumer price index increased by 0.2% vs. 0.1% that in general economists were expecting. According to the Labor Department, this…
Zen trader has gone bullish; check out his perspective specially his take on Nasdaq. Bill is dissecting VIX to deeper level and has introduced a new indicator called VWSI, check out his blog “VIX and More”. Downtown trader shares his technical take on several tickers that you may want to…
US Markets are closed on Monday due to “President’s day”. From an economic perspective there is not much data expected except the CPI data on Wednesday at 8:30am US EST. According to Bloomberg this is one of the market moving indicators, so let’s watch out. Though FOMC minutes will be…
Seems like google will be pinned around $470. Google backspread was profitable with $1.20 on $$8.80 margin. SHLD Iron fly is also fine and so is OIH. Conngratulations to those who played in one way or the other and benefited from the market action today. Cheers and profitable trading, OptionPundit
Here are couple of ideas for trading the pinning action today. Pls keep in mind though that these are only a few of the several strategies to play pinning and when market opens the prices may or maynot be same vis-a-vis my analysis. While trading this I need to be very careful….
Results update for the companies that have announced the results and were in my list that I had shared earlier. The results below are after market hours. Congratulations !!! NTGR – Up > 2.5%, CMG – Up >4% CECO – down > 6% HITT – Up > 8.7%, STMP –…