Puts Calls Put/Call Ratio February 117,646 134,162 .88 March 236,974 160,127 1.48 April 43,401 9,966 4.35 Source: Scottrade, as of approx. 3:00pm EST What this tells us, I think, is that there are still alot of bears out there. Even though options buyers are…
In his semiannual testimony before Congress which began this morning (Wed) at 10am EST Fed Chairman Ben Bernanke said that he is comfortable with current interest rate levels and that the factors contributing to inflationary risk appear to be waning…
Our S&P 500 calls (Jan07 $137) expired last Friday. I closed them out in the last hour of trading on Friday for $5.90 – (I forgot to give the instructions to do so here on the blog for which I apologize)….
After yesterday’s huge sell-off I wrote: What say I? DON’T PANIC. Jim Cramer always likes to say: “Nobody ever made a dime by panicking”. In fact, this is the time to have trust in your reasoned convictions and double down. …
Great! Right after I tell everybody to go long the S&P 500 by buying call options the market has it’s worst day in 6 months. The Jan07 SPY 137 calls that I recommended lost a third of their value today…
The Wall Street Journal ran a great article on Monday titled “How Skepticism Can Fuel a Rise: A Rally Too Good to Believe Also Has Cash Waiting to Enter; Acute Optimism Is What to Fear” (subscription required): ‘It is taking…
The market responded negatively to Yahoo!’s mediocre 3rd quarter – even though everybody knew it was coming! Yahoo’s shares lost $1.16 yesterday to close at $22.99 on volume of almost 112 million shares. The shares have bounced a bit today and…
Since reporting 2nd quarter earnings 3 months ago, on Tuesday July 18, 2006 after the close, Yahoo’s stock (NASDAQ: YHOO) has been absolutely hammered. When it announced 2nd quarter results, it also announced that it will delay the release of…
Well I just closed out my trade in Charming Shoppes (NASDAQ: CHRS). As I wrote, on Tuesday I took a position in the Oct 06 $15 puts at 85 cents per. But the selling by the Mad Money fanatics never…
This week (Sept 25-29) is the final week of the 3rd quarter. Institutional money managers are judged, and frequently compensated, based on their quarterly performance and so their is alot of funny business that goes on towards the end of…