I’m looking to enter the 135/140 bear call spread if PPG trades lower then 134.48. The stock looks weak and is up against resistance.
Too much inventory: CROX
CROX is the company that makes those little plastic shoes that my kids used to wear when they were little. I will confess to trying them myself and they were quite comfortable but I felt too awkward to wear them. I think the company is setting up for the bearish leg of a dead cat bounce following earnings next week. There isn’t an exact date for earnings yet, but I am assuming it will be before next Friday so I am not too concerned about time-value. (more…)
Long Oil and Gas Explorer Halcon (HK)
TRADE IDEA:
LONG HK MAR $7 CALL @ 1.30
Current share price = $8.10
Target share price = $11.25 (based on inverse head and shoulders price objective) (more…)
Priceline calls
Get in the trade before earning and get out one date before earning
AMZN – Figuring Out Success in the Mobile-Driven Slow Growth Economy
by Ren Richardson, Learning Markets analyst
Amazon (AMZN) is trading at 99x earnings. On its face, this is jaw-dropping, even with the markets back to within 8% of their 2007 highs. Adding to the perplexity is the fact that consensus estimates for the third quarter have dropped to a loss of -$0.08, down from $0.13 several weeks ago. (AMZN reports on Thur, Oct. 25.) This would be AMZN’s first quarterly loss in over ten years. (more…)
Risk/Reward Weekly Oct 12 Google Calls
Google has been on a strong run lately. I purchased some $800 Oct Monthly calls @ $3 per call and sold $7.50. The momentum of Google reminds me of Apple pre iPhone 5 release. They are going up for good reasons. They intelligently invest capital into innovative research (automated cars) and have a steady and growing business of analytics, ads, search, mobile OS, maps, e-mail, and storage. I am most excited about GOOG’s YouTube service. As of now, it is the easiest and most common way to play an individual song by an artist on a web-based platform (until Spotify becomes the go-to method). (more…)
Long option call on HOV
Alright – - this one seemed easy. Too easy. The home building market is clearly coming back. 15 months from now there is no way on God’s green earth that HOV won’t be over five bucks. It’s already at four. So I bought 15 contracts for that call on Friday but I am thinking of adding more. (more…)
Long Home Builders (TOL)
TOL Reports earnings next week and has been stuck in a channel for over a month. The fact that TOL has not rallied while the market has been drifting higher is a bit of a concern but when I saw the NAHB sentiment survey this morning I started to think this is undervalued. (more…)
Looking for APOL to fall with DV
devry university came out after the market closed today and said they aren’t going to be doing so great this next quarter. I guess costs are rising and tuition is falling. That doesn’t sound like a good combo. (more…)
Going Long the Japanese Yen – FXY
For a while I thought the Bank of Japan might intervene more heavily and try to drive the yen down while they had some momentum to do so. However, I think the window of opportunity has passed and if anything gets sketchy tonight with the Chinese economic announcements and such we are likely to see a good pop in the value of the yen. (more…)