ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I am always on the hunt for trading opportunities in solar stocks. For a third time, ReneSola (SOL) appears to be a long opportunity. My previous two attempts failed as I bought calls instead of shares. Purchasing shares instead of calls would have left me flat at this point. I am looking for a charmed … Read more
Soon after Google’s earnings I bought a November 570/580 call spread given that the year-over-year revenue growth rate finally seems to be turning around and revenue per employee looks ready to trend upward as well. I am finally getting around to explaining the move (as I promised to do) now that GOOG has reversed all … Read more
It appears that this month’s WYNN strangle options play will fail. Relative calm has returned to WYNN (Wynn Resorts Ltd.) shares as the stock has remained flat since I launch the trade. There have been moments of action. WYNN dropped over 10% from recent highs to begin the month, but I chose not to close … Read more
Just thinking about writing this piece makes me cringe. After celebrating gold’s fresh 18-month highs yesterday, it occurred to me that I need to review my biggest whiff of this year: Goldman Sachs (GS), affectionately called “Government Sachs.” I could just as easily call this one “how I missed out on at least 900% returns.” … Read more
Schaeffer’s Investment Research is reporting today that the Macau IPO for Wynn Resorts, Limited (WYNN) has been meet with heavy put buying the past two days. October 65 puts were popular yesterday and the bearish trading has extended to the 60 strike today. The option strangle trade I outlined last week on WYNN uses the … Read more