ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
It seems traders in ReneSola (SOL) are moving one step too slowly. Options traders loaded up on Oct 7.5 calls earlier this month, only to be greeted with last week’s news that SOL’s revenues would come in a little light based on weaker than expected pricing. SOL also announced a fresh offering of 14.4M in … Read more
Today has been a wild day in the financial markets, and I almost hesitate to jot down my thoughts before the close of trading. However, I will be shutting things down to get the weekend started as soon as possible, so I am writing now while thoughts remain fresh. There is no one theme I … Read more