I need a new back!
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When I look @ Graham I start to think of Gronkowski from the Patriots. Basically hurt all last year. Brady had his worst fantasy numbers last year also out of his entire career. I drafted both & thought I had a ringer. No dice.
Reports say that Drew Brees is ok. Well, let's see him on the field. JMHO
Drew Brees is back.
The New Orleans Saints quarterback took part in team drills on Sunday, per The Times-Picayune.
The team had been holding Brees out since Aug. 1 for precaution after the signal-caller suffered a minor oblique strain. Core injuries can be nagging and troublesome, especially for a quarterback's throwing torque, so the Saints wanted to be sure Brees was fully healthy.
Coach Sean Patyon told reporters after practice he anticipates Brees will play in the Saints' third preseason game Saturday in Indianapolis if the quarterback doesn't suffer a setback.
Brees plans to take the field next weekend, too.
"Today was my first day to be full-go," Brees said. "I've been taking it very slow. I wanted to make sure it was all good. I'm still not 100 percent, but I hope by Saturday I am."
Brees wasn't the only player the Saints welcomed back to the practice field. Guards Ben Grubbs and Jahri Evans, receiver Marques Colston and corner Keenan Lewis also returned.
The latest "Around the League Podcast" talks quarterback battles and debates the gang's preseason power rankings.
Thanks for your hard work through out the years!
ukie
AMGN Amgen Inc taking a dive before the close. Head fake?
WHIP, how you doing buddy? Checked out your link. Chart of the day. Noticed that one of the links on the page was "Marijuana Bull Market".
With your geographic location I was wondering if you opened your own head shop or are planning on doing so.
When I was in San Diego a few months ago I couldn't believe all the head shops that sprung up all over the place. Some of them were actually well designed.
My wife & I just wanted to see what new toys were on the market to indulge in smoking pot compared to twenty years ago when I didn't inhale the hit. LOL!
Hope your doing well!
ukie
DuPont 20,000 Call buy. Sept 67.5 Calls. Monthly
Be careful. It opened @ .62, currently trading .91 x .93
British Open:
Scott, McIIroy, Woods, Kaymer & Day. TB 279
Thanks
ukie
According to OptionMonster.com’s Jon Najarian the news is great for Amazon but it hardly puts to bed stubborn concerns regarding consumers. In the attached clip Najarian says he’d want to be long puts on just about any retailer going into earnings next month, despite expecting Amazon to continue to “crush it” in terms of sales.
Amazon’s blow-out adds a wrinkle to conventional view that the consumer is in a funk (to borrow a phrase from the CEO of the Container Store (TCS). While Lumber Liquidators (LL), Gap (GPS) and Walmart make a compelling argument that shoppers have gotten more conservative it’s belied by the fact that auto sales are at post-recession highs and select results from retailers on the higher and lower ends of the spectrum.
It’s not that hard to avoid the conventional wisdom traps for investors. The trick is to remember this historical truth regarding merchants: bad weather and tough economies somehow find a way to hit weak retailers the hardest. This economic recovery while robust by many measures hasn’t been strong enough to bring spending back to where it was. As long as stocks like Lumber Liquidators can plunge 20% on weak sales it’s a safe bet there’s more risk than you think in being long specialty retail shares.
The ask was $1.95 this morning. Hate coming in late
when profit taking could knock the price down.
DKS Dicks Sporting Goods moving. August 45 Calls.
All DKS needed was a trigger catalyst, and NKE’s earnings could just do the trick. With a massive void to fill to $50.00, DKS could have plenty of blue sky ahead.
I was looking @ the July 75 Nike Calls & they went down .06 as I wrote the last message.
The reason I am high on Nike I'm sure they will announce a few signings from the top picks from the NFL draft in due time. It's just a matter of pulling the trigger @ the right time.
Getting back to Nike, everyone has their own way of interpreting the way one reads his or her charts. If you're a technical trader.
Looking @ the MACD & Bollinger Bands (3 & 5 minute charts) I believe the bulls are leaving this trade & the bears are in control.
It's just a matter of when you think the bulls will make their move for Calls or will the bears continue & play the Puts.
Welcome to the market.
As you’re probably aware, we have a geopolitical flare up happening in Iraq right now as militants have taken over a number of cities. This is clearly bad news, and has created some level of unrest around the world.
While this news may not be considered critical at this point, in my eyes it could certainly serve as a reason for market participants to be taking profits right now. This is probably what we’re seeing with the weakness from last week, but these sell-offs seem extremely orderly, and without a hint of panic.
So if this is all the downside maybe it's time to be looking for more upside, and we have a nice opportunity right now in NKE.
NKE has pulled back off its highs, but has held support at $74 very nicely over the past few days. And, Wednesday afternoon buyers came in for a few thousand July 80 calls. Couple this with the bullish paper we’ve seen before that is still in open interest (10,000 June 75 calls) and I think we have a nice entry in NKE here. JMHO!
Hey DEEJ, getting back to that earlier post, I know sometimes I post 10 to 20 messages a day. Then I feel like I'm taking over the board which is not my intent. So I scale it down a bit.
I put trades & ideas out there so others could contribute but when it's quiet I guess I get quiet too.
I must be missing something. Maybe it's the meds.
$$$DEEJ~MONEY$$$'s Friday Stats~~ June 13th, 2014 ???????????
Streak~~ 1 Profit (Record~~ 11 Profits in a row)
This Week~~~~~~ 3/5 (60%)
Last 5 Trades~~ 3/5 (60%)
Last 7 Trades~~ 5/7 (71%)
Last 10 Trades~ 5/10 (50%)
Last 20 Trades~ 7/20 (35%)
JUNE~~~~~~~~~~~~ 5/10 (50%)
11 profits in a row! Nice job.
ALK took an early beating. July 95 puts went from $3.00 to $4.60
on oil concerns in the mid east. Slowly bouncing back. Just don't know if it is worth buying because if it bounces back a bit it could stall at this level. 95 Calls were $2.40 & bounced back to $2.85. Will it stall here or not? Don't know.
Hey man! I never left! My profile does state that I am permanently disabled. When I'm able to contribute this is my board.
My wife of 27 years is having surgery next Tuesday. She'll be out of work 2 to 6 weeks. So again, I don't know how it will effect my trading. Don't like leaving positions open. Especially options.
But I'm around.
Hope you guys are doing good!
ukie
LMAO! I got a alert to buy puts on YELP @ $4.60. Didn't feel right. It's at 2.50 now.
Poor bastards who got in.
Waiting for a sell off, if one comes then I'll jump in.
Looking @ my quotes page everything is trading in a tight range except for DDD & Z. Hard to make money that way. Need volatility.
Hence (I hate that word) FOMC.
Federal Open Market Committee - FOMC
Definition of 'Federal Open Market Committee - FOMC'
The branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents. The president of the Federal Reserve Bank of New York serves continuously, while the presidents of the other reserve banks rotate their service of one-year terms.
Investopedia explains 'Federal Open Market Committee - FOMC'
The FOMC meets eight times per year to set key interest rates, such as the discount rate, and to decide whether to increase or decrease the money supply, which the Fed does by buying and selling government securities. For example, to tighten the money supply, or decrease the amount of money available in the banking system, the Fed sells government securities. The meetings of the committee, which are secret, are the subject of much speculation on Wall Street, as analysts try to guess whether the Fed will tighten or loosen the money supply, thereby causing interest rates to rise or fall.
DEEJ, I was kidding! I was waiting for a come back! You're right.
Too much risk.
Chicken little! LOL!
Sold BRCM for a 2 cent loss. Crazy stock. Too many shares.
good morning deej, YU the rest!
Have to carry Broadcom into tomorrow. Sucks.
Profit taking knocking it down. Sea of red.
Not too many choices to take profits from.
Tons of shares. Doesn't move to easy in respect to shares bought & sold.
Played it on a hunch. Someone bought 8,000 June 32 calls & went along for the ride. Hope it pans out.
Broadcom moving on 11 mil volume. Calls @ .40 x .42 from .37
Total speculative play on my part. Bought BRCM June 32 Calls @ .37
Sold Yahoo. June 35 Puts @ 2.54 from 2.10. Gain of .44
I'll take it!
Yahoo in a free fall. Looking good. 2.54 x 2.56
Here we go. Yahoo puts 2.29 x 2.30
Yahoo, come on baby. You came crawling back now show me some love.
2.10 x 2.11
Looks like gloomy skies for the next few days in & around Chicago.
The Black Hawks are an array of sun shine right now.
Chart-wise, YHOO’s rally on the arrival of new CEO Marissa Mayer gave way when the market fell into a funk last January. Now we have a broad inverted bowl, with ever-larger follow-on losses after each touch at the trend’s top line.
And price just ran to the top line after YHOO declared “smaller-than-expected losses” and is now fading into its next downside cycle. If YHOO slippage is only average, it could fall as far as $30.95. But losses are actually accelerating right now, and if YHOO follows suit again it could extend that dive to $29.09.
Now, all that presumes a genuine market breakdown. If all YHOO does is drop to it’s recent bottom at $32.15, that -8.72% drop would still be enough to push select put option contracts to 25% to 30% gains.
Bought Yahoo Puts June 35 For 2.10
Good morning boys!
Just throwing ideas out there. Ugly day.
Don't feel comfortable jumping into QID right now.
GM DEEJ. Looking @ JPM July 55 Calls. Waiting to see if it could break the low of the day & keep on going. Then I'll jump on the calls.
JPMorgan Chase (JPM – NYSE) announced worse-than-expected performance for Q1 2014. In all honesty, earnings didn’t change all that much quarter-on-consecutive quarter. But when measured quarter on same quarter, revenues were off 8% and income was down 19%. Most of this was due to a 17% fall off in trading revenues.
JPM’s share price was punished -8.5% for the failure. But the one thing we’ve learned from watching CEO Jamie Dimon work is that he will roll through those trading rooms with a whip and a rod if he has to, and JPM will correct these errors.
Add to that the fact that JPM will continue to receive a flood of virtually free money from Janet Yellen’s oh-so-accommodating Fed, and it’s a reasonable trading theorem that JPM will rebound from here.
Let’s run through the stats and chart to see if they support that theorem.
•JPM is trading for $55.10 with 3.79 billion shares outstanding, yielding a market cap of $208.65 billion.
•Revenue for the past 12 months was $94.02 billion, and quarterly revenue slipped -9.60% year-over-year.
•Gross profit was $96.38 billion, net income available to common shares was $15.36 billion, earnings per share was $4.04, and quarterly earnings fell -19.20% year-over-year.
Yup, that’s just as awful as we thought. It’s so bad in fact, that if it happened twice in a growing economy, Jamie Dimon’s job would be on the line. Now, I don’t much like Dimon, but we don’t see him surviving the great recession and the near collapse of the European Union only to get fired in an up market.
When we look to JPM’s chart, we see that attempt at a bottom I mentioned earlier, as price hits the 200-day moving average and the bottom line of the rising trend. In essence, this is the same setup we see in the larger market.
Over the past 102 weeks, JPM has executed nine previous rebounds like the one we propose. The median follow-on gain was +18.85% and the average gain was +20.51%. A similar rebound now would see JPM hit $65.05.
That’s a pretty speculative target, especially in a market that hasn’t proven it can breakout yet. I would suggest that conservative traders aim for the 50-day (10-week) average, which I anticipate will be in the vicinity of $58.41. That should still net you 25% to 50% gains on select call options.