by Tim Biggam | May 11, 2016 | Uncategorized
AMZN is getting extremely extended at these levels. With premiums very high, looking at positioning in a guardedly bearish fashion with a put calendar trade. Looking to buy the 700 strike puts that expire next week and sell the 700 puts that expire this week. Idelaly...
by Tim Biggam | May 5, 2016 | Uncategorized
SLV has fallen sharply over past several days, let’s use the weakness to grab a quick 30% gain. CLOSEOUT Sell to close the all of SLV June 17.50 puts @ 1.30 or better These expire 6/17/16
by Tim Biggam | May 4, 2016 | Uncategorized
Apple is looking comparatively cheap at these levels, so let’s look to position by selling an an out of the money put spread to take a guardedly bullish position. TRADE IDEA Buy to open AAPL 5/20/16 88 puts Sell to open AAPL 5/20/16 90 puts 0.30 net credit...
by Tim Biggam | May 4, 2016 | Uncategorized
Should be filled on selling the CAT May 75 puts @ 1.60 on the GTC order for a 28% net gain, as they traded through our limit to 1.65 yesterday.
by Tim Biggam | May 2, 2016 | Uncategorized
Silver (SLV) has been on a monster run over the past few weeks, but is reaching overbought levels on a 14 day RSI basis that have coincided with significant tops in the past. Once SLV begins to drop, the profit taking could be the driver for a sharp downmove....
by Tim Biggam | Apr 25, 2016 | Uncategorized
The CAT 4/22 73 puts that were sold as part of the diagonal spread expired worthless, leaving us net long the CAT May 75 puts for a net cost of 1.25. These puts closed at 1.45 on Monday, let’s offer them at 1.60 Good Until Cancelled and see if we can grab a 28%...
by Tim Biggam | Apr 14, 2016 | Uncategorized
Caterpillar (CAT) is normally highly correlated to the price of oil, but over the past month that correlation has broken down. Since March 17th, Oil is virtually unchanged while CAT has rallied 10%. The last time CAT was this rich compared to oil led to a significant...
by Tim Biggam | Apr 4, 2016 | Uncategorized
Market is looking a little toppy at these levels. Price action today was sloppy at best, and with oil now well below the $38 inflection level, should be a struggle to head higher over the next few weeks. With oil struggling, the solar names should start to see a...
by Tim Biggam | Mar 30, 2016 | Uncategorized
Oil rally and oil stocks look to have stalled out. The last rally up ti the $42 level on crude signified the biggest short covering rally on record. With the shorts now done covering, weak fundamentals and a stronger dollar should put alid on a further leg higher....
by Tim Biggam | Mar 7, 2016 | Uncategorized
Sell to close AMZN March 550 puts (expire 3/18/16) Buy to close AMZN March 550 puts (expire 3/11/2016) Net credit 4.40
