by Ian Cooper | Aug 6, 2015 | Uncategorized
“The worst is far from over, “ I noted on July 27, 2015. The Dow had just broken previous support, we warned, and could send the Dow to 17,250 unless something big happens. Since then, the Dow attempted to stage a move higher on nothing. But that has since failed as...
by Ian Cooper | Jul 28, 2015 | Uncategorized
Weeks after taking nice gains from the Micron put side of the hedge, we’re ready to exit the MU October 20 calls for respectable gains, too. The October 20 call now trades at $1.62 x $1.66, per eTrade. Let’s sell to close that position here to secure the gain. Ian L....
by Ian Cooper | Jul 27, 2015 | Uncategorized
On July 22, 2015, I noted, “The worst is far from over.” I recommended a buy on the DIA November 2015 177 put up to $6 with that note. Since then, the Dow fell another 300 points to the downside. Still, the worst is far from over… The Dow just broke previous support...
by Ian Cooper | Jul 22, 2015 | Uncategorized
There’s just no rhyme or reason to the market these days… China, Puerto Rico, Greece, Russia, Iran, oil, gold… you name it. And it’s making a mess of the market. The Dow fell 200 yesterday. We’re down another 90 today… after challenging historic resistance that’s...
by Ian Cooper | Jul 22, 2015 | Uncategorized
There’s just no rhyme or reason to the market these days… China, Puerto Rico, Greece, Russia, Iran, oil, gold… you name it. And it’s making a mess of the market. The Dow fell 200 yesterday. We’re down another 90 today… after challenging historic resistance that’s...
by ADRIAN MANZ | Jul 16, 2015 | Uncategorized
On Friday July 17, 2015 we will close positions that were opened on June 12, 2015 for a 5.23% loss. Those positions are as follows: Ticker Return % Start Price End Price JAKK 6.2 8.40 8.92 WTW -12.7 4.87 4.25 SAH .08 24.67 24.69 SCHN -7.6 18.51 17.11 BGC -5.9 19.75...
by Ian Cooper | Jul 14, 2015 | Uncategorized
Like a bat out of hell, Micron (MU) came screaming back, as hoped. Just days after taking as much as 59% on half of the MU put options, the MU calls are back as the underlying stock jumps $2 a share. Apparently, China’s Tsinghua Unigroup is preparing a $23 billion bid...
by Ian Cooper | Jul 9, 2015 | Uncategorized
My apologies for not writing to you sooner… I had a bad death in the family. While it’s a bit painful, I have a job to do. And I’m going to do it well. Life happens. He had a great life so I can’t be too down. While I work on updating all open positions and look for...
by Ian Cooper | Jul 9, 2015 | Uncategorized
My apologies for not writing to you sooner… I had a bad death in the family. While it’s a bit painful, I have a job to do. And I’m going to do it well. Life happens. He had a great life so I can’t be too down. I wish I could say I am shocked by recent market behavior…...
by Ian Cooper | Jul 1, 2015 | Uncategorized
We weren’t shocked by the massive sell-off earlier this week. We were expecting it. We knew Greece was trouble. Earlier this week, traders were excited over the possibility of growth in Greece. Shortly after the inevitable news was released, that joy turned to...
