by Ian Cooper | Apr 24, 2015 | Uncategorized
It’s time to exit the Mattel (MAT) July 27 calls for good gains. After some patience, the stock pushed aggressively higher from $22.50 lows to more than $30 today. The call last traded at $3.20 x $3.40. This gives us close to an 89% gain on the call. We exited the put...
by Ian Cooper | Apr 23, 2015 | Uncategorized
I’ve been watching the AT&T trade all day. The underlying stock is up more than $1.30. That move gives us great gains on the AT&T July 33 call and January 32 call picked up at 90 cents and $1.90, respectively, on April 14, 2015. I’m recommending that you sell...
by Ian Cooper | Apr 20, 2015 | Uncategorized
As I noted last week, the markets suck at the moment. It doesn’t matter that we’re up 200 points today. We fell more than 300 just the other day. This is not a picture of market health. This is a snapshot of the S&P 500 over the last couple of sessions. This is...
by Ian Cooper | Apr 20, 2015 | Uncategorized
[Update] Hold all open positions As I noted last week, the markets suck at the moment. It doesn’t matter that we’re up 200 points today. We fell more than 300 just the other day. This is not a picture of market health. This is a snapshot of the S&P 500 over the...
by ADRIAN MANZ | Apr 16, 2015 | Uncategorized
On Friday April 17, 2015 we will close positions that were opened on March 20, 2015 for a 4.1% gain. Those positions are as follows: Ticker Return % Start Price End Price YRCW -15.3 18.98 16.08 BAK 5.5 7.4 7.77 ALJ 5.3 15.06 15.83 JAKK 7.6 6.68 7.19 AVAL 6.1 8.84 9.36...
by Ian Cooper | Apr 14, 2015 | Uncategorized
I won’t sit and lie to you like a host of other editors, analysts, and dreamers. I’ll tell you exactly how it is. The markets suck at the moment. We’re stuck in a directionless market run by amateurs chasing a dream of further upside. But here’s the thing. We’re long...
by Ian Cooper | Apr 14, 2015 | Uncategorized
The markets are not pricing in reality. Consumers are scared to death these days. We can see that in retail spending. Homeownership rates are at 20-year lows. Unemployment isn’t healthy. The labor participation rate is at multi-year lows. The savings rate is moving...
by Ian Cooper | Apr 6, 2015 | Uncategorized
Lumber Liquidators (LL) is coming back very nicely. It’s back above $34 a share. Raymond James just upgraded the stock to outperform with a $40 price target. I’m just as upbeat on the stock, as they are. Hold the stock and the call option. As for Coke, the stock...
by Ian Cooper | Apr 6, 2015 | Uncategorized
I’ve been a trader for 16 years. And I’ve never seen a market this rigged or this disorganized. One day, we’re up hundreds of points. The next day, we’re down hundreds of points. We’re now stuck in a directionless market that’s just bouncing inside a channel between...
by Ian Cooper | Mar 30, 2015 | Uncategorized
It’s another wild start to a wild market. After another series of massive swings in both directions, the Dow is up another 290 points today, taking us back above 18,000. Unfortunately, we’re running right back into overhead resistance again where we’ve failed every...
