Weekend Portfolio Analysis (April 18, 2015)

Market Conditions The markets were relatively quiet this week with the indexes quietly attempting to reclaim their recent highs until Friday where fast selling clobbered the major equity indexes. The SPX opened the week at 2102.03 and closed on Friday at 2081.18, down 20.85 or 0.9%. Volume was light most of the week, although it…

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Two Trades for April 13, 2015

Today I entered two new trades, a credit put spread in SPX and an earnings trades in Johnson & Johnson (JNJ). In the Weekend Portfolio Analysis I indicated that I would be looking at several earnings trades this week. JNJ reports earnings before the bell tomorrow morning and offered favorable risk/reward potential. Just sold a…

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Weekend Portfolio Analysis (April 11, 2015)

Market Conditions This past week the market retraced the past two weeks of declines with the SPX opening on Monday at 2064.87 and closing on Friday at 2102.06 up 37.19 or 1.8% on the week. Despite the dismal Non-Farm Payrolls report last Friday, the market opened strong on Monday. The major indexes are all, once again, poised to set new…

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GRPN Earnings Trade

Earnings announcements are made by publicly traded companies on a quarterly basis. The earnings announcement will be made after the close of the market or before the opening bell. Because of the uncertainty that surrounds these announcements (stocks can increase or decline significantly after an earnings announcement), the nearest term option prices will be highly…

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