Seeking Alpha

Tom Armistead  

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  • Cirrus Logic Is Now Marked, Stay On The Sidelines For Now [View article]
    I had been looking to do some speculative stuff and I was studying CRUS when it tanked. I didn't think too much, sort of instinctively went for it.

    I like the approach in the article, good effort to quantify to the extent possible, as factual as possible under the circumstances.

    I'm long a vertical call spread, in the money but breakeven is about 15% below the share price. The Apple thing gives it a lot of implied volstility, but the balance sheet sort of rduces thedownside.
    Nov 12, 2013. 07:25 PM | 1 Like Like |Link to Comment
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