Seeking Alpha

Jack Haddad's  Instablog

Jack Haddad
Send Message
Jack Haddad
  • Macys was indeed oversold 0 comments
    May 15, 2009 10:50 AM | about stocks: M

    Those who bought thismorning as shares hovered between 11.20 to 11.35 should be smiling now.  Shares have definitely been oversold in the past 7 trading sessions.  For those who are looking to establish hedged positions, consider writing either june strike 12 (slightly out of the money) for 1.05/contract or strike 11 for 1.65/contract.  Both offer great intrinsic time value against the current underlying shares.

    Once again, M shares are the cheapest relative to any retail stock in the sector.  Stock should be trading north of 20 according to EDIBTA

    Stocks: M
Back To Jack Haddad's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Market technicals: I'm accumulating both QID and DXD as the DOW and nasdaq look tired. We have not been able to surpass 10479.
    Dec 23, 2009
  • Amln: today's pullback is a great entry hedged by writing Jan 12.50 calls. Last week's results of Byetta far exceeded epxectations.
    Dec 23, 2009
  • QID: added more to my core position at 20.48. Nasdaq is topping out and is tiring.
    Dec 11, 2009
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.