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tough times

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  • "I am amazed every day at this rally," says Jim Cramer. "It's very unusual to have the cyclicals, the techs, the financials and the drugs all move at once. It's reminiscent of other times where we saw a radical revaluation in the market." While others may see it as signs of another bubble developing, Cramer sees little evidence. "The S&P is only at 15 times earnings," he notes, and the bond market continues to be a place where you can't get any return. This rally Cramer says, is for real. [View news story]
    Yep, you said it. We know about your calls CIT and what not?
    Apr 11, 2013. 09:55 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Wednesday Recap [View article]
    Eric, thanks for pointing out May call buying in $VIX. It is very clear VIX futures don't budge at all.

    What a day ! FOMC minutes fiasco n new highs ! Now,every tick is a new high. I wonder, what's next stop ? 1600,1650. LOL :)
    Timing of Goldman's bearish note on gold was interesting considering leak of FOMC minutes.

    Its time to buckle up and buy some protection via $SDS OR $SPY.
    Apr 10, 2013. 09:53 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Tuesday Recap [View article]
    Eric, Thanks for response and trade ideas !! :) As I said before too, I appreciate SONAR report very much.I will refresh it many times to make it worth your time. :)

    Have good trading day !
    Apr 10, 2013. 08:55 AM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Tuesday Recap [View article]
    HI Eric, thanks for Sonar report.
    Any special significance attached to level 1574? You mentioned it in your earlier reports as well.
    Just wanted your opinion on following thing, if you can share your thoughts, it will be helpful.
    There are many stocks where you see April options trading at much higher IV's relative to May or June IV's. Take $BBBY case. April options are at 48% while May options are at 31% and june at 26%. Do you think, double calendar is feasible trade in select cases ?
    Earnings could be one reason for elevated IV's in front month. I am sure you must have noticed it.
    Apr 9, 2013. 09:19 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Monday Recap [View article]
    Eric, thnx for your commentary.
    It was really light volume trade today. Also, didn't you wanna wait a little more to buy $SDS calls? The way VIX is falling, it looks like 12 handle isn't far, probably. It doesn't seem market is coming down in a hurry. We had bad economic data whole last week, but market shrugged it off.

    Some are talking of trade closer to 1590-1600 on $SPX.
    What are you views on $FXY in current scenario? is yen destined to go to 110 level?
    Apr 8, 2013. 09:43 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Friday Recap [View article]
    Actually, I meant long strangles in $LULU and double calendars in $LULU. But, I like your idea/trade too. I don't have any trades in $LULU as of now but I plan to do. You are right,that shorting strangles would be very bad idea, at this volatility.

    I bought some strangles in $GLD 2 weeks back when it was above $155.5 (+155P/156C) at 12% IV's. Thankfully, on thursday late afternoon, I closed my trades at decent gain thinking gold has always rebounded from 150 levels. It was good decision to square off,seeing gold's move on friday.
    I am not a gold bug/bear, but I feel it will take something really big of an event for gold to go break below 1540 levels.

    regarding this VIX, Mark Sebastian of Option Pit was also telling that, if we dont see VIX pop above 16 on friday, then market will rebound, which really happened. Though, I don't know his rationale.

    Thanks a ton for your ideas/suggestion.
    Apr 6, 2013. 02:11 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Friday Recap [View article]
    Eric, you are $LULU short. $LULU IV's are in 2nd percentile.
    how about strangle/calendar in may/june options in $LULU ?

    Thanks always for your nice commentary.
    Apr 6, 2013. 09:58 AM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Friday Recap [View article]
    Eric, Thnx for your good calls and report.
    It was action packed day. Somehow, market just doesn't seem to go down. Everytime, we get a dip, by the end of day, market almost recovers, though there are many -ve news around. IMHO, I am surprised by strength n resilience of market.

    Can you please tell, where to follow $NYMO live ? I use, Think or Swim platform. Not sure, if it's there.
    Apr 6, 2013. 09:55 AM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Wednesday Recap [View article]
    totally agree with you regarding SDS strategy ! smaller up-move n larger down-move...

    Apr 5, 2013. 09:20 AM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Thursday Recap [View article]
    Thanks Eric for good work !

    Somebody bought big quantity in Jan 14,40 strike calls in $SLV as well. I wonder, why would somebody buy 40 strike calls in $SLV. That's way out of the money.

    "Today's up closing marks the 12th consecutive day of alternating up/down moves for the markets."
    Thats very good observation. Lets see how it moves.
    Apr 4, 2013. 11:09 PM | Likes Like |Link to Comment
  • Intel Continues To Prove Naysayers Wrong [View article]
    INTC is a good company with good dividend yield. But, price target which you have given in earlier articles are very lofty, IMO.

    Maybe,we are jumping the gun. We should wait for earnings and management commentary. There are many complex variables at play and landscape is dynamic and changing continuously.

    thnx for article. you are uber-bullish on INTC,it seems.
    Apr 4, 2013. 09:28 AM | 4 Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Wednesday Recap [View article]
    Yep, I do follow you on twitter. keeping watch on $NFLX for some bullish trades along with $ENDP.

    Thanks for quick update on futures.
    Apr 3, 2013. 11:04 PM | Likes Like |Link to Comment
  • Today In Commodities: Bloodbath In The Metals Complex [View article]
    Matt,very good call on crude !! IMO, crude will correct more another 2-3% in 1-2 weeks on back of record high inventory.. Lets see how it goes.
    Silver is at inflection point. If $26 level gives away, then it will be in freefall based on technicals.

    Thanks for your report !
    Apr 3, 2013. 11:00 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Wednesday Recap [View article]
    Eric Thanks for detailed report today ! I appreciate your bullish/bearish activity analysis in report.
    One of the name mentioned $IGTE is announcing results on April 11th next week. This call activity could be related to that.
    This $ENDP looks interesting..it could also be that people are rolling $35 strike calls from April to May, expecting further run. $ENDP announces results on May 1st.

    Doug Kass was also tweeting about buying $CIM today

    Thnx as always for your report. Do update on twitter if anything intresting.
    Apr 3, 2013. 10:13 PM | Likes Like |Link to Comment
  • Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
    The moment we see the word " we/he/she believe", its all unfounded and baseless. All rumours !!

    Didn't we have hear enough rumours about special dividend and what not last month on anniversary of AAPL dividend and buyback plan?

    On contrary, I believe this is desperate attempt by sell-side analysts to prop the stock considering far too distant target price of AAPL shares

    Dont trust any of these rumours !
    Apr 3, 2013. 08:57 AM | 2 Likes Like |Link to Comment
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