TLT190201

TLT Long Put Spread

This Trade Is How long will this “Powell Pump” last? The bond market is buying into the low-rate story quite literally with /ZB and /ZN rallying yesterday on the strongest volume they’ve seen in a couple weeks. All bond and note prices are ...

XLI190131

XLI Long Put Spread

This Trade Is BA has a lot going for it. It scored good earnings yesterday, the Fed looks like it will keep rates low for a while, and one of its 777s registered to Russian airline Nordwind was recently spotted in Caracas ready to spirit a ...

SMH190130

SMH Iron Condor

This Trade Is Apparently earnings weren’t enough for us to follow. Now we have to watch for pre-earnings “guidance”. Why? NVDA dropped the equivalent of 3.5 standard devs over the past two days after it announced on Monday that weaker Chin ...

BMY190129

BMY Short Put Spread

This Trade Is Looking for stocks with high IV ranks, none other than BMY popped up with 60%. Its vol didn’t drop much after last week’s decent earnings, perhaps due to the uncertainty around its Celgene (CELG) bid. BMY’s price did fall a b ...

DE190124

DE Iron Condor

This Trade Is Despite the drama of the US-China trade wars on which agriculture sits on the front lines, grains have been relatively flat over the past month. Even though the growing season is in the southern hemisphere, the US inventories ...