A lot of put-buying last Friday and today we're seeing those returns. The first trade he saw today were 30,000 IWM puts. IWM covers the Russell 2000, down 4% today as of noon.
options Energy amounts to 30% of his holdings. He bought more Shell today because he saw some unusual action in the options market. The price of crdue may not be doing much, but there is certainly options action in it. He'll keep buying energy.
options Options in GS gives him versatility--he can sell options against it. GS has incredible implied volatility, so he can at least withstand this current downside. He bought this close to $312 and it's now $284, but he just took in over $20 in option premiums.
options Put-buying today of 20,000 of the July 9 puts for about 30 cents. That's interesting because they own the June 10 puts, made money, sold them and rolled to July 9. The stock was trading at $9.60 at the time.
options On Friday, investors were buying the 44 strike June calls. Now, they're buying the July 40 calls. Interesting, even though shares have pulled back 4-5% since last Friday. Investors will want to be in there. There was a buyer of nearly 11,000 of the July 40 calls for $1.75. That's why he believes energy still has more upside--there's unusual option calls to the upside.
options Still owns it and happy to despite it hitting a 52-week low. DRAM pricing is strong, though, and the cloud computing space is promising to them. They're stepping up to the plate. Super balance sheet and free cash flow. Many reasons to like it, even as markets fall lower.
Today's sell-off indicates a loss of faith in the Fed who wrongly called inflation "transitory." Would the market view a 75-basis point hike by the US Fed on Wednesday as panic? No. In fact, the market would be relieved, welcoming it to fight inflation.
In recent weeks and today, she had sold some names and is now buying them back. They're down 45-75% from their 12-month high. But she's looking forward and these names inevitably will be higher than today.
In recent weeks and today, she had sold some names and is now buying them back. They're down 45-75% from their 12-month high. But she's looking forward and these names inevitably will be higher than today.
In recent weeks and today, she had sold some names and is now buying them back. They're down 45-75% from their 12-month high. But she's looking forward and these names inevitably will be higher than today.
Let's just have a string of bad days (or weeks), flush it out, get it over with and call it a bottom. In some ways, she welcomes today's harsh sell-off though today (and last Friday) were terrible sessions for markets. There's still further down to go. What is the right market multiple to bounce off?
Bitcoin is crashing Some investors are losing a lot of money, confident that cryptos were immune to inflation--that is not true. Also, there isn't a long history of cryptos to reflect on.
Semis still face a lot of headwinds. The semis signal cyclicality in the market; they are guilty by association in the market. She prefers cloud software.
Cash as a top pick Would sit on the sidelines leading up to Wednesday's Fed meeting. The second half of the year could be better than the first, but later in the year.