Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
We all get these, but it doesn’t make them any less entertaining…
This time, Ms. Annette even carefully spelled out the ticker symbol – ya know, to make things easier for calling your broker.
From: Annette Meyer [mailto:[email protected]]
Sent: Tuesday, April 25, 2017 4:09 AM
Subject: By tomorrow evening this stock will be twenty times higher
Did you read my urgent email yesterday?
An S&P 500 heatmap from Friday shows the extent of the Red Sea inspired from across The Pond. However… money flowed into one stock that actually hit new highs. These are great days to isolate equities with concentrated capital chasing alpha.
What better way to celebrate new found volatility than to offset bearish blog bias with bullish resistance ???
Check it out:
The MO MO Trade
For nearly 2 years, waiting for pullbacks, loading, then unloading on measured move highs has been a nice strategy for Altria. Lather, rinse, repeat. Of course, this doesn’t have to last forever, but as long as the higher highs > higher lows trend continues, we’ll stick with it. (more…)
Fly like a butterfly, sting like a bee…
The pre-earnings option analysis for CMG is interesting. We see lots of volume churn in this week’s options in bullish strikes, but little to show for it in fresh, sustained open interest.
In Chicago we have a saying – the tape doesn’t lie.
Check out the open interest for the February 2016 option contracts on AAPL prior to earnings today. This snapshot was taken at approximately 11:28AM ET on January 26 (the morning before the earnings release) and AAPL was trading right around $100 at the time. Open interest suggests many permabulls were loading up in the days leading up to Tuesday’s earnings release.
Then, check out the disparity in put option contract volume today. Who knew?
Where will AAPL head on Wednesday? The market maker move was anticipated at roughly +/- $6 above or below that nice round $100 level. What will AAPL do on Wednesday? Who knows.
The best thing about weekly scheduled “news” events is that they can offer volatility and entertainment. The worst thing is that unsuspecting retailers regarding them as actual “news” and don’t recognize news events and scheduled releases for the scams that they truly are.
This week’s exhibit in the you-can’t-make-this-stuff-up category is none other than light, sweet, and lately crude West Texas Intermediate.