Thursday, October 24, 2013
Will AMZN + ZNGA Be Soargasmic For Coral On the Morrow?
OMG in a very big way... At some point, AMZN was +$25 something in Extended Hours Trading - shooting up to around $360 after reporting in-line EPS coupled with better than expected revenues. Can we gap higher tomorrow so I can get in with the Sell the Sizzlers?
Maria said it best: "Zero profits, big returns..."
ZNGA +18% at one point... in value terms, not a very big pop, but since I have November calls, I'm planning on playing this like I played AMD this week - every two levels, baby! I inadvertently stumbled into an interesting money making strategy by getting my money back on the full straddle or strangle, then getting into the higher strike calls to see if there's further upside. Less risk, more fun.
Unfortunately, I let go of those GOOG $1050 calls too soon. At some point in the trading day, they were worth $4.91 during the height of trading ecstasy.
-1.64% SBA
+0.03% Roth IRA
+0.62% DJIA
+0.56% Nasdaq
+0.33% S&P
+0.58% FTSE
+0.46% Eurofirst
+0.42% Nikkei
-0.86% Shanghai
-0.20% SENSEX
-0.71% Hang Seng
+0.21% WTI
-0.79% Brent
+1.21% Gold
+0.03% Copper
-0.56% Corn
0.80 Put / Call Ratio
+0.88% DJT
-1.64% VIX
0.045 Treasurys | DTCC GCF Repo Index
0.042 MBS | DTCC GCF Repo Index
+2.44% 5-Year US Treasury Notes
+1.49% 10-Year US Treasury Notes
56% Advancing Issues on NYSE | 58% Up Volume
41% Declining Issues on NYSE | 41% Down Volume
3% Unchanged | 1% Unchanged
222 New Highs | 11 New Lows
60% Advancing Issues on Nasdaq | 52% Up Volume
37% Declining Issues on Nasdaq | 47% Down Volume
3% Unchanged | 1% Unchanged
238 New Highs | 16 New Lows
Today's Major Headlines
Bitcoin Endorsed By Major Hedge Fund Manager
Twitter Could Raise Up To $1.6 Billion In IPO
Some Guy Thinks The Next 10% Correction Could Be 5 Years Away
In the Matter of Gross vs. Icahn On Twitter...
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