A Purr-fect Call Spread?
Hey Traders, Another day, another meme stock … This time, WallStreetBets netizens are targeting Petco Health and Wellness (Ticker: WOOF), boosting the stock in a big way to start the week. So what’s up with WOOF? Are Reddit traders just that enthusiastic about kibble and cat bells? Of course not. WOOF is the latest speculative […]
Risky Business
Hey Traders, Sometimes it feels like this bull market will never end … We’ve had years of outsized market returns at this point … and even though there’s always someone banging on about a “correction” coming our way … any downturns we’ve seen have typically been short-lived, and often underwhelming. This week we’ve seen the […]
Risky Business
Hey Traders, Sometimes it feels like this bull market will never end … We’ve had years of outsized market returns at this point … and even though there’s always someone banging on about a “correction” coming our way … any downturns we’ve seen have typically been short-lived, and often underwhelming. This week we’ve seen the […]
Some Volatilities Are Really Low
Hello Pit Crazies, Another weekend in the paradise of summertime Maine … and I still can’t get Griff’s Dollar Mess out of my mind. Even fishing is not helping! Also, I want a trade — but I want the market to pay for it. I keep looking at Mark Sebastian with […]
Gold ‘N’ Volatility
Hey Traders, It was another up week for the markets, with the S&P 500 (Ticker: SPX) notching yet another record close on Friday … And, notably, we saw the CBOE Volatility Index (Ticker: VIX) close at a post-pandemic low on Thursday and Friday, ending the week below 16! It feels like things are starting to […]
These Travel Stocks Could Be Taking A Trip Higher
Hey Traders, Like I talked about last week, travel stocks are looking like they may be one of the last remaining places to pick up some “reopening” upside. As things start to go back to “normal,” people are ready to get the heck out of the house, and start moving around freely again. Last week […]
They’re Back!
Yo Pit Crazies, I’m back! And as I tried to get back into the swing of things Friday, I laid on the couch contemplating … my creaky back and meme stocks! Too many backs there — but could the markets get back to normal? By the end of the day Friday, […]
How To Spot a Short Squeeze
The Trade to Make a Difference Next Week
Hey There Income Hunters, We have a big week coming up, especially after yesterday’s hourly earnings number that was up double over consensus. Workers are needed badly and employers are paying up. This Thursday, I expect another strong consumer price index (CPI), possibly reaching 5%. Treasury Secretary Janet Yellen will also be auctioning plenty of […]
Who Will Be The Next Big Meme?
Hey Traders, Well, the meme crowd got me. I am officially recanting my “AMC won’t hit $50 by Friday” statement, because, well … we all saw what happened, right? Chart courtesy of StockCharts And as much as I thought we’d hit peak meme this week, a closer look into the options pits makes me think […]