Earnings related option trades
Buy PANW US 12/21/18 C220 Equity with delta hedge
Take profit on 1288HK to reduce our EM allocation
1288 HK's EPS grade is down to a bearish level (37), while the share price has rebounded below the 200 days MA. Our matrix stays short EM and accordingly we trim our exposure of long…
Take profit on our short on US Utilities
US Utilities have under-performed by 7% since the date of our short on the 06 September. 10 Year US rates are up and are just below 3.1% before the FOMC. The XLU is now overbought in…
short HAS US
The bilateral agreement reached with Mexico last month calmed fears that the US was engaging in a “war on trade” as it showed a willingness to compromise to preserve NAFTA. (see details in our Trade…
updates after September option expiration
Some of our trades have been unwound last week, either as they have reached their targets like our Burberry (BRBY LN) short at 1960, or have been settled in the option & futures expiration on Friday…
We close our short Tesla
Tesla is back to its low range and our EPS growth grade has rebounded to a bullish level. Thus, by just focusing on our process and avoiding all the noise about Musk tweets, it is time…
Short DLG GY
Most Semiconductors have been hit by KLAC comments and Micron analysts' downgrades (Micron announced that NAND chip prices fell in the third quarter. NAND products currently account for about 37% of Micron’s total net sales. After…
Short XLU above 54.6 for a 51 target
US Utilities have outperformed since February and more recently with the global correction in equities. But our US sector matrix stays between neutral and underweight on utilities (interestingly both financials and utilities have seen their matrix…