If you are interested in accumulating BGFV you could consider selling a put. If it reverses, like is has in the past you pocket a % for the reversal or if you wanted a decent entry why not get paid for the pullback? It might not feel great entering this position although it's paid off the last few months as the stock continues it's upward trend.
INDEX:FTSEMIB is clearly in a multiple years Sideways Market. I'm bearish with all the italians markets.
Only yesterday I've shorted the index on IB . Today I've opened a Sell PUT Option.(looking forward to build some other strategy on this one).
The precious metals sector was down hard yesterday on anticipation of further equity market upside post Trump Congress speech today. In this context, SLW was down most on twice average volume. While this would normally make us stay away from the shares, it offers excellent yields on the volatility spike, and a potential opportunity to build a position on the...
POOR FUNDAMENTALS CONFIRMED
Macy's just released disappointing sales figures and guidance.
Announcing 68 store closures and the layoff of 10,000 employees.
The stock is indicated 10% down to 32.20.
Consensus is already quite down-beat on the story, and likely to become even more so.
Expect downgrades on the back of the news.
VOLATILITY PICKUP EXPECTED
The...
