Author: Andrew Keene
A Note On Bitcoins 3.28.2013
Many remain wary of the Bitcoin market. A series of highly publicized Bitcoin “thefts” by hacking groups have left even Bitcoin veterans with concerns about the security of the online storage systems, referred to as “wallets”, used to house individual’s stores of the currency. Many national governments also fret over the “untraceable” nature of the currency, fearing that the surge in value may be bolstering the holdings of illicit drug dealers or terrorist organizations. Traders should look out for further attempts by national governments to regulate Bitcoin markets, as some fear that a successful attempt to do so would remove the novelty from Bitcoins as an instrument and pop what many see as an overvalued commodity bubble.
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William Randall
KOTM Contributor
wrandall1@luc.edu
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Has $AAPL Bottomed? $AAPL $QQQ 3.28.2013
EV/EBITDA is an interesting metric to use here. This multiple is a comprehensive figure used by most professionals, in addition to PE ratios. Enterprise value takes out cash, so AAPL’s valuation is organically displayed without its massive cash hoard. This does not mean however that one should go out and load the boat on AAPL, for technicals and traders control the tape in the short run. Fundamentals do, however, prevail in the long run. The longer time period is what most investors are playing for in AAPL. The firm is expected to announce a series of product refreshes later this year, around Q3.
Keene & Knuckman Square Off On Traders Unplugged 3.28.2013
Andrew Keene: US Market Unconcerned With Europe in the Near-Term 3.27.2013
S&P Emini Pivot Points for 3.28.2013
Apple & Google Pivot Points for 3.28.2013
Trade of the Day 3.27.2013
My Trade: Buy the NYT Oct 10 Calls for $1.10
Risk: $110 per a lot
Reward: Theoretically Unlimited
Breakeven: $11.10
Greeks of this Trade:
Delta: Long
Gamma: Long
Vega: Long
Theta: Short
Biggest Bearish Activity 3.27.2013
Paper bought 855 AIZ June 37.5 Puts for $.50 (19.4 times usual volume)when stock was trading $43.99
Paper bought 400 EEP July 27.5 Puts for $.575 (3.5 times usual volume)when stock was trading $29.72
Paper bought 1500 AXL April 13 Puts for $.30 (5.3 times usual volume) when stock was trading $13.44
Paper bought 1570 TWX April 55 Puts for $.71 when stock was trading $56.17
Paper bought 600 BRFS June 20 Puts for $.55 (23.4 times usual volume) when stock was trading $21.99