Unprofitable:  I lose money on this trade if PAY closes above $48.30 June 15, 2012.  The most I can lose on this trade is the amount I paid can be worth $1 minus the price I sold it for, $.30 for a total of $.70.  

Reason I Like This Trade:  PAY has sold off 3 times on earnings and the stock looks very weak and has all its moving averages higher.  I think if it does rally then it will get selling pressure.

UPDATE 5.29.2012  This Spread is currently worth $.05, but no trade is a winner until it is closed.  I will leave this trade on as there is little hope for PAY to rally to $48 in 13 trading days.

UPDATE 5.31.2012  Another winner, but leaving it on until it goes to zero. 

While analysts expected earnings to total 69 cents a share, Tiffany’s reported a company profit of onl $81.5 million, or 64 cents a share. Additionally, compared to last years earnings of $81.1, or 63 cents per share, Tiffany’s slow growth highlights the lack of spending on price sensitive goods. Moreover, Tiffany’s reported that their revenue increased by 8% to $817 million. However, sales fell below analysts estimates at $819.2 million. Finally, Tiffany’s lowered their 2012 EPS to $3.70 to $3.80, well below analyst expectations of $3.97. Previously, the company forecast earnings per share of $3.95 to $4.05.

However, Pandora is up $1.48, almost 15%, due to larger than expected sales growth. Finally, Oil has increased slighty above the $90 mark and gold is up $20, a change of 1.3%. Looking forward to tomorrow, the consumer sentiment index is released tomorrow morning at 8:55 CST. For more updates, follow Andrew on twitter at @keeneonmarket or like us on facebook at https://www.facebook.com/KeeneOnTheMkt

The Hang Seng closed down over .6% and the Shanghai composite lost a quarter of a percent, driven down by poor results from a private survey on the Chinese industry.

The FTSEurofirst 300 is rebounding, up over 1%, with investors picking up bargain stocks after yesterday’s drop of 2.2%.

The Euro hit a 2 year low today after Germany released economic data suggesting no European country is safe from crisis.

The day has a positive outlook for commodities with crude and gold both up, while silver and natural gas are down slightly.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

– Soybeans are making new low

– Market Burned the bears into the close. Nice Doji Dragonfly today hightens probability of ralling from here.

– Greece is a train wreak

– Metals are still under pressure

– US King Dollar is Stream Rolling Higher

– Bongs are are record low yields and the German 2 yr hit 0.0% today. ZERO RETURN FOR 2 Years.

– Crude still sliding

– HPQ raging in the after hours

– Dell got Crushed