9:05am (EST)
What a ride. As an option trader these are exciting times…
The great thing about the market is everyone has a different opinion on a stock or where the market is headed. It’s what makes it a market. The more people disagree on where something is headed or what something is valued at, the more heated the debate can become which can lead to wild price swings.
We knew yesterday’s open was going to be a train wreck; we just didn’t know how bad it was going to be. The Dow dipped to a low of 10,185, a loss of 189 points at one point yesterday, before climbing back to finish with a much smaller loss of 53 points to close at 10,321.
The S&P 500 managed to bounce off its low of 1,086 to close with a modest 2 point loss and finished at 1,102. Tech almost got the “W” for the Nasdaq but the index also fell 2 points and closed at 2,234.
In economic news this morning, the Commerce Department reported Gross Domestic Product rose to 5.9% for the October-December quarter while Wall Street expected GDP to remain unchanged at 5.7%.
As far as earnings, Deckers Outdoor (DECK, $106.16, up $4.13) is soaring this morning and is up $9, to $116, in pre-market trading. The company earned $68 million, or $5.22 a share, up from $41 million, or $3.07 per share, a year earlier. Wall Street had been expecting earnings of $4.28 a share.

One interesting rumor that is making the rounds is Apple (AAPL, $202.00, up $1.34) doing a 4-for-1 stock split. Hmmm…we have been clamoring for a 2-for-1 split but we’d rather see Apple at $50 instead of $100.

As we head to press, Dow futures are up 2 points to 10,318 while the S&P 500 futures are higher by 1.5 to 1,104. The Nasdaq 100 futures are off by a point and are at 1,812. Subscribers, check the Members Area for the updates.
Tags: Apple stock split, option picks, option signals, options alerts, stock options trading
This entry was posted
on Friday, February 26th, 2010 at 9:08 AM and is filed under Company Commentary, Earnings, Economic News, Market Commentary.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.
Futures Flat Ahead of Open
9:05am (EST)
What a ride. As an option trader these are exciting times…
The great thing about the market is everyone has a different opinion on a stock or where the market is headed. It’s what makes it a market. The more people disagree on where something is headed or what something is valued at, the more heated the debate can become which can lead to wild price swings.
We knew yesterday’s open was going to be a train wreck; we just didn’t know how bad it was going to be. The Dow dipped to a low of 10,185, a loss of 189 points at one point yesterday, before climbing back to finish with a much smaller loss of 53 points to close at 10,321.
The S&P 500 managed to bounce off its low of 1,086 to close with a modest 2 point loss and finished at 1,102. Tech almost got the “W” for the Nasdaq but the index also fell 2 points and closed at 2,234.
In economic news this morning, the Commerce Department reported Gross Domestic Product rose to 5.9% for the October-December quarter while Wall Street expected GDP to remain unchanged at 5.7%.
As far as earnings, Deckers Outdoor (DECK, $106.16, up $4.13) is soaring this morning and is up $9, to $116, in pre-market trading. The company earned $68 million, or $5.22 a share, up from $41 million, or $3.07 per share, a year earlier. Wall Street had been expecting earnings of $4.28 a share.
One interesting rumor that is making the rounds is Apple (AAPL, $202.00, up $1.34) doing a 4-for-1 stock split. Hmmm…we have been clamoring for a 2-for-1 split but we’d rather see Apple at $50 instead of $100.
As we head to press, Dow futures are up 2 points to 10,318 while the S&P 500 futures are higher by 1.5 to 1,104. The Nasdaq 100 futures are off by a point and are at 1,812. Subscribers, check the Members Area for the updates.
Tags: Apple stock split, option picks, option signals, options alerts, stock options trading
This entry was posted on Friday, February 26th, 2010 at 9:08 AM and is filed under Company Commentary, Earnings, Economic News, Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.