Pre-market movers:
First Solar (FSLR) - Started at "Buy" by Kaufman. Given how FSLR has under performed the market, we have to watch this carefully as we have 90/95/120/125 iron condor.
Apple (AAPL) - Apple is trading at $230.86. The April 230/240 vertical spread continues to expand. At some point before iPad launch on April 3rd, I'd be looking to close the trade and take profits.
Coal Stocks - Deutsche Bank upgraded three coal stocks this morning (BTU, ANR, ACI). The momentum in coal names continue and we already have bull put spreads in MEE and PCX.
About Me
- Fahad Khalid
- Chicago, IL, United States
- I have Masters in Business (Accounting and Finance 2003) from Michigan State University. I have been trading the market since 1998. Prior to picking up trading as a full-time career in 2008, I was a management consultant at Alvarez & Marsal and Conway MacKenzie for four years. I provided turnaround, crisis management and restructuring services to financially distressed firms. Prior to working in turnaround, I worked in Audit & Assurance at Deloitte & Touche for two years. Trading in the market has always remained my side business ever since I started college. 90% of the time, I trade through options. I love volatility skews and positive Theta plays. While I make a lot of directional bets, in general my favorites are to take advantage of high implied volatilities through calendar or butterfly spreads and vertical credit spreads. I never buy straight calls or puts and I do a lot of exotic multi-leg option trades.
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