https://www.nexiq-usblink.com 960 0 0

New Trade MS Shorting another House of Morgan

HereisapreviewofwhatIwillbediscussingtonightonOptionsActiononCNBCat5pm:

StrongearningsreportsfromJPMandWFCthismorninghavegiventheentirebankingsectorastrongbidtoday?

Firstofall,IreadthroughtheJPMreportandlistenedtotheconferencecall,andIthinkJamieDimondidagreatjobofschmoozingthecrowd,butdidnothingtochangemymindaboutthefutureprospectsofJPMoverthenext6months?

Thepriceactiontodayisnodoubtpainful,butIhaveconfidencethatmyAugustputsandmyshortAugustcallspreadwillbothmakemoneybyexpiry。

Inthemeantime,Iwanttousethisrallyinthebanksasagoodtradingopportunity?

Specifically,JPMsearningsreporthighlightedthebroad-basedweaknessinalloftheinvestmentbankingbusinesses(theretailbankingsidewasstrong,sameforWFC,andtherallyinWFChasmorelegitimacytomeasaresult)?

DimonwasalsonottoooptimisticonQ3capitalmarketsbusinesses,mentioningthattheyretrackingQ2sofar,EuropeandAsiaspecificallyweak?

SoIwanttobuyaputspreadonapureinvestmentbankingname,whichreallyonlyleavesMSandGSlefttoreportnextweek。

ImfocusingonMSforthefollowingreasons:

1)?

MShasaveryhighcorrelationtoEuropeanbanksoverthelast5years?

Europeanbankshavebeenactingquitepoorlypost-Europeansummit?

DeustcheBankmade6monthlowstoday?

Moreover,ItalianandSpanishyieldshavebeeninchinghigher,bothabove6%toclosetheweek,whichisnotapositivesignforsystemicstress?

HeresthechartshowingMSvs。


PREVIOUSNEXT
CLOSE
Your contact info here.
+001 321 65 98
狗65备用_狗65怎么注册_狗65游戏平台下载