By Steve SearsGoldman Sachs is telling clients to hedge the bio-technology sector in anticipation of a sharp decline. Early Monday, the bank told clients to buy SPDR S&P Biotech ETF (XBI) December $230 puts. During the pre-market, the ETF was priced at $255, and the put was at $15.50.
SSPL via Getty Images
“These puts are about 10% out-of-the-money and cost about […]
By Steve SearsGoldman Sachs is telling clients to hedge the bio-technology sector in anticipation of a sharp decline. Early Monday, the bank told clients to buy SPDR S&P Biotech ETF (XBI) December $230 puts. During the pre-market, the ETF was priced at $255, and the put was at $15.50.
SSPL via Getty Images
“These puts are about 10% out-of-the-money and cost about […]
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What the Heck Just Happened in the Global Markets?
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1. The commodity rout continues to pull down global stocksAsian stock markets dropped for the fourth day, Bloomberg reports.China’s stocks tumbled, with its benchmark index falling the most since February 2007 on concerns the Chinese government won’t be able to continue propping up the market. The Shanghai Composite Index plunged 8.5 per cent to 3,725.56 at the close, as 75 […]
Related BIIBMid-Day Market Update: U.S. Stocks Slide; Marketo Shares Surge On Earnings BeatMarket Update: Friday’s Mid-Day Market Movers: Amazon Shocks The Markets; Anthem, Cigna, StanCorp, PandoraThe Weekender(Seeking Alpha)Related SNSSMarket Update: Friday’s Mid-Day Market Movers: Amazon Shocks The Markets; Anthem, Cigna, StanCorp, PandoraWorst Performing Industries For July 24, 2015The Weekender(Seeking Alpha)Biotech stocks are plummeting broadly on Friday trading, after Biogen Inc […]
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Watch Word
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This week the casino got monkey hammered. While the last holdouts went parabolic…FANG:Wall Street’s latest acronym is Facebook, Amazon, Netflix and Google. The whole world is falling apart, but the good news is that Amazon finally made a microscopic profit by selling cheap shit over the internet. Their trailing profit margin is -.2%. I’m not making this shit up. And […]
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July 26th, 2015: Global Macro Chart Compilation
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Stock indexes fell again, capping a week in which the Dow Jones Industrial Average posted its steepest decline since December, driven by large share-price swings at widely followed companies issuing quarterly earnings reports.Shares of biotechnology companies led Friday’s decline, after Biogen plunged 22% on a soft sales outlook. The biotech pullback countered a 9.8% gain in Amazon.com, the latest stock-price […]
$SPY, $STUDY Blowout earnings from AMZN set the stock market up for a nice bounce on Friday morning, however, with energy, materials and high-beta biotech stocks gapping down at the open, the overall upside momentum was short-lived. The Flash PMI out of China, which showed a contraction in manufacturing activities, had many investors worried. A sizable miss in June new […]
