Last quote by Dan Nathan
Dan Nathan quotes
This level down here at $200 that it's kind of been holding on here – it really has to hold here.
And they need to see some traction there – that's the future of the company.
The likelihood of this deal getting done is not particularly great.
But I think it does make sense if you're playing for further upside in Qualcomm to be long calls rather than stock right here.
You see that the ETF has gotten hit over the last month and a half. The breakeven is back towards those August highs here, so this trader is possibly looking for a move back to that level.
[The trader could be] looking for exposure in a bounce in Mexican stocks if Trump were to continue to slide in the polls.
Maybe you want to buy some protection into what could be headwinds with these presidential debates coming out.
[Wal-Mart is] up 18 percent, that's nearly double the performance of the XRT in 2016.
I wouldn't be looking at September, I'd be looking out and I want to capture that analyst meeting and possibly their earnings that are going to happen in mid-November.
It's up about 30 percent since late December, which was the 52-weeks lows. We know that $140 would be a massive breakout level. Listen, this is not the sort of trade you want to do if you think gold is going higher. You're not going to look 15 percent out of the money a year out.
That is a massive bet. It's about eight times your money.
There was a buyer of the January 2017 expiration 125 calls paying $3.15 to open. Those break even at $128.15.
There's a gap down to about $110. That's the breakout level. That may be a good reason to define your risk looking out to the end of the year.