Quick Repairs on Two Volatility Trades
I hate being wrong. My intuition on the direction of both VeriFone (PAY) and Men's Wearhouse (MW) was wrong. VeriFone went sharply lower and Men's Wearhouse sharply higher, both the opposite of my fundamental premise. Fortunately, the focus of the earnings trades on these names was volatility, and volatility was something we got.
I did take a little direction bias on both names, and both proved to be losers. However, with some fancy after-hours dancing on VeriFone and a big move higher by Men's Wearhouse, I've been fortunate to escape with nothing more than a paper cut. There are some options to consider on these trades right now....471 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.