01-10-2012, 02:34 PM
Vllad, it's a recovery bet. In the article I linked, I think Doug Kass makes a good argument that the financials will recover from the pits this year, and JPM is the best of breed right now (GS just isn't what it used to be). The rebound in the financials is already playing out, but we'll have to see what happens when earnings come in. I have a June JPM call spread, so I'm not thinking very short term.
I actually have a LOT of call spreads on the go right now, most not expiring until January 2013. Names include AMZM. BAC, CAT, CSCO, CRUS, FFIV, NFLX, NUAN, ORCL, and SNDK. Oh, and those AAPL guys.
I should add, except for AAPL, I haven't done a lot of research on any of these. The financial are a beaten-down recovery bet. Same for CAT. For NFLX and ORCL, I think the sell off was way overdone. CRUS and NUAN are Apple-related plays. FFIV is a cloud bet (I work for a company in the cloud space), and you could say also an Apple play. Amazon is based on the fact that these guys are going to drive every other retailer (except Apple) into the ground.
Since I'm using call spreads, my exposure is fairly small to everything except AAPL.
I actually have a LOT of call spreads on the go right now, most not expiring until January 2013. Names include AMZM. BAC, CAT, CSCO, CRUS, FFIV, NFLX, NUAN, ORCL, and SNDK. Oh, and those AAPL guys.
I should add, except for AAPL, I haven't done a lot of research on any of these. The financial are a beaten-down recovery bet. Same for CAT. For NFLX and ORCL, I think the sell off was way overdone. CRUS and NUAN are Apple-related plays. FFIV is a cloud bet (I work for a company in the cloud space), and you could say also an Apple play. Amazon is based on the fact that these guys are going to drive every other retailer (except Apple) into the ground.
Since I'm using call spreads, my exposure is fairly small to everything except AAPL.
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market