Option Trade Alerts!

February Expiration’s commentary on Wins and Losses:

We ended this month with very few trades. However, we made up for it with some tremendous gains.

BIDU:

What an excellent option trade! We started out with a net credit of $2.33, however, since we are masters at this, we ended with over $7.00 in net gains. This was played just right, because we got out of the 85 puts last month at a healthy profit, and we were also able to continue holding this position into this month’s expiration. We then made a killing on the 125 calls, as the underlying security shot up above $130.00/share. Trades like this are real proof that our strategy is unmatched!

CLDA:

Another excellent trade! This security also shot up unexpectedly!

The U.S. Securities and Exchange Commission is investigating whether exchange-traded funds are being used to hide insider trading, a person with knowledge of the probe said.

The funds, which usually track an index and trade like stocks, enable buyers to bet on price changes without trading futures. An investor with non-public information about a company may be able to hide illegal orders by trading in a fund that includes that stock instead of buying or selling the equity directly, the person said.

The number of exchange-traded funds has surged since they were created in 1993, widening investors’ access to different assets, including commodities. The SEC has said it is using data-driven techniques to find patterns of insider trading and market manipulation.

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Read more @ http://www.bloomberg.com/news/2011-02-10/sec-said-to-probe-whether-insider-trading-hidden-in-exchange-traded-funds.html

At last week’s World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive once again lambasted the media and politicians for portraying all bankers as greedy evil-doers.

It was at least the 12th time since the start of the financial crisis that Dimon has complained about Wall Street critics painting all bankers as cut from the same cloth.

If Dimon seems unusually thin-skinned, many industry insiders say, it is an indication of the importance the 54-year-old Queens, New York native places on his legacy — and how that will affect his ability to forge a life beyond finance.

Dimon has worked hard over the years to sell investors and analysts on the notion that JPMorgan doesn’t play by the same set of brass-knuckled rules as Goldman Sachs Group, Citigroup or even

Source: Risk.net. Representatives of nine national supervisors, including the German Federal Financial Supervisory Authority, the U.S. Commodity Futures Trading Commission and the Japanese Financial Services Agency, met to discuss over-the-counter derivatives and market reform.

“As market participants begin operating in a more regulated environment, supervisors of major market participants must continue to work cooperatively and proactively to drive structural improvements, monitor emerging risks and support consistent supervisory approaches across jurisdictions,” said William Dudley, president of the Federal Reserve Bank of New York.

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