Haven't had a chance to view this myself yet, but apparently it's Jane Wells sitdown at Chez Lenny. HT anonymous commenter in the post below. Also, the letter is officially legit as Todd sent me this link to a Philly.com article that got Lenny's confirmation ... Read the full post ... Read more

I can't verify that this letter from Lenny to his subs is authentic. Trader08 found it online here and linked it over in a comment. But it's clearly in the style of whoever currently ghostwrites Lenny's newsletters. And it's both sad and hysterical enough to seem real, I mean, who could mak ... Read more

Just a word about trades I post from What'sTrading or Schaeffer's or OptionMONSTER or Options News Network, or someone pings me with, or whatever. In all cases, it's just to shed light on something that traded somewhere. To me they provide more value than simple looks at volume. I'm not a big fa ... Read more

Some move in ICE this week. Kind of encapsulated the best, most mediocre, and worst of my trading operation. The bad? Well, I have a handful of naked put shorts that I generally roll each cycle. The names change, but basically, just look for generally uptrending names, and then short some put ... Read more

The interest in retail continues to extend beyond Nicki Hilton at the mall. This today, courtesy of WhatsTrading.com SPDR Retail Trust (XRT) puts are active for a second day. With shares up a nickel to $26.12, one player sold 5000 Sep 20 - 22 put spreads at 20 cents to buy 2500 Sep 19 put ... Read more

Got some bearish bets going on yesterday in XRT, via OptionMONSTER. The first set of big trades is a bearish " butterfly spread " in July. In one trade, 25,000 of the July 22 puts were bought for $0.05, 50,000 of the July 24 puts were sold for $0.10, and 25,000 of the July 26 puts were b ... Read more

Can you go 110-0 picking winners with Deep Calls and still have to file Chapter 11? If you're Lenny Dykstra, apparently yes. The one-time Mets hero, facing divorce, foreclosure on his mansion and a multitude of lawsuits, filed for bankruptcy protection in California , his attorney sai ... Read more

It's a relatively new product, so not a whole lot of history to go on. But it is worth noting that options open interest has veritably exploded over the past month or two. In fact both call and put open interest has quadrupled since mid May, while UNG itself has tanked ... Read the full post ... Read more

Brief halt in UNG yesterday as the creators of the fund had to run over to Costco to create more shares. Or something like that. On July 6, 2009, the United States Natural Gas Fund, LP ("UNG") announced in a current report on Form 8-K that only 32,100,000 of its units registered with the S ... Read more

In a move that will send tremors throughout all of Cramerica, we have some exciting developments in FAS and FAZ land, via Index Universe. Direxion will execute a reverse split of its leveraged and inverse financial ETFs on July 9, after the two funds’ share prices fell so much that t ... Read more