FANG Pain

Featuring Michael Purves

Michael Purves, chief global strategist at Weeden & Co., discusses the short-term problems he sees in large-cap tech stocks. He explains how he’s using options to bet on tech sector weakness in this interview with Justine Underhill. Filmed on July 23, 2018.

Published on
25 July, 2018
Topic
Trading, Technology
Duration
10 minutes
Asset class
Equities
Rating
7

Comments

  • M.

    Milton ..

    27 7 2018 13:53

    0       0

    Hi Samy and everyone here - Thanks for pointing out the typo as we fixed with your help.

  • SD

    Samy D.

    26 7 2018 12:30

    0       0

    At the end, with 19 sec to go, it states: buy the July 176/170 Put Spread. Wasn't it August?

  • JQ

    Joseph Q.

    26 7 2018 00:36

    2       0

    Great Call!! This guy had guts!!

  • KS

    Karen S.

    26 7 2018 00:30

    1       0

    nailed it

  • PB

    Pieter B.

    26 7 2018 00:00

    0       0

    What a legend! Thanks a lot!

  • WS

    Will S.

    25 7 2018 23:13

    4       0

    Facebook down 20% after hours on the earnings report. I bet this guy is currently making some MOOOOONEY. "A little bit of a miss can go a long way here". NAILED IT. Facebook barely missed and is done 20%. There's priced for perfection...and then there are the FAANGS priced to absurdity.

  • NI

    Nate I.

    25 7 2018 19:42

    0       0

    Trying to wrestle a jaguar out of a tree (kudos to Marc Cohodes for that mental image). Yes, valuation is five steps past ridiculous but QQQ had as much reason to sell off yesterday as it does next week.

  • NI

    Nate I.

    25 7 2018 19:42

    0       0

    Trying to wrestle a jaguar out of a tree (kudos to Marc Cohodes for that mental image). Yes, valuation is five steps past ridiculous but QQQ had as much reason to sell off yesterday as it does next week.

  • SS

    Sam S.

    25 7 2018 16:55

    1       0

    Hard to bet against the FANG's as the dentist is keep those pearl white. There will be a cavity someday. Then a filling. I don't want to get bitten again. Good presentation though.