FANG Pain

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

FANG Pain

Trade Ideas ·
Featuring Michael Purves

Published on: July 25th, 2018 • Duration: 10 minutes • Asset Class: Equities • Topic: Technology, Trading

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.

Comments

  • M.
    Milton .. | Founder
    27 July 2018 @ 13:53
    Hi Samy and everyone here - Thanks for pointing out the typo as we fixed with your help.
  • SD
    Samy D.
    26 July 2018 @ 12:30
    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 July 2018 @ 00:36
    Great Call!! This guy had guts!!
  • KS
    Karen S.
    26 July 2018 @ 00:30
    nailed it
  • PB
    Pieter B.
    26 July 2018 @ 00:00
    What a legend! Thanks a lot!
  • WS
    Will S.
    25 July 2018 @ 23:13
    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.
    • WS
      Will S.
      25 July 2018 @ 23:14
      DOWN* not done
  • NI
    Nate I.
    25 July 2018 @ 19:42
    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 July 2018 @ 19:42
    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 July 2018 @ 16:55
    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.
    • WS
      Will S.
      25 July 2018 @ 23:19
      It took all of a few hours for the cavity to start causing pain. Facebook down 20% in after hours trading. Root canal!

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