article thumbnail

Goldman's winning options strategy for the upcoming earnings season

CNBC: Investing

A straddle trade makes money when the move of the stock is greater than the premium paid to create the options position. This week, 3M shares hit their highest level since 2021, while Fastenal reached an all-time record high dating back to its public debut in 1987. Those stocks are both up about 21% year to date.

article thumbnail

People Moves Monday: JP Morgan, Susquehanna, Canaccord Genuity, and more… 

The TRADE

The post People Moves Monday: JP Morgan, Susquehanna, Canaccord Genuity, and more…  appeared first on The TRADE. Previously in his career, he also served as a senior business analyst in equities at Credit Suisse, working in locations including London, New York, Singapore and Pune.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Magellan Capital head of trading joins Vegah Trading

The TRADE

Elijah Diallo has joined Vegah Trading as a proprietary trader following his departure from Magellan Capital, The TRADE can reveal. Diallo most recently served as head of trading at the firm, overseeing multi-strategy operations. He was recognised as one of The TRADE’s Rising Stars of Trading and Execution in 2021.

article thumbnail

Cboe Clear Europe gets regulatory green light to launch securities financing transactions clearing

The TRADE

Vikesh Patel With this approval, the pan-European clearing house will introduce a service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement and post-trade lifecycle management. In Europe, there have been multiple failed attempts to successfully introduce and maintain SFT clearing.

article thumbnail

People Moves Monday: JP Morgan, Citi, Panmure Liberum, and more…

The TRADE

The post People Moves Monday: JP Morgan, Citi, Panmure Liberum, and more… appeared first on The TRADE.

article thumbnail

Bank of America downgrades hot IPO and Nvidia derivative CoreWeave, citing valuation

CNBC: Investing

"However, with stock trading at 25x CY27e EBIT, a premium to the peer group at 16x, we believe much of the upside is priced in." billion initial public offering raise marked the largest tech offering on Wall Street since 2021. " CoreWeave went public in late March. CoreWeave's $1.5

IPO
article thumbnail

People Moves Monday: RBC, Amundi, Siebert Williams Shank and more…

The TRADE

Sinet brings 10 years of trading experience to his new position and previously worked as a credit trader at Mizuho from April 2023 to November 2024. Peel Hunt Peel Hunt’s head of electronic and program trading Nishad Vallonthaiel is departing for pastures new, The TRADE can reveal. His next role is unconfirmed.