SPY

SPY
Tyler Durden's picture

Massively Levered Beta: Tepper Adds $1.3 Billion, Or 33% Of Long Equity AUM, In SPY, QQQ Calls





While the market was topping out, Tepper was actively adding to his bullish exposure, but not in the form of many new stock positions, when in fact he partially unloaded 15 of his 38 positions, while adding 12 new positions. It was 2 of these new additions that were particularly notable: just like in early 2014, Tepper is once again back to index investing, having added a whopping $939 million in notional-equivalent SPY Calls, and $413 million in notional-equivalent QQQ Calls. In other words, Tepper is once again making a very levered beta bet that the market will resume climbing, and he can capture the upside through SPY and QQQ calls.

 
Tyler Durden's picture

Frontrunning: May 14





  • Amtrak train in Philadelphia wreck was traveling at twice speed limit (Reuters)
  • The engineer has no recollection of the crash and “no explanation” for what happened (WSJ)
  • Taliban claim attack on Afghan guesthouse that killed 14 (Reuters)
  • Chicago’s Junk Rating From Moody’s Puzzles Investors (BBG)
  • House votes to end spy agencies' bulk collection of phone data (Reuters)
  • Wesley Clark: The Penny-Stock General (BBG)
  • AOL’s Armstrong to Leave $213 Million Richer After Verizon Deal (BBG)
 
Tyler Durden's picture

The Most Imminent And Paramount Question For Americans Today!





Is it that we don’t care? Is it that we don’t see it? Is it that we are masochists? What is it about us that makes us so apathetic to the atrocities against our Constitutional rights? They are there for our protection and so, to we the people, they are assets that require maintenance but we are leaving them to be destroyed by the political elements. Even amongst well versed, well educated and very interested Americans there seems to be very little concern, judging by reaction, to the fact that our Constitutional rights are quite blatantly at this point, being taken away from us. Why is that not creating more of an agitated response??

 
Tyler Durden's picture

Following "Terrorist-Fighting" Ban On Cash, France Passes "Le Patriot Act"





In its efforts to 'protect' its citizens from terrorists, France deemed it necessary in March to "fight against the use of cash and anonymity in the French economy,"  and drastically reduced the public's freedom and privacy to spend. Today, that freedom and privacy took another blow as the French government passed "Le Patriot Act" dramatically beefing up the government's spying powers.

 
Tyler Durden's picture

Suddenly "You Can't Ignore The Data" Has Turned Into "Trust Me"





The week that passed has been nothing short of a roller coaster ride for many nervous investors. And for some: a realization that the once hyped, hawked, and levered Billion dollar babies can indeed “come off the rails.” Turning the once joyride into something more in common with a free fall into the abyss. However, you’re told not too worry: For if you loved the ride when the prices were higher, then surely you should be ecstatic to “ride again” since the new ticket prices are clearly “on sale!”

 
williambanzai7's picture

EURO SPY CaM





F*ck the EU!

 
Tyler Durden's picture

The War On Cash: Transparently Totalitarian





"The War on Cash is the attempt by governments to phase cash out of their economies. Governments hate cash because they hate the financial privacy cash makes possible. And they prefer that you keep your money in a bank to help prop up an unsound fractional reserve banking system." As Ron Paul warned, “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”

 
Tyler Durden's picture

Russia Deploys Tactical Drones In The Arctic, Exposes Rarely-Seen US Spy Satellite Images





While the USA is busy killing US civilians and terrorists with its drone program, Russia is set to deploy its own Orlan-10 drones in the oil- and gas-rich Arctic region (reportedly to monitor the climate situation). As SputnikNews reports, Colonel Aleksandr Gordeev stated "the drones' task is to maintain impartial control of the situation in the Russian sector of the Arctic." So, passive-agressive? However, Russia also chose this week to release rarely-seen images of a US intelligence satellite which as one analyst notes is provocative (but obscure in its intent other than the growing recognition of US space-based surveillance assets).

 
Tyler Durden's picture

For Nazi Industrialists And Hitler's Banker "All Was Forgiven"





Germany had lost the war, the Nazi industrialists agreed, but the struggle would continue along new lines. The Fourth Reich would be a financial, rather than a military imperium. The industrialists were to plan for a “postwar commercial campaign.” They should make “contacts and alliances” with foreign firms but ensure this was done without “attracting any suspicion.”... The State Department’s efforts on Schacht’s behalf worked. He was initially found guilty but was then acquitted, to the fury of the Soviet judge.

 
Tyler Durden's picture

Paul Craig Roberts: "Truth Is Washington's Enemy"





A government that cannot survive truth and must resort to stamping out truth is not a government that any country wants. But such an undesirable government is the government that Clinton-Bush-Cheney-Obama-Hillary-Lack-Royce have given us. Does it satisfy you? Are you content that in your name and with taxes on your hard-earned and increasingly scarce earnings, Washington in the 21st century has murdered, maimed, and displaced millions of peoples in eight countries, has set America on the path to war with Russia and China, and has declared truth to be an enemy of the state?

 
Tyler Durden's picture

When Did We All Become Murderers?





Appalled doesn’t cover it. Disgusted won’t do either. Angry doesn’t come close. Maybe we have yet to learn of a word that would express our feelings on the following topic. There’s a disease, an epidemic, that spreads through out the western world. We are all turning into accomplices to murder. And we still believe we are better than that. Just perhaps not all of us.

 
Tyler Durden's picture

There Still Are Some Retail Investors Left: This Is What They Are Buying





What do retail investors do on volatile days like Friday’s jolt lower on the S&P 500? Thanks to one very large online broker’s publicly available order flow, we now know...

 
Tyler Durden's picture

Congress Is Trying To Reauthorize Key Patriot Act Provisions by Sneaking it Into 'USA Freedom Act'





June 1, 2015 is a very important day for American civil liberties and the Constitution. On that day, Section 215 of the Patriot Act, one of the most egregious pieces of legislation passed in U.S. history, will expire automatically without reauthorization from Congress. Naturally, this is causing a panic attack within the heart of the NSA, FBI and all the authoritarian lackey legislators in Washington D.C. With the chances of a clean reauthorization next to none, these crafty “representatives” and their puppeteers need to figure out a way to sneak it into another piece of legislation. What better way to do this than making it a part of something that ostensibly appears to be reining in surveillance powers. Enter the USA Freedom Act.

 
George Washington's picture

Inventor of Antivirus Sofware: The Government Is Planting Malicious Software On Your Phone So It Can See What You're Doing





McAfee: 

“Encryption Doesn’t Matter In a World Where Anyone Can Plant Software On Your Phone and See What You’re Seeing”

 
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