Below is a summary of what I will be discussing tonight on Options Action on CNBC at 5:30pm: From FB’s May highs on the 2nd to the lows this past Wednesday, the stock nearly entered …
Continue readingTrade Update May 31, 2013: My FXC June 97 puts have more than doubled since I initiated this trade 2 weeks ago. The downtrend has stalled a bit this week, and though I think it …
Continue readingLong U.S. dollars is my favorite theme for the rest of 2013. My favorite post of the year is my Macro Wrap that I wrote on May 15th, laying out my reasons for favoring the …
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I mentioned the developing wedge in both the SPX and crude oil in this morning’s macro wrap. Crude oil is especially interesting because the WTI contract has developed a long-term wedge, but the European Brent …
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MorningWord 5/31/13: Lots of market peeps look to all sorts of things to help inform their market call, often times recalling years past or seasonal patterns. The simpleton that I am, I look to none …
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While back and forth volatility has picked up, SPX futures have actually been having an “inside” week, not breaching the high or the low level set last week. We seem to be approaching the moment …
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Volatility markets in every asset class except bonds are in almost the exact same spot they were a week ago, as markets have been jittery, but largely unchanged over the past week. The volatility in …
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Our friend John Melloy, the Executive Producer of Halftime Report and Fast Money, highlighted a trade idea from the options research team at Goldman Sachs this morning: Options Insight: Buy Apple Calls for WWD Conference, …
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A few months ago, dividend stocks were all the rage. Investors and traders were stumbling over themselves to buy 2-5% dividend yield names, every other metric be damned. The best performing sectors in the 1st …
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Enis had a great write up this morning in his MacroWrap (read here) about the new leadership sector in the S&P, yes the dreaded financials as measured by the XLF etf. Enis notes that given …
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