Options volumes picked up a bit today following yesterday’s anemic volumes that very much resembled summer trading. Here are some options trades and activity that caught our eye on a generally sideways day: 1) SPY- there …
Continue readingWhether you are an active market participant or just a casual investor, you might have noticed on more than one occasion that conventional wisdom can lose you money. For years while the Fed was orchestrating …
Continue readingEarlier today there was a large trade in the SPY that caught my eye, where a buyer paid $2.23 for 45,000 June quarterly 190 puts to open when the etf was $191.24. This is most likely …
Continue readingCostco is set to report its 3rd quarter results tomorrow morning before the bell, the options market is implying a one day move of only about 2% (the weekly 115 straddle is offered at ~$2.40, …
Continue readingSentiment towards Twitter as a stock and a company is downright horrible. On the stock front the overhang from the 6 month IPO lockup (early May) proved too much to bear, causing a 20% drop …
Continue readingToday’s low volume drift higher to another new all time high in the SPX is exhibit A why long short traders should always adhere to the market saying “Never Short a Dull Market”. Here are …
Continue readingQIHU, the Chinese internet security and search company reports their Q1 results tonight after the close. The options market is implying about a 6.5% one day move tomorrow which is inline with the 4 qtr …
Continue readingSINA recently reported their fiscal 2014 q1 earnings and the stock saw some heavy selling the following day. On Friday, the stock rebounded nicely and isn’t far from where it was before the report. We …
Continue readingChina, China, China… U.S. equity investors have a love/hate relationship with the country as the emerging middle class consumer offers a massive opportunity for U.S. multinationals while on the flip-side the cooling economic growth rate and …
Continue readingFrom Apple’s 52 week low made 11 months ago, the stock has gained nearly 60%, or more than $250 billion in market capitalization. To put that in gain in context, there are only 8 other companies …
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