Equity markets the world over have gained hundreds of billions of dollars in value over the last few hours for one very simple reason – the Global Economy is in fact WEAKER than you thought …
Continue reading
A new closing record for the S&P 500 index and the DJIA, though the Nasdaq 100 closed just short. Options volumes were light ahead of today’s monthly expiration. 1. KORS – 35k of the Jan15 70 …
Continue reading
GameStop (GME) reports their Q3 results tonight after the close. The options market is implying a whopping two day move (using Nov 22nd expiration options) of about 10%. The Nov 44 straddle (the put and …
Continue reading
Shares of Wynn Resorts (WYNN) went from a massive outperformer in the first qtr of 2014 (up 30% on the year at one point) to its current “left for dead in a raging bull market” …
Continue reading
HAL has had a very steep fall from grace in the past 4 months, going from an all-time high of $74.33 on July 23rd to yesterday’s intraday low of $47.74, just a touch above the …
Continue reading
I am fairly certain that whatever type of market participant you are (active, passive, or have merely a viewer of financial TV) then you have heard the statement “the stock market is a discount mechanism”. …
Continue reading
Even though markets were a bit more volatile intraday and monthly options expiration is tomorrow, single stock options volumes remained low ahead of next week’s Thanksgiving holiday. 1. KO – Calls were very active in KO, …
Continue reading
DISH has made a new all-time high in today’s session, rising above the $73.14 high from March 2000, though the stock has not exactly blasted through that level just yet: The excitement over DISH shares …
Continue reading
Even with the relentless bid to U.S. stocks in the past month, General Motors, an iconic American brand name, has badly lagged the advance. GM is down 21% year-to-date, and is trading near the same …
Continue reading
GDX (the Gold Miner etf) has rallied 23% since November 5th in what has felt like a straight line. Juxtaposed against the 5% rally in the GLD (the etf on the underlying commodity), the move in the …
Continue reading