Here is some generally directional, untied options activity that caught my eye during Friday’s trading: 1. PFE – total options volume ran more than 2x average daily with calls outnumbering puts almost 3 to 1. …
Continue readingOn Thursday (below) I previewed what should be a fairly eventful upcoming week for McDonald’s (MCD) as their new CEO will outline their “turnaround plan” on Monday, and then on Friday the company will report …
Continue readingHere is a quick recap of trades that we initiated, closed, or debated in the week that was April 27th to May 1st:
Continue readingA few weeks ago we thought AT&T was a bit oversold heading into its Q1 earnings, and that in a continued low yield environment the stock’s 5.5% dividend yield would once again cause buy interest with the …
Continue readingA month ago we rolled a bullish view on shares of Macy’s (M) into a call butterfly in May expiration, to refresh: New Position – Long the M ($65.00) May 65/70/75 call butterfly for 1.15 …
Continue readingA few weeks ago we expressed a near term bullish view for shares of Nike (NKE) in the form of a call butterfly, to refresh from April 7th: TRADE – NKE ($100) Buy the May …
Continue readingOver the last year my trading in Yum Brands (YUM) has been both right and wrong, with most recent being wrong. Since February there has been some fairly consistent build up in call open interest, …
Continue readingYesterday in this space (MorningWord 04/30/15: You Are Here) we discussed the cheapness of index volatility, and for good reason. Large cap US stocks measured by the S&P500 (SPX) have been grinding in a tight …
Continue readingHere is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. XLV – biotech and pharma stocks closed near the lows of the yesterday, with the XLV closing down 1.4%, marking …
Continue reading