Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. WMT – made a new intra-day 52 week low and is quickly approaching massive long term support at $70. When the …
Continue readingI am not sure I can be any vocal about this but as a group, the technicals of Technology stocks looks downright nasty. In the last two weeks we’ve seen poor reactions to worse than …
Continue readingAs goes the U.S. consumer, so goes the U.S. economy. Bur trying to decipher the strength of the U.S. consumer by merely looking at some of the top performers in the retail space (what we …
Continue readingApple is hoping that today is the day you rethink how you purchase, collate, store, interact and most importantly listen to music. Apple did this once before with the iPod and iTunes in the early …
Continue readingHere is some generally directional, untied options activity that caught my eye during Monday’s trading: 1. AAL – about an hour before the close a trader paid $4.55 for 30,000 Jan 40 calls and sold …
Continue readingRegular readers know we are huge fans of Tesla’s Model S, their CEO Elon Musk and his vision to transform the way human’s transport themselves and store & consume energy. But as traders we find …
Continue readingA couple weeks back we entered a trade in Caterpillar (CAT) with the idea that we could fade a recent bounce to resistance while financing a bearish earnings trade in August expiration. Here was the trade from …
Continue readingA week ago we made a bearish trade in Texas Instruments (TXN) based on what we felt was waning momentum, poor technical set up, weakening fundamentals with the potential for a guide down on their …
Continue readingThis morning is one of those days where everyone with a Twitter or Facebook login gets to offer an opinion on Greece. The financial news sharing economy is full tilt and it’s dizzying. I would guess that …
Continue readingHere is some generally directional, untied options activity that caught my eye during Friday’s trading: 1. BHI – saw a large opening put buyer when the stock was 61.58 a trader paid .90 for 11,500 of the Oct …
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