On November 17th TJ Maxx (TJX) reported Q3 results that pleased investors. The stock had been down in sympathy with its retail peers into the event but investors seem to be placing TJ Maxx in …
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Over the past month, leading up to this morning’s ECB meeting and the FOMC’s December 16th meeting we have taken a look at the U.S. dollar on a couple of occasions. First vs the Euro (here on …
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One of our focuses at RiskReversal is trade management. And not just for trades ideas we do ourselves but also trades ideas that make sense against assumed long positions, as portfolio hedges, as yield enhancement …
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This morning I used Apple Pay for the first time. I loaded money on my Starbucks App on my iPhone to pay for my morning fix. Seemed a bit nonessential, at least one too many intermediaries …
Continue readingIn front of Friday’s OPEC meeting, S&P Energy Select etf (XLE) puts are active, with 83,000 puts already trading on the day, vs the one month average of 61k per day and 27k calls traded …
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This morning, rather than focusing on the handful of stocks driving most of the performance in the U.S. equity market and have no top in sight, Amazon, Facebook, Google & Netflix, I will instead focus …
Continue readingThe largest trade (so far) in the options market today is (what appears to be) a fairly massive bearish put spread bought in the iShares Russell 2000 etf, the IWM: When the etf was $119.10, …
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Auto sales have been on fire in 2015, November data reported this morning places this year’s SAAR very near the estimate of 18.2 million, the highest annual total since 2005. Consumers are taking advantage of aggressive promotions, …
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On November 23rd Pfizer (PFE) officially announced their rumored takeover/ inversion of Ireland based Allergan (AGN). Both stocks sold of the day of the announcement and we felt the initial move was likely wrong and …
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The downward volatility we’ve seen in the last year or so in emerging market equity and debt, precious metals, industrial commodities and finally us equities and bond yields has typically been blamed on weak demand …
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