In a market that had a decidedly risk-off feel today, there was some large apparently directional options trading that might have fit that theme: GDX: the etf that tracks gold miners saw heavy call volume, 2x average daily volume …
Continue readingThe VIX (CBOE Volatility index) recently touched the fairly low level of 13 on October 24th. Since that day, it has seen seven straight up days and is now above 20 on today’s nearly 20% …
Continue readingEvent: Qualcomm (QCOM) reports fiscal Q4 results tomorrow night after the close. The options market is implying a 6% one day post earnings move which is shy of the nearly 8% average over the last 4 …
Continue readingEvent: Alibaba (BABA) reports Q3 results tomorrow before the open. The options market is implying about a 5.5% one day post earnings move, which is rich to the 4 qtr average one day post earnings …
Continue readingThe nearly 2% decline for the S&P 500 (SPX) in October was its first monthly decline since February (down 41 bps) and worst since January’s 5% decline. I have no idea if the SPX is merely consolidating above …
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