AMEX – RiskReversal

Too Many Options: $UNG, $CSCO, $C, $RSX, $EWZ, $CVX, $MS

January 31, 2014 by Dan • Commentary

Despite the weakness in the broader stock market to start 2014, the CBOE put/call ratio has remained below 1 for every session since October 15th. That’s the longest such streak since late 2001/2002 (the real …

Too Many Options: $BBRY, $CAT, $EBAY, $EEM, $EWJ, $FXI, $HPQ, $INTC, $RAX, $TWTR

January 15, 2014 by Dan • Commentary

1. BBRY – the stock continues to avoid its inevitable demise, now trading up some 57% from the December lows. One trader sees the $6 level as a sort of line in the sand and …

MorningWord 6/18/13: $AAPL Picking

June 18, 2013 by Dan • Commentary

MorningWord 6/18/13: Yesterday shortly after 1pm our Twitter-feed lit up like a Christmas tree after I reported the following trade in AAPL: @cnbcfastmoney @CNBCOptions Monster Bullish Trade in $AAPL, a trader buys 10,200 of the …

Macro Wrap – $AXP Earnings Read

January 11, 2013 by Enis • Commentary

American Express announced preliminary earnings last night ahead of its formal announcement next week along with a restructuring plan to cut 5,400 jobs, mostly in its global travel business as more customers shift their travel …