A couple of weeks ago we initiated a slightly bearish play in BAC that looked to finance puts that would catch the impending Q2 earnings release (Aug regulars) with a sale of puts in the week …
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Naturally, Thursday’s half-day saw very light options volumes, with technology names the most active as the major indices hit new highs once again. 1. CSCO – CSCO rallied to its highest level since last August. Calls …
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Bank stocks have lagged the broad market in 2014 as money-center and investment banks fend off of a whole host of challenges from increased regulatory scrutiny that appears to be resulting in no shortage of multi-billion …
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Options volumes were light ahead of today’s FOMC meeting, while implied volatility moved lower. Call options dominated single stock options, while investors were more focused on put protection in the major indices (OEX index and …
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BAC has been on our radar ever since a lackluster Q1 earnings report. We had a profitable bearish trade in the spring, which we closed for a triple. In the rationale for that trade, we outlined …
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Today’s low volume drift higher to another new all time high in the SPX is exhibit A why long short traders should always adhere to the market saying “Never Short a Dull Market”. Here are …
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We discussed the bear case for financials in a Name That Trade post on Monday, included below. In short, lower rates generally correlate with lower banking stocks, and that is starting to play out in …
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BAC has fallen more than a dollar since we put on a long put trade in the stock a couple weeks ago. In our Considering Our Options post last week, we noted that we were …
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Our earnings recap of the banks last month indicated a difficult overall landscape for the sector. On a sector level, the mortgage business was the particular sore spot, and the fixed income business was broadly weak …
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Financials dominated options volumes as traders were optimistic ahead of the release of the first round of the stress tests after the close. 1. XLF – XLF hit a new bull market high yesterday on elevated …
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