Yesterday in this space we highlighted some unusual long dated upside call buying in Deutsche Bank (DB): Regular readers know that we do NOT place too much emphasis on unusual options activity, as it is …
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The financial media highlights quarterly changes in large institutional investor holdings from their from 13F filings, which are submitted four times a year. It’s important to note that these filings are due 45 days after …
Continue readingHere is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. XLF – the most active single stock or etf option was the June 22 puts, with 84,000 trading on …
Continue readingExxon (XOM) has had a tough week, down about 4% vs the XLE (of which it is 16% of the etf’s weight) which is down only 1.5%. The under-performance is related to Warren Buffett’s disclosure …
Continue readingAbout a week and half ago we thought XOM was getting a bit oversold and fairly uncharacteristically made a bullish play (below) by financing out of the money calls by selling an out of the …
Continue readingEvent: GM reports its Q4 earnings today after the close. The options market is implying about a 4% one day move, which is above the 4 quarter average of around 2.5%, but below the 8 quarter …
Continue readingBack in late November, we thought the rally in XOM from the 52 week lows, to new 52 week highs in a bout 6 weeks was largely the result of Berkshire Hathaway’s accumulation of a …
Continue readingThe DJIA has been a major laggard relative to the other U.S. equity indices in the past month, and one big reason has been the weak performance of IBM. Given that the Dow Jones 30 …
Continue readingKind of a slow day in the markets with light volume on the equity and options fronts. Maybe a hangover from last week’s wild moves. Here were a couple of names with activity we noticed: …
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