On Monday in this space we highlighted some upside call buying in the gold etf GLD (here). The buying was concentrated in September quarterly expiration and was playing for a move back towards $140. Today …
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We have been fairly steadfast that oil related equities are not likely to bottom until crude oil has a vicious rally coupled with a massive change to supply/demand characteristics. Only could any gains be sustainable. …
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Regular readers know that commodities and their related stocks aren’t usually my focus. Despite my tourist status, I have had some views on crude oil weakness since the end of 2014. Those views have remained steadfast …
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Over the past year or so as crude oil has been more than cut in half, the companies within the space have had to take some fairly dramatic actions (both from an operational and financial …
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If you are looking at the recent new all time highs in Disney (DIS), Facebook (FB), Nike (NKE), Starbucks (SBUX) and of course Apple’s (AAPL) 15.5% year to date gains to glean the health of …
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Here is some generally directional, untied options activity that caught my eye during Monday’s trading: 1. AMAT – the stock had its largest volume day in more than ten years as the stock declined 8.5% …
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There has been a lot of talk over the last few days about the poor start for U.S. stocks in 2015, and what it means for the balance of the year. On Friday in this …
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Go figure, a few of my worst trades this year were long biased and in oil related stocks/etfs (CVX, USO and XLE). Exhibit A and B to stick with what you know and don’t be contrarian …
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Event: CVX reports its Q3 earnings tomorrow morning before the open. The options market is implying about a 1.75% one day move, which is in line with both the 4 qtr and 8 qtr averages …
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The relative underperformance of the energy sector vs the rest of the market since July has been quite a sight. A simple chart of sector ETF performance in 2014 does the trick (XLE in white): …
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