Event: Delta Air Lines (DAL) is set to report Q3 results tomorrow before the open. The options market is implying about a 3.5% one day move tomorrow, which is rich to the 4 qtr one …
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2015 started with the promise that lower oil might heal the ills in our low growth economic recovery. This has obviously not been the case in many sectors, and particularly in our consumer led economy with …
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If your Christmas clean up was like mine, it consisted of breaking down Amazon.com boxes. Ten years ago when I started as a Prime member, my wife and I didn’t say a word to anyone …
Continue readingAirline stocks were the clear beneficiary of the washout in crude oil yesterday, as detailed in this space highlighting a large bullish roll up and out that took place in Delta (DAL) calls (here): There was …
Continue readingAirline stocks have been one of the few clear beneficiaries from crude oil’s most recent decline. While the group caught a massive bid today, there is an interesting bifurcation as it relates to year to …
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Here is some generally directional, untied options activity that caught my eye during Fridays trading: 1. VIX – saw a sizable bullish roll, but with a bit of a twist. When the index was 12.87 a …
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Here 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 …
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To state the obvious, Airline stocks have been the clear winner in the game of stock market roulette during this decline in oil. Stocks like AAL, DAL & UAL have risen 50% since their October Ebola lows. In hindsight, …
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While the market was very volatile intraday, a market observer looking at only the daily closes for the S&P 500 index would not have thought it an unusual week: Monday -1.6%, Tuesday +0.2%, Wednesday -0.7%, …
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Options volumes shifted to emerging markets and commodities on Tuesday, as single stock options were more subdued. EEM had its highest close in more than a year, and FXI had its highest close since December. …
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