In early 2016 there were no shortage of material and commodity companies that investors feared with a continued collapse in commodity prices and weakening global growth would see their equity engulfed by heavy debt loads. There were few …
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U.S. stocks opened up more than 1% and have traded in a fairly tight range for most of the session, in a 7 point range: After being down a little more than 6% on the month …
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The largest single stock options trade so far today was a bearish roll in Freeport McMoran (FCX), a stock that we recently placed a contrarian bullish options trade in (read here). First I want to …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was Nov 30th to Dec 4th:
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If the 3% decline in the US Dollar vs the Euro yesterday demonstrated anything to investors, it’s that when consensus, crowded trades unwind, they do so in a violent fashion. There have been few consensus trades in 2015 …
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What a difference a year makes. It was about a year ago that I last wrote about Joy Global, the manufacturer of mining equipment. (read here). At that time I was detailing some bullish call …
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Here is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. CSX – continues to see bullish options flow, when the stock was $36.15 a trader sold to open 8,000 May 33 …
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Dan pointed me to this video from last night’s Fast Money with a very good discussion on oil related stocks: . I wanted to zoom in on one point made by Pete towards the end …
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You people know the drill here, this chart pattern is likely to become a bit more familiar in the New Year, the “triangle of death.” Today’s example is Freeport Mcmoran (FCX): What’s fairly obvious at …
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Options volumes were relatively light even with the pop in the VIX on the market selloff. Commodity-related ETFs had the most active options activity. 1. XLE – XLE closed just above its 200 day ma, the …
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