CBOE put/call ratio was down to 1.01, on the low end for June so far. Options volume still dominated by macro trades. FXI – Buyer of more than 100k of the August 37 calls for 0.08 …
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I am very wary to use the word “unprecedented” when describing financial markets. Because no matter how much we’d like to believe that our experiences are unique to our special selves, there are almost always …
Continue readingI just saw the following re-tweet come across my stream thanks to Patrick Chovanec, an expert on the Chinese banking system: RT @squirrelburger: @prchovanec this is the minsky moment for china. All credit is simply …
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Old Tech dominated volume again, though more diverse set of names had significant options volume today. PCS – Deutsche Telekom indicated that it was going to sweeten terms during the day (and did indeed submit a …
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The market opened down, following through on a rough day yesterday, tested the 1500 level in the SPX several times and settled just above at the close. Here are some of the notable trade in …
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On a quiet day, calls and call spread buyers dominated trading, with BAC and AAPL leading the way again. AAPL – Panic was evident on the open from the options market, as more puts were …
Continue readingTrade Update Oct 10th, 2012: The original thesis on my CMI trade was that traders would be wary of another weak result from CMI given broader international industrial trends. Well, CMI guided down last night …
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Cummins has been on my radar ever since I first wrote about Caterpillar and its ties to the China back in May. In that post, I discussed the price signals being sent by FXI and …
Continue readingA theme we’ve latched on to in the past few weeks on the site is Chinese-focused demand weakness. On that theme, we’ve initiated FXI, TIF, and YUM put spreads so far, and will likely execute …
Continue readingIt took less than an hour for the market’s focus yesterday on the Fed press release at 12:30 to shift back to concerns about Europe, as rumors surfaced that Merkel had agreed to ESM bond …
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