Despite the overnight weakness in Asia, our equity markets found their footing right out of the gates after yesterday’s 2% drubbing. Below is a list of some untied single stock options trades that caught our …
Continue readingGDX
On a day that saw heavy selling across all the major indices including the Nasdaq’s worst day since 2011, these were some large options trades that caught our attention: 1. VIX – Huge roll in calls, trader …
Continue reading
Macro instruments dominated options volumes once again on Friday, and the VIX closed at its highest level since early October. 1. VIX – Seller of 120k of the Feb 16/20 call spread at 1.10 to close …
Continue reading
Options volumes on Friday were dominated by macro ETFs, as markets have started to move together to start 2014 (see our Macro Wrap on Friday about the return of Risk-On / Risk-Off). 1. VIX – …
Continue reading
1) AA – prior to last week’s disappointing Q4 results, the stock was trading at the highest levels in almost two years. Today a trader rolled calls up and out by selling 45,000 Jan 10 calls …
Continue reading
MorningWord 12/17/13: As we head into year end there is always the talk about exactly what stocks portfolio managers at large mutual funds and hedge funds are willing to keep on their books. What they …
Continue reading
Here’s our next addition to our investment portfolio:
Continue reading
MorningWord 12/4/13: GDX hit its lowest level since November 2008 yesterday, and is now down 69% from its peak in September 2011. Quite a picture of wealth destruction. While the descent in the gold miners …
Continue reading
Stock volumes were their highest in more than 2 months, and options volumes were similarly elevated. SPY – Very active day in S&P 500 index options as well as the ETF. Volumes were 2.75x normal. The …
Continue readingGDX is trading above its 50 day moving average for the first time since October 2012. That’s quite a 9 month streak of weakness, paralleled by the steep downtrend in gold and silver in that …
Continue reading