Considering the start to the week, with Monday’s delayed reaction to disappointing December Jobs number, I think it’s fair to say that if we closed right here (basically unchanged from last Friday’s close), that it …
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Friday was the strongest one day move higher since Nov. 8th. Not surprisingly, most large prints were on the call side. EEM – Seller of 126k of the Dec 40 puts at 0.28 to close shortly …
Continue reading1. AIG – stock continues to decline, now down 8% since its earnings results last week and now essentially trading at the low from early October. A trader made a fairly large upside bet in …
Continue reading1. MSFT – The stock continues its run to multi-year highs, and the best performer in the Dow Jones Industrial Avg for the second day in a row. While the price action in the stock …
Continue readingCBOE composite put/call ratio hit its lowest level of 2013, closing at 0.68. GE – Oct 25 calls traded over 70k after GE rallied 3.5% on earnings, right through the $25 level, breaking out to its …
Continue readingSingle stock options were focused on October expiry, with macro ETFs much of the rest of the volume. GE – The Oct 25 calls traded over 40k at an average price of 0.10. GE reports this …
Continue readingThe VIX rallied 16% even though the SPX index was only down 0.7%. CBOE Put/Call Ratio closed at 1, though skew steepened significantly as traders became more concerned about the downside tail. VIX – Over 700k …
Continue readingThe third quarter went to the small caps. In fact, since the market’s May high, the Russell 2000 is up more than 6%, while the S&P 500 is essentially flat. But the biggest drag on …
Continue readingWith the SPX making new all time highs and near euphoria that the Fed not pullback on asset purchases I think this will ultimately be perceived as negative, as the Fed does not feel the …
Continue readingAAPL dominated single stock volumes on its big down day. AAPL – Call to put ratio at 1.9, quite high for such a precipitous drop in the stock. The weekly 470 and 475 calls were the …
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