The inverse relationship between the price of gold and the U.S. dollar is something that makes intellectual sense, but there is no shortage of historical data that suggest the two can trade in the same …
Continue readingGLD
Gold and Gold mining stocks have been left out of the rally in just about every other risk asset on the planet since early November. While materials and mining stocks (measured by the XLB, the …
Continue readingHere are some apparently directional options trades that caught our attention in today’s trading: GLD: the shiny metal has sat out the explosion in metal and mining stocks over the last month or so, with …
Continue reading
Here was some apparently untied directional options activity that caught my eye in today’s trading: MET: Shares of the life insurer saw a sharp intra-day reversal after initial opening down at a one month low …
Continue reading
Yesterday’s price action across most major risk asset classes was a clear indication that investors are re-positioning for rate tightening cycle. Let’s quickly refresh The S&P 500 (SPX) was down 0.5%, the yield on the …
Continue reading
Here was some (apparently) untied directional options trades that caught my eye in today’s trading: BABA: the Chinese eCommerce giant Alibaba apparently has a date with its prior all time high near $120 (from late …
Continue reading
Overnight, Bloomberg News highlighted waning momentum for Gold (Gold Losing Appeal for Investors Retreating From Rally Bet), citing data suggesting: Hedge funds and other speculators cut their wagers on a bullion rally for the fourth …
Continue reading
On Monday in this space we highlighted some upside call buying in the gold etf GLD (here). The buying was concentrated in September quarterly expiration and was playing for a move back towards $140. Today …
Continue reading
I’m starting to sound like a bit of a broken record, but if someone is looking at the S&P 500 (SPX) up 2% on year and about the same amount away from its May 2015 …
Continue reading
Here are what appear to be a couple directional options trades that caught my eye in today’s trade: GLD: One of the largest trades in the options market today appeared to be a bullish roll in …
Continue reading