Part of my morning routine is to go through all the major asset classes globally, and get a sense for inflection points in the market. Gold seems to be at such an inflection point. Here …
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Feels like 1999 all over again, as the PC names drove single stock options volume today. DELL – Feb 14 calls traded almost 40k on the day, at an average price of $0.21. The Feb 13 …
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On Jan options expiry, the usual suspects dominated single stock options volume – AAPL, BAC, FB. AAPL – It did indeed pin 500. The 500 calls and puts expiring today traded 120k and 80k respectively. Interestingly, …
Continue readingWith gold’s weakness after the QE4 announcement from the Fed last week, what is the chart saying about gold’s next move? Here is the 3 year chart of GLD with its 50 (pink) and 200 …
Continue readingLook at the chart of GLD vs. GDX (gold miners ETF) over the last 3 years: The black line shows GDX over the last 3 years (down 10% in the period), and the …
Continue readingETFs were more active than single stocks today in options land; here are the top trades: XHB – First large put spread traded in the morning. Trader paid $0.81 for 10k of the March 24 …
Continue readingTrade Update, Jul 20th, 2012 3:20 pm: I originally put this trade on in anticipation of a break of $25.50 in SLV, which was multiyear support. While SLV did make several attempts to break that …
Continue readingI like to make money. I have almost no other objective when I trade. Don’t get me wrong, I thoroughly enjoy the game. I like to predict what will happen in markets. I like to …
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Silver caught my eye on Friday even though gold was getting all the headlines. There has been much talk about the potential for a break lower in GLD (here is one example of a technician’s …
Continue readingTrade Update 11:15 AM EDT – JUNE 1, 2012 TLT continues its amazing run this week, and I am going to take the opportunity to sell the balance of my June 124 / 129 call …
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