You know the old bear market saying, sell the rumor and buy the news. Overnight China released economic data that whiffed across the board and included the lowest GDP print since 2009. A good bit of …
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Earlier today we highlighted some large short dated put activity in JPM (Name That Trade – $JPM: Bank Shot), which also drew our attention to what is now a new 52 week low in shares …
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Here is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. CHK – On Wednesday we saw crazy short dated call buying in UAL (here), and yesterday we see a considerably larger, much longer …
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Investors in U.S. bank stocks have been torn this year with an uncertain and unexpected rate environment, coupled with the headwinds to earnings growth from increased regulation. As a group, it has been hard to put …
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Viacom is one of the worst performing large cap stocks in the S&P 500 in 2014, down around 17% year-to-date. The company reported earnings today that slightly beat estimates, and the stock is up 5% so …
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As the commodity sector gets hit one by one, starting with coal producers, then oil drillers, then precious metals miners, there is one sector that has gotten less press than the others – agriculture. Crop …
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Event: MSFT reports its fiscal Q1 earnings today after the close. The options market is implying about a 3.25% one day move, which is above the 4 qtr avg of about 2% but just about in …
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Boeing has been a major laggard in 2014, after a monster performance in 2013 on a breakout to a new all-time high. We have been negative on Boeing for the past year as a result …
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Options volumes were concentrated in the tech sector, as the Nasdaq Composite is now up more than 9% year-to-date. 1. YHOO – Looks like more of the Oct 40/43/46 call butterflies traded, after trading around 30k …
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Event: MSFT reports its Fiscal Q4 earnings tomorrow after the close. The options market is implying about a 4% one day move, which is below the 4 qtr avg of about 4.75% but just about in …
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