Here is some untied options trades that caught our attention in today’s trading: DXJ: the etf that tracks Japanese equities on a currency hedged basis saw what appears to be a roll up in calls. …
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Yield proxies have taken it on the chin of late, with Reits, Homebuilders, Utilities and Telcos (AT&T & VZ) all down about 10% since July, after expectations for late 2016 rate hikes increased. An interesting …
Continue readingOn Friday’s Options Action on CNBC we had JPM’s former market strategist Tom Lee, now of FundStrat, who made a very bullish case for a Q4 rally for a whole host of reasons but none bigger …
Continue readingEarlier, Enis highlighted the sharp move lower in the IYR, the iShares Real Estate etf. It is down about 4% on the week and 2% today alone. Obviously, the move in rates this week is …
Continue readingYesterday’s unusual options activity in IYR is particularly interesting given the aggressive selling that we continue to see in the Treasury Bond market today. To recap, here was the trade from today’s Notable Activity post: …
Continue readingApple continues to be the focus of the options market this week. Outside of the market’s largest stock, sector ETFs and a few single names had big prints. 1. AAPL – Interesting roll in AAPL, as …
Continue readingNew all-time high for the S&P 500 index, and VIX spot closed below 12 for the first time in nearly a month. 1. HTZ – Hertz traded its highest single day stock volume in its history. …
Continue readingAs the market looks set to gap lower for the second straight session, and the S&P 500 index now at 2 month lows, the sector rotation in the past week has not exactly been typical …
Continue readingIt’s no secret that utilities and REITs have been two of the best-performing sectors in the market this year. They’ve been highly correlated to rates, generally rallying when rates moved lower as investors added high-yielding …
Continue readingETFs much more active than single stocks once again. EEM was particularly active, as the emerging market ETF closed at its highest level since mid-November. 1. EEM – Calls traded more than 3x the average volume, …
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