With retail stocks getting slammed today as result of poor results and guidance from Macy’s (M) I wanted to take the opportunity to update a bearish options trade detail here, and discussed on CNBC’s Options Action this …
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2015 may be remembered as the year the U.S. consumer Netflix’d and Chilled. In between episodes of House of Cards and Orange is the New Black, Americans bought their organic foods from their Instacart app, their …
Continue readingEvent: TJX Companies (TJX) reports Q3 results tomorrow before the open. The options market is implying about 8.5% one day move, which is massively rich to its 4 qtr average one day move of 3.4%. …
Continue readingThis Valeant (VRX) story is far from done. For those that thought the volatility in the stock was brought on solely by some shadowy short biased research house, think again. The WSJ set its sites on …
Continue readingHere is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. BAC – The largest single stock options trade of the day was in BAC,. When the stock was 17.60 a trader …
Continue readingHere is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. T – total options volume was more than 3x average daily volume with calls making 75% of the volume. The …
Continue readingNo major theme in options volumes yesterday. Earnings season is nearly over, which has led to lower single stock options volumes in the past week. 1. CMCSA – Comcast shares have bounced back rapidly in the …
Continue readingAckman, Icahn… Icahn, Ackman. After the past few years it seems like these two hedge fund titans go together like peanut butter and jelly. Both have been extremely vocal advocates for shareholders of publicly traded companies, …
Continue readingYesterday was one of the lowest volume days of the year in the overall market. Second straight untilled gap up, and the S&P 500 index closed right at its 200 day moving average. 1. OXY …
Continue readingFriday expiration was relatively quiet with the indices closing higher after a move up in the afternoon. The 1860 level in SPX cash is the spot to watch this week on the downside – that …
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