BAC – A trader sold 125,000 Jan2015 $17 calls at .79 to close, vs the trader buying 4,125,000 shares for 14.45. Open interest in the strike is 194,000. EWJ – The Japanese ETF saw …
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INTC – saw heavy call activity today as it appeared there closing buyers of upside calls. These could have been long holders who had overwritten the stock. Shortly after 11am, a trader bought …
Continue readingEEM – The usual suspect was back with his monthly role down and out of puts. A trader sold to close 210k Nov 42.50 Puts at 1.60 and bought 250k of the Dec 41.50 …
Continue readingThe CBOE composite put/call ratio remained below 1 on Friday Nov 8th. The last time it was at 1 or higher was on October 15th. WFC – Customer sold over 100k of the Jan14 44 calls …
Continue readingHousing has been a special sector of focus for policymakers ever since the financial crisis. The Federal Reserve explicitly cited the threat to the housing recovery in last week’s statement. Housing-related stocks have shown relative …
Continue readingIn the past week, there have been a spate of upgrades in the housing sector following decent earnings numbers from DHI and PHM. Homebuilders have rocketed higher from their lowest levels in 2013, and are …
Continue readingThe housing comeback story is old news by now. Forget the housing comeback, the new debate seems to be centered on the extent of the new housing boom. Goldman Sachs Research wrote the following in …
Continue readingTOL reports their fiscal Q4 earnings tomorrow morning before the bell. The options market is implying about a 3% move, which is a bit shy of the 4 quarter avg. move of about 3.5%. TOL has …
Continue readingLEN reported better than expected results on most metrics, the stock was intitally trading up over 3% pre-market prior to the conference call. The stock is now trading down about 2.25%, which for now is …
Continue readingThe homebuilders have made 5 year highs while the market has languished in the past 2 months. A decent spring selling season has re-introduced optimism into a sector that was left for dead 3 years …
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