Event: Apple (AAPL) reports its fiscal Q1 results tonight after the close. The options market is implying about a 5% one day move (and weekly move of about 6%) which is a tad shy of …
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Oracle (ORCL) reports their fiscal Q2 results tomorrow after the close. The options market is implying about a 5% one day move in either direction (the Dec 41 straddle is offered at ~$2, or about …
Continue readingEvent: Apple (AAPL) reports its fiscal Q4 results tonight after the close. The options market is implying about a 3.5% one day move and weekly move of about 4.5%* which is shy of the 4 & …
Continue readingOptions 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 …
Continue readingMorningWord 10/21/13: When I started in this business in the mid to late 1990s the notion of getting a “double” in a stock was something that the old timers told me told me could be …
Continue readingDan hinted a little about this in his earlier post on the Nasdaq Composite‘s tendency to overshoot, and I wanted to follow up on it a little bit. One of the reasons you won’t see …
Continue readingInvestors’ odd obsession with Nasdaq stocks that under/out -perform the SPX has been pronounced in this most recent market cycle as we saw a relatively orderly sell-off from early May to a very sharp V …
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