Slow creep up all day, at times it felt like watching paint dry, but there were a few large options trades of interest: EWJ: large roll in the 11 strike puts, a trader Sells 50k Sept …
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Quiet volumes in stock and options after the long holiday weekend, and despite the opening gap higher of nearly 1%. TSLA – Looked like a closing seller of some fairly long dated puts today. A …
Continue readingOn Aug 23rd, MSFT’s surprise announcement that CEO Steve Ballmer would be stepping down within 12 months sent the shares up almost 10% nearly completely filling in the earnings gap from July. Flash forward to …
Continue readingMorningWord 9/3/13: In case you missed it, MSFT is taking a page out of GOOG’s book and “buying the cow, despite getting the milk for free (basically free)” with their $7 billion purchase of …
Continue readingTech dominated single stock options volumes today. VIX – Heavy June option volume ahead of VIX expiry tomorrow morning, with the June 17 call trading almost 100k. VIX spot held up better than expected given the …
Continue readingI was primarily impressed today with the number of stocks hitting their 52-week lows in implied vol. 1. HAIN – one of the few stocks hitting 52-week IV30 highs on my Livevol scroll that’s not …
Continue readingI am working on a MSFT earnings preview that will be out later this morning. In the meantime, here are the highlights from markets overnight: Asia continued to be the region of strength, with all …
Continue readingRiskReversal readers and viewers of Options Action know that I am not a fan of RIMM‘s products, strategy or their management. There is not much to add at this point about the magnitude and the breadth …
Continue readingUpdate: TXN last night cut their Q3 guidance below the mid point of the range….Stock was initially down a few % and now up on the day….I am now selling the Put Spread that I …
Continue readingNext Thurs, Sept 15th after the close, RIMM will report their Fiscal Q2. The options market is implying about a 10.5% move vs the 4 qtr average move of about 10%…. I want to make …
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