Yesterday 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 …
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The large-cap tech stocks had the most options volume on Friday, in a session that was very light on volume once again, continuing a trend of the past 3 months. 1. AAPL – The stock set …
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One of the lightest volume days of the year ahead of the July 4th holiday tomorrow. The ECB rate release is at 7:45 am EDT today, with Draghi speaking at 8:30 am. The payrolls report …
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Single stock options were focused on October expiry, with macro ETFs much of the rest of the volume. GE – The Oct 25 calls traded over 40k at an average price of 0.10. GE reports this …
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Calls continue to dominate the volumes, with Friday no different. XLF – Buyer of over 100k of the Oct 21 calls for around 0.10 in the afternoon. XLF’s high in 2013 is 20.93. INTC – The Oct …
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Staples and health care were the clear leaders again today, and option volumes light. VOD – Stock closed up 4% with a big intraday range after chatter about a potential bid from AT&T and Verizon. The …
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Dan and I both agree that oil’s big up move on Friday was likely a one-hit wonder. Too many people are focused on policymaker action because of the experiences in 2010 and 2011, but 2012 …
Continue readingThis is a preview of what I’ll be discussing on Talking Numbers on CNBC today between 3:20 and 3:30 pm EST. As I mentioned in my Morning Wrap, crude oil’s bizarre weakness yesterday piqued my …
Continue readingTrade Update, May 31st at 12:45 pm: OXY is retesting its recent lows again today with crude selling off, and it bounced at the important $78 level for the second time, so I am going …
Continue readingMy focus in the last week has been internally debating what to do with my many long June options. I have expressed a variety of views through June premium (the largest position in my personal …
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