Here is some generally directional, untied options activity that caught my eye during Thursdays trading: 1. UUP – the US dollar seeing some pretty healthy gains vs the Euro this week, up about 3.5% since Good Friday, with the …
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Over the last few weeks, many technical analysts were calling for a breakout in the homebuilders stocks, particularly the iShares U.S. Home Construction etf the ITB as a pure-play on the sector (50% of the …
Continue readingIN an economic recovery that has repeatedly trumpeted the housing recovery as one of its pillars, the XHB’s under-peformance to the broad market ytd (up ~12% vs the SPX up 18.50%) is quite interesting because …
Continue readingThe homebuilding stocks have been whacked in the past couple months. They can’t buy a bucket even with the broader market holding up quite well. We haven’t liked the homebuilders on a fundamental basis for …
Continue readingMorningWord 7/26/13: High profile earnings and the stock’s subsequent reactions were across the board this week, and frankly from a 30k foot view, they were not very helpful to those looking at U.S. corporate earnings …
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 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 readingTrade Update July 20th, 2012 at 3:15 pm: PHM is going to end up above our short 10 strike on the short Jul 10/12 call spread that we sold for 0.44 against the long …
Continue readingTrade Update May 4th, 2012 at 10:25am: TOL is now through our long June 26 strike on our 26/28 call spread. The stock is near 5 year highs at $26.30 after a strong round …
Continue readingTrade Update April 16th, 2012 at 12:50pm: With TOL up 2.5% on an analyst upgrade from KeyBanc, and 60-day implied vol near the highs of the year, we think it’s a good opportunity to …
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