Calls were much more active than puts among single stocks, led by YHOO ahead of today’s Alibaba IPO. 1. YHOO – Options traded around 3x the average 1 month volume. The largest single print was a …
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Schlumberger hit a new all-time high last week on massive volume after very bullish analyst meetings where the company laid out guidance all the way to 2017 (guiding $9-$10 per share) in a major show …
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Call buying dominated volumes once again, and September options were very active ahead of expiry tomorrow. TSLA – New all-time high in TSLA. Options volumes were double the 1 month average. The weekly 180 calls, the …
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Energy was the strongest sector yesterday. XLE is now trading at its highest level since mid-2008, when oil was still above $100 / barrel. The cause for today’s run in XLE is less about oil, …
Continue readingEnergy (as measured by XLE) is the best performing major sector in the U.S. market this year, up more than 8% vs. the 5.2% advance for the S&P 500. It had been a forgotten pocket …
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Friday’s earnings had a number of mixed results, with MS strong and COF weak, GE strong and INTC weak, and SLB strong and JCI weak. The results are slowly filling in the macro picture for …
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The past few trading days were what I used to call “side-bet” days on the trading desk. That means that price action was so quiet in broader markets that traders everywhere were coming up with …
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