It was all just a bad dream. Waking up this morning, following weeks of ominous headlines about a stock market crash in China, the end of the EuroZone as we knew it, the first quarterly …
Continue readingSO
Back in late December, with Utilities stocks at all time highs we expressed a dim view (New Trade – XLU: Utility Playa) of their future prospects: The out-performance of the XLU, is surprising, even given the …
Continue reading
On Monday I previewed NFLX’s Q1 results due out after the close (below). The implied one day move is now about 9.5%, the April 17th weekly $472.50 straddle (the put and the call premium) is …
Continue reading
Netflix (NFLX) reports Q1 results Wednesday after the close. The options market is implying about a 10% one day move which is shy of the 12.5% average over the last 4 qtrs, and below the …
Continue reading
Yesterday’s 1.3% gain in the S&P 500 was certainly a head-scratcher. For the life of me I could not figure out the reason that for that sort of upward pressure right out of the gate. …
Continue reading
Here is some generally directional, untied options activity that caught my eye during Monday’s trading: 1. XLF – when the etf was 24.33 a trader paid .21 for 68,000 April 24.50 calls to open (81,000 ended …
Continue readingA few weeks ago I took a look at FDX with an eye towards tomorrow morning’s fiscal Q3 report (below). I was particularly focused on the price of FDX options, while also taking a peak …
Continue reading
You might have noticed the similar pattern in U.S. equity returns for the months of January and February over the last two years. Last January the S&P 500 (SPX) saw a fairly sharp drop of …
Continue reading
The largest trade on the day across single stock, etf and index options was a long dated bullish trade in GE. When the stock was $25.93 a trader paid .52 for 125,000 of the Jan2017 …
Continue readingShares of Fedex (FDX) have nearly doubled-up the performance of the S&P 500 (SPX) since the market lows in 2009, up about 400% vs the SPX up about 200%. What’s interesting about the recent price action …
Continue reading