SPLS reported its Q2 results this morning. The overall business trends are still disappointing, especially in the traditional brick-and-mortar retail business. Management is in a race against time, trying to close stores at minimal cost …
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CBOE composite put/call ratio closed at its lowest level in a month, at 0.75. Aside from the usual technology names, some retail and commodity stocks had unusual options activity. 1. SPLS – Buyer of 10k of …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was June 30th – July 3rd:
Continue readingStaples is one of the few left-for-dead stocks of the past 5 years, amidst a general market rally that has lifted almost all boats. The stock is trading near a 10 year low after a …
Continue readingStock volumes picked up yesterday on the move lower (though options volume still subdued). The S&P 500 index remained above its 50 day moving average, which is now around 1868. 1. VIX – VIX expiration for May …
Continue readingTLT and FB dominated option volumes today. FB – Most active lines were the Feb 31 puts, the weekly 34 calls, and the Feb 32 calls, all trading more than 26k. Call to put ratio was …
Continue readingOn Jan options expiry, the usual suspects dominated single stock options volume – AAPL, BAC, FB. AAPL – It did indeed pin 500. The 500 calls and puts expiring today traded 120k and 80k respectively. Interestingly, …
Continue readingLast night it was a tale of two cities for a couple of companies that sell to corporations and can be a decent barometer for corporate spending trends……
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