As has been par for the course over the past few years, U.S. stock markets have rallied ahead of the FOMC meeting. The S&P 500 is now less than 1% from all-time highs set in …
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With the market touching new highs and shrugging off all the threats that sent it down in January, it’s time to check in on some of the short delta positions we’ve placed and see whether …
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Yesterday we introduced a new portfolio hedge (here) in the SPY as we viewed the options in index among some of the cheapest of large U.S. equity indices where we could get near the money …
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On Friday I laid out a strategy for those looking for portfolio protection, or looking to make an outright bearish bet on the broad market that we would go back and test last Monday’s lows, …
Continue readingFor all the hemming and hawing about this week’s market volatility, as I write at 3 pm, the SPX is in the exact same spot of where it was at this time last week. It …
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First off, let me just be clear that I’m one of the few who don’t think this selloff has much to do with EM. Hard to believe that it was only 10 days ago that …
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With macro much more in focus in 2014 (and the return of risk-on/risk-off), options traders have turned their attention to the broader indices more than individual stocks. As the SPY holds the 100 day moving …
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Macro ETFs once again dominated options volumes as traders were more concerned with portfolio protection than individual stock situations. 1. SPY – The weekly 180 calls were actually the most active line, mostly trading ahead of …
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I am no macro maven, and know very little about what is really going on in the Chinese economy, but the price action of Chinese equities for the last few years has been downright disgusting …
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Here are some of the large options trades that caught our attention today: 1. SPY – there was a buyer of the Feb 170/162 Put Spread 35,000x paying .85, trade breaks-even down at 169.15 …
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