This morning’s better than expected November non-farm payrolls number and lower than expected unemployment rate at 7% have for all intents and purposes almost guaranteed a taper in the coming months. The pundits on CNBC …
Continue readingTLT
Low options volumes on a quiet Friday, with few single stock options of note. MRO – Customer sold 19,500 of the Dec 33 puts at 0.48 to open. MRO last traded below $33 in August. It …
Continue readingSingle stock options took a back seat to the ETFs and VIX on Wednesday. SPY – Implied volatility was down 2 points in November, and skew was crushed too. The Oct25th 169 puts were the most …
Continue readingExactly one month ago I initiated this long call position with the thought that high dividend paying stocks that had gotten hit as rates rose over the last month would possibly come back in vogue …
Continue readingOne by one, the big losers of 2013 have rallied back. AAPL and Gold, Silver, and Gold Miners all bottomed near the end of July. Since then, they have been outperforming assets rather than dramatically …
Continue readingGlobal volatility is gradually rising for various asset classes. Implied volatility for most assets is now higher than their 52 week moving averages, a rare occurrence over the past 18 months, a period of especially …
Continue readingThe bond market doesn’t seem to care much about the back and forth between the conflicting economic data which could or could not lead to the Fed to taper bond purchases as soon as mid …
Continue readingMorningWord 8/2/13: The July jobs data is out and to some the fact that the economy added only 162k jobs, 26k below the consensus estimates and revised the June number down by 7k, while the …
Continue readingStanley Druckenmiller, illustrious hedge fund manager, earlier this year referred to the U.S. interest rate as “the most important price in the most important economy in the world.” Ahead of the monthly payrolls report today, …
Continue readingImplied volatility in the U.S. stock market has moved to near the lows of the year (VIX at 13 is enough to show that). For the first time since April though, implied volatility in the …
Continue reading