TMO – RiskReversal

Too Many Options: $YHOO, $INTC, $AAPL, $WYNN, $GS

August 26, 2014 by Enis • Commentary

Options volumes were concentrated in the tech sector, as the Nasdaq Composite is now up more than 9% year-to-date. 1. YHOO – Looks like more of the Oct 40/43/46 call butterflies traded, after trading around 30k …

Name That Trade – $BIDU: Long Volatility Looks Like a Good Du

August 14, 2014 by Enis • Commentary

We highlighted some interesting call options activity in BIDU in this morning’s TMO post: BIDU – BIDU has held up well after a breakout in July. Saw some call buying yesterday – trader pays 0.41 for 5,000 …

Too Many Options: $BIDU, $GM, $CBI, $AMAT, $ACAS

July 28, 2014 by Enis • Commentary

Options volumes were very light on Friday, including in the macro-related ETFs that are usually more active. A lull in earnings reports contributed to the calm. Here were the standouts: 1. BIDU – New all-time high …

Too Many Options: $OXY, $COH, $GILD, $YHOO, $FCX

July 3, 2014 by Enis • Commentary

One of the lightest volume days of the year ahead of the July 4th holiday tomorrow. The ECB rate release is at 7:45 am EDT today, with Draghi speaking at 8:30 am. The payrolls report …

Name That Trade – $AAPL: Earnings Leverage

June 27, 2014 by Enis • Commentary

Yesterday, there as an interesting ratio call spread that traded in AAPL that I highlighted in this morning’s TMO post: AAPL – While most of the volume was in weekly options as usual, there was a buyer of 14k …

Too Many Options: $TWTR, $AAPL, $YHOO, $MRO, $ASH

June 27, 2014 by Enis • Commentary

The tech sector dominated the single stock options volume yesterday. TWTR was the major standout, breaking above the $40 level for the first time since April. 1. TWTR – Calls traded 3x the average one month …

Too Many Options: $AMAT, $MU, $WLT, $SFUN, $RIG

June 24, 2014 by Enis • Commentary

Both stock and options volumes were light as the indices traded in a very tight range for the second straight session. Semiconductor stocks remained in focus, with AMAT and MU two of the most active …

Chart of the Day – Trader $VIX

June 6, 2014 by Enis • Commentary

VIX spot is approaching the 10 level, which it has only touched on a few occasions over the past 10 years (and really, since the inception of the index): The main difference between the 2004 …

Deep Dive – $WMB

January 10, 2014 by Enis • Commentary

The U.S. petroleum renaissance is gaining steam as more hard-to-reach fossil fuels come online. The FT outlined the nature of the production increase in a Jan. 7th article: The government’s Energy Information Administration predicted on …

Too Many Options: $VIX, $SPY, $UPS, $TSO, $XLP

October 4, 2013 by Enis • Commentary

Macro-related instruments were much more active than single stocks given the increased correlation in the market on yesterday’s down day. VIX – Almost 3x the average 1 month volume. The most active options were actually October …

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