Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. AAPL – when the stock was $126.45, a trader paid 1.58 for the Jan16 130/150 1×2 call spread, 7,700 by …
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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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I noted in my Macro Wrap this morning the unexpected reaction of the EUR/USD currency cross to the Yellen nomination news: The Euro has been a bastion of strength in an otherwise choppy market over …
Continue readingSince the spring, the USD has been weak vs. developed markets and strong vs. emerging markets. On an overall basis, that adds up to weak, since most of the currency volume is in the big, …
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Rather than write about the over-analyzed FOMC meeting later today (where the reaction probably matters more than the news anyways), I wanted to look briefly at how quiet the markets have become ahead of the …
Continue readingThe trend is your friend. You’ve probably heard it countless times, and I generally roll my eyes when I hear it myself. If only it were so simple. Where does the trend end and a …
Continue readingMy focus in the last week has been internally debating what to do with my many long June options. I have expressed a variety of views through June premium (the largest position in my personal …
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With rates perking up, inflation entering the investor lexicon again, and the Fed & Co. potentially forced on hold as a result, we took a look at the UUP ETF options to see if there …
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