Yesterday in this space we discussed the illusion of massive equity market gains since the Nov 8th election (Alternative Tracks). The reality is that the S&P 500 (SPX) is up a mere 3.5% from the …
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On November 11th we laid out the case that from a technical perspective XLE, the energy stock etf, had the potential to hold its uptrend and make new highs for 2016. We expressed that view …
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A few weeks ago, when Crude Oil was in the low $40s we made the case that large cap oil stocks were showing great strength relative to the commodity, and the XLE, the Energy Select …
Continue readingAAPL: The largest single stock options trades today were in Apple:
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On Wednesday (Big Printin’ – XOM Dec Calls) we highlighted some out of the money call buying in Dec expiration in Exxon (XOM): XOM… saw some fairly heavy short dated call volume that was 2.5x that …
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After some early weakness this morning, Crude Oil held at near term support, and is now threatening to break above the uptrend from the February lows: The technical set up here feels precarious at best, …
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Remember the Taper Tantrum in 2013? Seems like a distant memory. But the U.S. Fed floated the trial balloon that they would start tapering bond purchases from their QE highs of about $85 billion a …
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The S&P 500 (SPX) clawed back a good bit of its early 1% losses by days end. One noticeable theme in today’s trading was options traders rolling existing positions: GS: bank stocks under-performed the broad market most of the day, with …
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In 2015 the energy sector, measured by the S&P Energy Select etf (XLE) was the worst performing group, down 22%. In 2016, the XLE is the best performing group, up nearly 20%. As we barrel into year end, …
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Here are a few apparently directional options trades that caught my eye in today’s trading: XLK: There appeared to be an opening bullish bet in the S&P Technology Select etf when the etf was trading $47.70, …
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