Yesterday was the third consecutive decline for the S&P 500 (SPX). A rare occurrence in 2015. And there was some fairly interesting price action in yesterday’s session, across asset classes. First and foremost, the 2% intra-day reversal. …
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In front of Friday’s OPEC meeting, S&P Energy Select etf (XLE) puts are active, with 83,000 puts already trading on the day, vs the one month average of 61k per day and 27k calls traded …
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Here is some generally directional, untied options activity that caught my eye during Monday’s trading: 1. QQQ – on a day that saw the Nasdaq Composite close above 5000 for the first time since March …
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Exxon (XOM) has had a tough week, down about 4% vs the XLE (of which it is 16% of the etf’s weight) which is down only 1.5%. The under-performance is related to Warren Buffett’s disclosure …
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Trinity Industries (TRN), the manufacturer of railcars and highway guardrails (to name a few of their sexy products) has traded in lock-step with oil stocks over the last year (TRN in white and the XLE, …
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Options activity was once again focused on the energy sector. XLE actually closed in the green by the close for the first time in 5 sessions. Meanwhile, the S&P 500 index closed down 0.7%, its …
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The energy sector was the most active in the options market on Friday after the huge drop in oil prices last week (around 13%). 1. XLE – XLE declined over 6% for the first time since …
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Not a surprise that options volumes were near their lows of the past year ahead of Thanksgiving. VIX spot touched 12 on Wednesday for the first time since September. 1. XLE – Dec5th expiration puts were …
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The S&P 500 index has not closed down by more than 0.35% since Oct. 22nd. 10 day realized volatility remained below 5. I discussed the volatility backdrop in yesterday’s CotD post. 1. AAPL – Highest volume …
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Another new all-time high for the indices, and single stock options were heavily skewed towards calls, though ETFs saw some put activity. 1. XLE – Energy remains the main lagging sector in 2014, still down 3% …
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