Go figure, a few of my worst trades this year were long biased and in oil related stocks/etfs (CVX, USO and XLE). Exhibit A and B to stick with what you know and don’t be contrarian …
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The relative underperformance of the energy sector vs the rest of the market since July has been quite a sight. A simple chart of sector ETF performance in 2014 does the trick (XLE in white): …
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Friday’s stock and options volumes were much lower than the average of the past 2 weeks, even among single stocks in the midst of earnings season. Here were the few standouts: 1. XLE – Put volumes …
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VIX spot closed above 14 yesterday for the first time in a month, though stock and options volumes were relatively subdued yesterday. Macro ETFs comprised much of the most active options list. 1. QQQ – Yesterday was the …
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Apple continues to be the focus of the options market this week. Outside of the market’s largest stock, sector ETFs and a few single names had big prints. 1. AAPL – Interesting roll in AAPL, as …
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We often highlight unusual options activity, not because we have the intent of following, but more importantly as a gauge of sentiment and to get a better sense for large movements in capital flows. Yesterday …
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The energy sector continues to be the most volatile, with XLE breaking $95 support for the first time since May. Options volumes were highest in the sector, with puts dominating. 1. XLE – The Oct 95/93 …
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For those who don’t know my friend Mike Khouw, he and I have sat next to each other on CNBC’s Options Action program for more than five years. Mike is a very experienced and thoughtful options …
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Options volumes were dominated by the macro ETFs as the VIX touched 17 for the first time since mid-April. CBOE composite put/call ratio closed near 1, relatively tame compared to the large move in the …
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The CBOE composite put/call ratio closed above 1 yesterday for the first time since May 15th. Granted, overall volumes were light, but call activity was more subdued than it has been for much of the …
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