Energy was the major sector that saw the most stock and options volume yesterday. Volatility picked up a bit, as VIX spot closed above 12 for the first time in a week. Calls were still …
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There are a couple large options trades in the oil patch that caught our eye. Both trades suggest that oil prices could be near an inflection point, possibly by September expiration. What is interesting about …
Continue readingAnother light volume, tight range trading session for the S&P 500 index, though the options market were a bit more active on Tuesday than Monday. 1. AAPL – Seller of 8300 of the July 600 calls …
Continue readingMost active options lines were SPY, IWM, and QQQ puts, as options traders were more focused on broad market protection rather than single stocks. Meanwhile, energy was the worst performing sector, and there was a …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was Mar 17th – Mar 21st:
Continue readingYesterday we laid out the case (below) for a potential trade in XLE, though we decided to wait until this morning rather than rush a trade into the close. This morning, WTI crude oil is …
Continue readingCrude oil is trading at its lowest level in almost a month, below its 200 day moving average and the psychologically important $100 level. The commodity first saw a ramp a couple weeks ago as …
Continue readingIndex and etf options were very active today in front of tomorrow’s triple witching expiration, here were some of the large option blocks trades that caught our attention: 1. XLF – The December 21 calls …
Continue reading1. XLF – largest single option block that traded today was a buy of 161,000 Dec 22 calls with the buyer paying .13 to open when the stock was 21.57 when the etf was just …
Continue readingDan discussed the weak reports from retailers last week, indicating potential belt-tightening by the U.S. consumer. The headwinds to U.S. consumer spending are well known, so today I wanted to mention one tailwind: lower gas …
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