I have a feeling that we will look back on today and say this was a fairly important reversal day, maybe not only in risk assets, but possibly in investor sentiment towards the effectiveness of Central …
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Janus Capital’s Bill Gross issued his monthly investment outlook this morning (here) with a specific focus on financial stocks, particularly banks. Not surprisingly, Gross is cautious on the sector. He feels that monetary policy that have …
Continue readingTo say that market participants are nervous at the moment is a bit of an understatement. Most investors probably can’t even remember the last time the S&P 500 (SPX) was down 9% and the Nasdaq …
Continue readingYour guess is as good as mine why the S&P 500 is up 1.8% today, reversing much of the last two day’s losses. Wednesday and Thursday equity weakness was being assigned to Fed Chair Yellen’s …
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Last week on Oct 6th we made the case why weekly XLF puts appeared to be dollar cheap (not in implied volatility terms) considering that 30% of its components were reporting earnings this week. To …
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Event: JPM reports Q3 results tonight after the close. The options market is implying about a 2.5% one day move, which is shy of the 1.75% average over the last 4 quarters, and basically in …
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Next week is a big one for banks stocks as about a third of the weight of the Financial Select etf (XLF) are set to report Q3 earnings: Oct 13th: JPM Oct 14th: BAC &, …
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Last week in this space we highlighted some short and long dated put buying in the financial select etf, XLF, (Chart of the Day – $XLF: Bank Teller?) in front of 50% of the etf’s …
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Last night on CNBC’s Fast Money Dan highlighted some put activity in the XLF, the Financial Sector etf. Watch here: ? Here were Dan’s notes for the segment: Sizzle: put volume was 1.5x average daily volume. …
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Yesterday, an options trade in the XLF caught my eye. When the S&P Select Financial etf was trading $23.19 a trader paid .25 for 25,000 of the Oct 24 calls. Most of these looked to …
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