Earlier today in the XLF trade (read here) I highlighted the dislocation of U.S. equities with that of credit (specifically high yield), fx and commodity markets. While U.S. equities remain a sort of “safe haven” trade given what …
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There is no shortage of explanations for oil’s more than 45% collapse since the 52 week highs in June. Many have focused on oversupply, while some (of late) are placing a greater emphasis on the …
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Investors in U.S. bank stocks have been torn this year with an uncertain and unexpected rate environment, coupled with the headwinds to earnings growth from increased regulation. As a group, it has been hard to put …
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Options volumes were very light considering the 1.5% move lower in the indices yesterday. A few large ETF trades stood out, along with some specific story stocks. 1. XLF – Buyer of 42,500 of the Jan15 …
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Light volumes in options and the broader stock market after two active days to end last week. 1. XLF – Calls very active as there was a seller of over 30k of the Jan15 20 calls …
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After hitting a 1 month low on Monday, the CBOE composite put/call ratio jumped to its third highest level of the past 6 months, closing at 1.08. Overall volumes were still very light. 1. CSCO …
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Here 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 May 5th – May 9th, but also: TWITTER, A RELIABLE …
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We discussed the bear case for financials in a Name That Trade post on Monday, included below. In short, lower rates generally correlate with lower banking stocks, and that is starting to play out in …
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Our earnings recap of the banks last month indicated a difficult overall landscape for the sector. On a sector level, the mortgage business was the particular sore spot, and the fixed income business was broadly weak …
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Financials dominated options volumes as traders were optimistic ahead of the release of the first round of the stress tests after the close. 1. XLF – XLF hit a new bull market high yesterday on elevated …
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