Options volumes on Friday were dominated by macro ETFs, as markets have started to move together to start 2014 (see our Macro Wrap on Friday about the return of Risk-On / Risk-Off). 1. VIX – …
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Citigroup and Goldman Sachs both declined after earnings yesterday, pulling XLF back down to the $22 level that it has been grappling with this month. (Full Disclosure: I’m long GS stock through restricted shares as …
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Event: AXP reports their Q4 results tomorrow before the open, the options market is implying a one day move of about 2.6% which is essentially inline with the 4 qtr average move of about 2.7% …
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Tight leash means tight leash, the trade is now a bit binary but leaning more towards a loss than a gain in the next 2 trading days, we are going to close the trade and …
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Back in late November we put on 2 bullish trades in XLF, both with very different risk profiles, but both left us long Jan 22 calls for .10 with an eye towards playing for a …
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Financials got off to a strong start in 2014, but after yesterday’s decline and today’s tepid bounce, XLF is actually negative now for 2014. Earnings season for the sector kicked off today with JPM and …
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1) AA – prior to last week’s disappointing Q4 results, the stock was trading at the highest levels in almost two years. Today a trader rolled calls up and out by selling 45,000 Jan 10 calls …
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On a day of light volume when the indices were mostly unchanged, single stock options and ETF options were more active. 1. BAC – BAC has started the year on a tear, up more than 5% …
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Back in late Nov we made a couple bullish bets in Jan XLF options playing for a breakout to new highs into Q4 reporting season (below original trade and update from Dec). In fact, 4 …
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Towards the end of November we put on a couple bullish XLF trades (below) to position for a technical breakout in the new year of the bank etf. Currently the ratio spread (the first trade) …
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