Ten days ago we placed a somewhat contrarian trade in the utilities etf XLU. It has just sold off on renewed expectations of a Fed rate hike. It tends to outperform the rest of the …
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On the heels of Friday’s stronger than expected October jobs data, Utility stocks were the hardest hit sector in the market, with the Utilities select etf, the XLU closing down nearly 4%. For the second …
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The S&P 500 (SPX) is up 8% from last Friday’s low. That low followed Sept’s disappointing and downward revised August employment data that basically put the final nail in the coffin for any chances of the FOMC …
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A little less than a month ago we expressed a bullish view on Utilities stocks in the sector etf, the XLU. At the time XLU was close to support and we thought mis-priced given what markets were saying …
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The last time we traded the Utilities Select etf (XLU) was back in late December 2014 when the etf was approaching new all time highs, up 30% on the year, and by far the best performing …
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The financial media highlights quarterly changes in large institutional investor holdings from their from 13F filings, which are submitted four times a year. It’s important to note that these filings are due 45 days after …
Continue readingHere is some generally directional, untied options activity that caught my eye during Monday’s trading: 1. AAL – about an hour before the close a trader paid $4.55 for 30,000 Jan 40 calls and sold …
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Back in late December, with Utilities stocks at all time highs we expressed a dim view (New Trade – XLU: Utility Playa) of their future prospects: The out-performance of the XLU, is surprising, even given the …
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Back on Feb 10th, following KO’s Q4 results, we placed a short term bearish trade as we felt the stock’s gains of 3% on the results delivered was unwarranted. A month later the stock was …
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A month ago we looked to fade Coke’s (KO) post earnings bounce (read below.) We entered the short biased trade when the stock was $42.55 and now with the stock at $40.25, down 5%, and nearing our short strike …
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