To state the obvious, the price action yesterday in media stocks was atrocious, with both Disney (DIS) and Time Warner (TWX) closing down about 9%. What’s troubling about a one day moves of that magnitude …
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Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. XLY – saw a large bearish roll. When the consumer discretionary etf was a 76.16, a trader sold to …
Continue readingOn Friday after noon we outlined a trade idea in the Consumer Discretionary etf, XLY. The idea was not to press the weakness, but wait for a bounce and then enter the trade. With equities …
Continue readingExpanding on the consumer discretionary theme from earlier (New Trade – $LULU: Downward Dog?), I think it warrants taking look at a sector etf that has been more resilient then teflon, the XLY. All you …
Continue readingHere is some generally directional, untied options activity that caught my eye during Friday’s trading: 1. SPY – despite closing down nearly 1.5% on the day, the largest trade of the day was a massive bullish roll …
Continue readingHere is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. JPM – total options volume ran 1.5x avg daily volume with calls dominating, making up 85% of the days volume. …
Continue readingHere is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. DIS – The stock continues to make new all time highs, closing yesterday at a new one, now up …
Continue readingA weakening U.S. consumer has been a theme with us for months, and we have routinely made the point that the strong performance of the XRT and the XLY have masked some fairly dismal single …
Continue readingMorningWord 10/9/13: Despite some fairly high profile Q2 earnings misses from retailers in August (COH, M, RL, TGT & WMT) the XRT and the XLY nearly matched and made new all-time highs respectively with …
Continue readingMost professional portfolio managers, whatever their sales pitch, are in the business of chasing performance. Their career is always more at risk if they miss the big trends than if they fail together with the …
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