No major theme in Friday’s options volumes. MSFT – Stock neared its high of the year, and ended up 6%. The Nov 37 calls and the Jan14 40 calls both traded over 25k, as traders looked …
Continue readingXOM
A little more than 2 weeks ago we wanted to set up a defined risk bullish leaning trade that XOM would hold an important technical support level and bounce back to its 50 day moving …
Continue reading
Dan discussed the weak reports from retailers last week, indicating potential belt-tightening by the U.S. consumer. The headwinds to U.S. consumer spending are well known, so today I wanted to mention one tailwind: lower gas …
Continue reading
Back in late in Aug Enis and I bought a tight call butterfly (below) in XOM as the stock approached long term support above $86. The stock bounced a bit and we took profits in …
Continue reading
The third quarter went to the small caps. In fact, since the market’s May high, the Russell 2000 is up more than 6%, while the S&P 500 is essentially flat. But the biggest drag on …
Continue reading
Since we initiated the XOM call fly almost 3 weeks ago, oil rallied from near 104 to above 110, but XOM stock was unable to muster much of an advance. With oil’s 2% selloff today, …
Continue reading
MorningWord 8/22/13: Based on a quick perusal of the FOMC Minutes from their July 31st meeting released yesterday, it appears that those charged with keeping our economic ship afloat lack the visibility as it relates to the …
Continue reading
Enis has written about XOM’s fairly dramatic short term decline over the last 2 weeks, first in his Chart of the Day on Monday (here), and then yesterday in his Name that Trade post (below). …
Continue reading
After yesterday’s post on XOM’s amazing run of down days, I received some questions about what I was thinking from a trading perspective. First off, I haven’t traded anything in XOM. While it’s an interesting …
Continue readingXOM has periodically been the largest market cap company in the U.S. market, off and on for the past decade. It was the largest again for most of 2013, before AAPL’s recent resurgence and XOM’s …
Continue reading