The Economist had an in-depth article in this week’s issue with the subtitle, “The day of the huge integrated international oil company is drawing to a close.” The article goes on to argue that the …
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MSFT has quietly become the 4th largest market cap stock in the U.S. market in the last 3 months (after XOM, AAPL and GOOG), as it rallied to 6 year highs. Dan discussed his dislike …
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Energy was the strongest sector yesterday. XLE is now trading at its highest level since mid-2008, when oil was still above $100 / barrel. The cause for today’s run in XLE is less about oil, …
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Those 2 names dominated option volumes on an otherwise quiet day. BAC – Top 5 most traded lines in the market today were all BAC calls, as the stock rallied 5% after announcing a settlement with …
Continue readingThe best chart I have seen all week is an illustration of the large underperformance of the largest market cap company in the U.S. AAPL’s recent underperformance led to a frenzied debate about just how …
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For once, old economy stocks were at the top of the single stock most active list. XOM – Now again the largest market cap in the world. Buyer of 50k of the Jul 85 puts to …
Continue readingLots of option volume today in stocks which have dividends tomorrow. Market makers tend to swap big numbers of two lines of deep-in-the-money calls with some open interest in the hopes that people will forget …
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Dan and I had a discussion yesterday about the proper way to gauge this market. The cause for our discussion was the increasing divergence between the Russell 2000 index and the S&P 500 index. In …
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Dan and I both agree that oil’s big up move on Friday was likely a one-hit wonder. Too many people are focused on policymaker action because of the experiences in 2010 and 2011, but 2012 …
Continue readingNothing has stood out to me more about the last 3 years than the changing nature of stock price action. Sometimes it’s hard to explain, but I know it’s changed, especially as an options trader …
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