Activity remains below normal as many traders have likely taken off ahead of Monday’s Labor Day holiday. The energy sector was more active yesterday as XLE ran into resistance at its 50 day ma. 1. …
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Another new all-time closing high for the S&P 500 index ahead of Janet Yellen’s highly anticipated Jackson Hole commentary today, scheduled for 10:00 am EDT. The CBOE composite put/call ratio closed at 0.70, its lowest …
Continue readingCBOE composite put/call ratio closed at 0.97 as put activity picked up in the macro ETFs. Single stock options activity was focused in the technology sector. 1. XLF – Trader bought 200k of the Aug16th 21/19 …
Continue readingWe discussed the strength in large-cap technology in today’s MorningWord: Interestingly, tech has been the strongest sector among the mega cap stocks reporting earnings so far, while industrials and consumer staples stalwarts have struggled after their …
Continue readingEvent: FB reports its Q2 earnings tomorrow after the close. The options market is implying about a 7.25% one day move, which is below both the 4 quarter average of 11.5% and the 8 quarter average …
Continue readingEvent: INTC reports Q2 earnings today after the close. The options market is implying about a 3% move, which is slightly above both the 4 qtr avg move of 2.5%, and the 8 qtr avg …
Continue readingEvent: YHOO reports Q2 earnings today after the close. The options market is implying about a 4.5% move, which is below the 4 qtr avg move of 6.5%, and in line with the 8 qtr …
Continue readingOne of the lightest volume days of the year ahead of the July 4th holiday tomorrow. The ECB rate release is at 7:45 am EDT today, with Draghi speaking at 8:30 am. The payrolls report …
Continue readingPriceline’s (PCLN) announcement of a $2.6 billion acquisition of OpenTable (OPEN) for a 46% premium last week set the wheels in motion for what could be a land grab for internet “services.” A land grab …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was June 2nd – June 6th:
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