Here was some apparently untied directional options activity that caught my eye in today’s trading: MET: Shares of the life insurer saw a sharp intra-day reversal after initial opening down at a one month low …
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MorningWord 10/5/16: Zero Dark Hurty
Yesterday’s price action across most major risk asset classes was a clear indication that investors are re-positioning for rate tightening cycle. Let’s quickly refresh The S&P 500 (SPX) was down 0.5%, the yield on the …
Continue readingBig Printin’ – BABA call spreads, GLD calls, HYG risk reversal, TSLA roll
Here was some (apparently) untied directional options trades that caught my eye in today’s trading: BABA: the Chinese eCommerce giant Alibaba apparently has a date with its prior all time high near $120 (from late …
Continue readingMorningWord 8/15/16: Going for Gold
Overnight, Bloomberg News highlighted waning momentum for Gold (Gold Losing Appeal for Investors Retreating From Rally Bet), citing data suggesting: Hedge funds and other speculators cut their wagers on a bullion rally for the fourth …
Continue readingBig Printin’ $GLD, $GE, $CVX, $T, $VZ
On Monday in this space we highlighted some upside call buying in the gold etf GLD (here). The buying was concentrated in September quarterly expiration and was playing for a move back towards $140. Today …
Continue readingBig Printin’ – $GLD Mine
I’m starting to sound like a bit of a broken record, but if someone is looking at the S&P 500 (SPX) up 2% on year and about the same amount away from its May 2015 …
Continue readingBig Printin’ $FEYE, $GLD
Here are what appear to be a couple directional options trades that caught my eye in today’s trade: GLD: One of the largest trades in the options market today appeared to be a bullish roll in …
Continue readingMorningWord 6/16/16: As Good as $GLD
I’m not sure I ever recall uttering a positive word about Gold as an fundamental investment in the pages of RiskReversal. I’ve spoken about it from a techincal peespective. And since the shiny metal got …
Continue readingLil’ Printin’ – that’s $GLD Jerry
After a fairly sharp decline in the last month, highly correlated to the bounce in the U.S. Dollar, Gold finally bounced Friday off of an important technical level of 1200. It has followed through with …
Continue readingBig Printin’ – GLD, XLI & XOP
Here are a few long premium directional options trades that caught my eye in today’s trading: GLD – since the Gold’s ramp off of 52 week lows in mid December to new 52 week highs …
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