In a market that had a decidedly risk-off feel today, there was some large apparently directional options trading that might have fit that theme: GDX: the etf that tracks gold miners saw heavy call volume, 2x average daily volume …
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Biotech stocks have been a disaster so far in 2016, with Nasdaq Biotech etf IBB down 20% ytd, and down 34% from its all time highs (in August 2015), and S&P Biotech etf XBI down …
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It’s been my view for some time that on top of the large list of risks to an already fragile U.S. economy (if we entered a prolonged recession, it would result in a sustained period of …
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The S&P 500 (SPX) clawed back a good bit of its early 1% losses by days end. One noticeable theme in today’s trading was options traders rolling existing positions: GS: bank stocks under-performed the broad market most of the day, with …
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As unpredictable the first half of 2016 were in financial markets, the back half is proving to be stranger. The 12% peak to trough decline in January & February caught most off-sides, and then again with the post …
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In this weekend’s Barron’s Striking Price column, long time columnist Steve Sears, (who I am a big fan of) had Steve Sosnick of Timber Hill fill in to discuss hedging ones portfolio into the Nov 8th …
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I concluded today’s MorningWord (Wake Me Up When September Ends) with a comment that events in the next few weeks might spark some market volatility (one way or the other) and how the options market …
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It’s been a newsy week in financial markets. Monday saw continuation of takeover speculation for Twitter (TWTR) and the stock has been able actually build on last Friday’s 21% gains, despite no news, and famed venture …
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Last night on CNBC’s Fast Money, Marko Kolanovic, JPMorgan’s global head of derivative strategy made the case for an uptick in volatility, and the strong potential for a pullback in U.S. stocks nearing 5% between now …
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Being wrong about the direction of a stock, or a market is part of this business. What I have found in my nearly two decades trading in financial markets is that embracing the fact that …
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