Sign inRecent Commentaries tagged (uncategorized)
Bank of America Bears Buy Puts
Today’s tickers: BAC, PBR, F, FXI, NXY, KFT, DELL & HPQ BAC – Bank of America Corp. – Bearish option traders purchased put options on Bank of America today with shares of the firm trading 3% lower to $14.52. The number of put options purchased at the March $14 strike price surpassed existing...
STSP Commentary 2/8/10
Hello Traders, After Friday’s NFP report, the markets are taking the start of the week to consolidate. The questions are: 1) Is it time for the USD Bull run to take a breather and allow for a bit of a retracement? 2) Or, establish more of a channeling range before a longer term resumption of the...
Monday Market Movement
We love patterns! Pattern recognition is the basis for human thought so it’s always fun to look at charts like this one from InTheMoneyStocks and think we may see something we recognize. It’s interesting that looking at some of our other PSW Chart School posts from the weekend that look at...
Weekend Reading - Greecing the Wheels
I’m done with Greece. I was getting sick of it last week and now I’m really done after doing some research: First of all, Greece’s deficit (as we discussed last week) is a shocking 12% of their GDP and their national debt is 120% of their GDP (ours is about 100% now so something about glass...
Weekly Wrap-Up, it’s Only a 55-Point Drop You Wimps!
That’s right, I said WIMPS! I have never heard so much whining and crying and complaining about a market drop as I have the past few weeks. Last week, I pointed out that we had only fallen 105 points from the prior week (10,172 to 10,067) and this week we fell ALL THE WAY to 10,012 to finish...
How to Make Profits in Your Spare Time
Option Sage submits: I saw an infomercial from Fisher Investments where Ken Fisher mentioned 3 attributes that he believes are keys to successful investing which can be crudely summarized as follows: [1] Focus on long-term investing [2] Expect surprises [3] Stay ahead of the crowd by knowing...
Fannie Mae Put Action Explodes in Afternoon Trading
Today’s tickers: FNM, EWZ, IYR, GILD, FXI, WLP, EEM, ARG, DWA & WMB FNM – Fannie Mae – Mortgage-financer, familiarly known as Fannie Mae, jumped onto our ‘most active by options volume’ market scanner after one investor went hog-wild with put options. Fannie’s shares slipped 3% during the...
Flashback Friday - EU and the Ghost of Lehman’s Past
It was September 15th, 2008 when Lehman announced they would file Chapter 11. Lehman had already lost half their value in one day on September 9th as the government failed to step in and assist them. Whether they were solvent or not became a non-issue as investors lost confidence and put a run...
Iron Condor Nesting in Brazil Index ETF
Today’s tickers: EWZ, CVX, WFC, GFI, SU, MA, ZION, DAL, AMAG & JWN EWZ – iShares MSCI Brazil Index ETF – An iron condor options strategy employed in the February contract on the EWZ implies one investor expects the underlying share price of the fund to stagnate ahead of expiration in two weeks....
STSP Commentary 2/4/10
Hello Traders, The Euro has taken a beating today as more and more news hits the wires that several of the European Union member nations are having more severe fiscal issue. Before, it was just Greece in the news. Now, it’s Portugal, Spain, Ireland, Italy and some of the emerging member nations...
Thursday - Greece is the Word
Greece is the word these days. We are getting a sell-off every morning as Europe goes through the daily ritual of waking up and seeing the cost of default protection rise and rise. This morning Greece is with STUPID (Spain, Turkey, UK, Portugal, Italy & Dubai) as five-year sovereign credit...
Active Versus Passive Trading Strategies: The MONEYSHOW’s Tim Bourquin Interview with John Bougearel
Active Versus Passive Trading Strategies The MONEYSHOW’s Tim Bourquin Interview with John Bougearel Tim Bourquin: Hello everybody and welcome back. Thank you very much for joining me for another show this week as we speak with another trader. We’re going to speak with John Bougearel and he’s...
Options Trader Plants Bearish Augury on Oracle
Today’s tickers: ORCL, SKX, EEM, TM, ZION, DHI, BBBY, RL, MCD & MYGN ORCL – Oracle Corp. – A massive bearish transaction on software manufacturer, Oracle Corp., paints a gloomy picture for Oracle investors through expiration in June. Shares are trading 0.15% lower on the day to $23.73 with just...
The Oxen Report: Unemployment Numbers to Boost Market and Continue Rally?
Hello Oxen Report Readers, Yesterday, I recommended an Overnight Trade of the Day in Pioneer Natural Resources Co. (PXD). The company, an independent oil producer, announced a surprise on their EPS estimates. The company earned 0.18 EPS vs. the expected 0.05. The company’s stock did not take off...
Wednesday Rejection Weakness
So close but yet so far! We set our bounce levels way back on Jan 25th and just yesterday I posted up the WEAK BOUNCE levels we need to see before taking our bullish betting to the next level but we have only skimmed along our lines, finishing yesterday at Dow 10,296 (down by 2), S&P 1,103 (down...
