Today’s tickers: EQIX, XLF, XING & AVP EQIX – Equinix, Inc. – A large bullish butterfly has taken up residence in June 2011 contract calls this afternoon. It looks like the investor responsible for the spread’s...
Read MoreThe markets continued higher today on thin trading as the S&P 500 is looking to have its best December in two decades. There was no tremendous news that moved the markets. Rather, thin trading tends to harken momentum...
Read MoreSo, how are we doing? I liked David Fry’s tweet (is that the right word – I feel so old when I don’t know this stuff!) yesterday which said: “SPY volume again pathetic at 55M shares. What’s there to write about today?...
Read MoreToday’s tickers: GM, CECO, PFE & EDMC GM – General Motors Co. – An onslaught of analyst upgrades for General Motors sent the automaker’s shares higher and kicked bullish trading in its options into high gear today....
Read MoreLooks like we picked the wrong week to short FCX! Copper hit a new all-time high in Shanghai this morning (as the guy who owns 90% of London’s closed for the holiday exchange supplies sold it to himself for more money than he...
Read MoreToday’s tickers: AIG, CAT, DTV, WPI, PBR, DNR, V & M AIG – American International Group, Inc. – The insurer’s shares rallied as much as 12.2% today to touch an intraday- and new 2-year high of $60.96 on news the firm...
Read MoreIt’s going to be another light trading week. Europe is off 1.25% this morning (8am) as the Shanghai fell 2% and the Hang Seng dropped 0.3% on news that China was raising rates 0.25% for the second time in 2 months – weeks ahead...
Read MoreMerry Christmas! I hope you got everything you wanted this holiday season and, most importantly, I hope you had time to spend with your family. I’m waiting for mine to wake up – waiting for my children to come out of their...
Read MoreChristmas! The very word brings joy to our hearts. No matter how we may dread the rush, the long Christmas lists for gifts and cards to be bought and given–when Christmas Day comes there is still the same warm feeling we had as...
Read MoreToday’s tickers: HES, NOK, AES & NBG HES – Hess Corp. – The energy company appeared on our scanners this morning after one options strategist initiated a bullish risk reversal in the February 2011 contract. Shares in...
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