As I mentioned yesterday, the ADP numbers were not good. Now it’s one thing to see something happen and quite another to do something about it. One of the reasons we like to be in cash is we get to wait for the market to do...
Read MoreToday’s tickers: XLE, USU, XLP, MYGN, NYX & ELN XLE – Investors were observed making bullish plays on the energy ETF today amid a modest share price rally of less than 1% to $48.17. The August 49 strike price had more than...
Read MoreWell we sure ended Q2 with a bang. Just because we’re in cash doesn’t mean we don’t have some fun and our final index play of the quarter was a nice 70% gainer on the DIA $86 puts. Other than a TNK spread and some quick GS puts...
Read MoreToday’s tickers: ELN, NOK, WYE, ELX, GERN, VALE, NVDA & EXC ELN – The neuroscience-based biotechnology company headquartered in Dublin, Ireland, jumped onto our ‘most active by options volume’ market scanner after a massive...
Read MoreWhat happened to our great rally? We started the quarter off well enough, with the Dow at 7,522 and S&P at 787on April 1st, we flew right up to 8,000 on the Dow and 840 on the S&Pthe next day but then it took us the...
Read MoreToday’s tickers: XLE, MFE, FITB, SLM, XHB, F, INTC & XLF XLE – Shares of the energy fund are higher by about 1% to $48.35. We observed one energetic option investor who appears to have purchased to close an 8,000-lot...
Read MoreWhata nice, quiet weekend. There was very little news of note and, despite a nervous sell-off in early Asian trading, the markets are back to their usual pre-market positions of UP. The Dow is up 100 points since 2:30 am, the...
Read MoreThere’s hardly any point doing a wrap-up as hardly anything has been happening. If you are buried in the daily gyrations of the market, lots of stuff happens during the day but, as soon as you step back and look at the action...
Read MoreSlow and steady wins the race! In last week’s $107,546 Portfolio Update, we hit all of our targets almost on the nose and were able to follow through with our rolling plans. Expiring contracts allowed to finally cash in some of...
Read MoreToday’s tickers: JPM, UPL, AMGN, STI, MRK, TLT, SNY, NKE, TIBX, VALE & ROST JPM – Option traders carousing in the August contract on JPM today appear cautiously optimistic on the stock amid a 0.5% rise in the underlying to...
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