Two bearish trades on two wildly different companies. That more or less sums up last Friday’s Options Action, where the market’s recent rally took a back seat to some decidedly downbeat views on our show. Read More
Citigroup’s earnings appear to have given a lift to the financials, but the real test will come later this week when Goldman Sachs and Morgan Stanley report results. Read More
What could it be that’s causing such heavy put volume in TJX today? With minutes left in the trading day, over 2,800 of the July 37.5-strike puts have traded hands, making it the second most active of all the TJX options. Read More
We all know the stunning statistics about: Lions Gate’s "The Hungry Games"; third biggest open, best March opening, a global weekend haul of $214 million worldwide. Read More
Investors remain fixed on round numbers these days: Dow 13,000… Nasdaq 3,000… VIX below 20. But there’s another number that had our desk sounding the alarm on the market’s rally: $109. Read More
You might be wondering why Bank of America puts are so active today, especially in the May expiry. Do options traders doubt the rally in the banks? Do they view BofA’s prospects as less than rosy? Plausible explanations for sure, but perhaps a simpler reason exists: Friday’s Options Action. Read More