Macy’s: Bottom Still Not In?

A very notable, and by far the largest, single name stock option trade of the day just now was the purchase of 45,000 Macy’s (M) Feb 23 puts for $.47 with the underlying stock at $25. Clearly someone is worried that the 15% wipe out in Macy’s stock last...

Oil Service Update

Quick update on the Oil Service sector…primarily the two heavyweights, Schlumberger (SLB) and Halliburton (HAL). Been a very tought sector for quite some time, but interest appears to be perking up with the recover in oil prices. Two of the bigger single name...

Holiday Missive From Options Land

As a full time options trader, one of the most important tools I use is the option flow monitor from Trade Alert (www.trade-alert.com). Anyone who is an active options trader should investigate their product offerings. And I have to give them full credit for the...
Maybe I Should Work the Nightshift?

Maybe I Should Work the Nightshift?

From the folks at BeSpoke Investments, one of the finest research shops I subscribe to: Interesting factoid…. Had you only owned the market from each day’s close to the open the following session, you would be up 3.3% through last Friday’s close.  On...