by Gary S. Morrow | Oct 16, 2018 | Commentary, Market Update
The last time every stock in the Dow Industrials, Transports, and Utilities indices finished higher on the day, like they did today, was the Monday before the 2016 election. Hat tip Bespoke Research
by Gary S. Morrow | Oct 16, 2018 | Chart of the Day, Commentary
Not a taxing problem… Feds Collect Record Individual Income Taxes in FY 2018; Still Run $779B Deficit The lede: The federal government collected a record $1,683,537,000,000 in individual income taxes in fiscal 2018 (October 2017 through September...
by Bob von Halle | Sep 25, 2018 | Commentary, Options
A quick post on option flow in GE to add to my colleagues chart post yesterday (9-24). Despite an updated bearish commentary by long time critic, JP Morgan, lowering their price target to $10, call option buyers have been dominating the flow of late. Last week (with...
by Bob von Halle | Sep 20, 2018 | Commentary, Options
Spurt of activity in the long dormant off shore oil service companies….highlighted by a very large end of the day call option purchase in TransOcean (RIG): 30,000 Oct 14 calls were swept up a half hour before the close at $.14 with the stock around $12.35....
by Bob von Halle | Sep 18, 2018 | Commentary, Options
The Canadian energy company, Encana (ECA) has seen significant call buying both last week and this week, primarily concentrated in the October expiration $12 and $13 strike calls. Open interest has grown to over 22,000 contracts (around $.75 level) and over 15,000...
by Bob von Halle | Sep 18, 2018 | Commentary, Options
Large, longer dated upside bet on Ford Motor Company (F) mid day yesterday. With the stock around the 9.5 level, an investor bought 50,000 January 2020 expiration $10 strike calls for $.85. Implied volatility was in the 28% zone at time of purchase.Even for a liquid...
