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...
by Gary S. Morrow | Sep 14, 2018 | Chart of the Day, Options
Significant option volume in specialty semi-conductor/networking company, Marvell Technologies (MRVL). As shown in the below chart, it closed a key gap dating all the way back to the fall of 2017 around the 18.5 level. The gap higher was due to the company’s...
by Bob von Halle | Sep 14, 2018 | Market Update, Options
Active trading today (and a continuation of recent activity all week long) in Caesars Entertainment (CZR) upside call options. Today’s activity is focused on buying of the Oct 19th expiration 11 calls between $.35-40 with the stock around $10.60. Over 10,000...
by Bob von Halle | Sep 12, 2018 | Market Update, Options
Can’t think of a more forlorn or hated sector than gold miners (as represented by the GDX etf) which has gotten crushed over the past few months. A bit of stirring seen today, and possible signs of life especially in Goldcorp (GG) where over 25,000 Oct 19th...
by Bob von Halle | Sep 11, 2018 | Market Update, Options
With a hat tip to www.Trade-Alert.com (my options trade flow monitoring service), I noticed a significantly large bearish trade being executed in the XRT etf for retail stocks. The sector has been a huge out performer for much of this year, and the trade that printed...
