COMMENTARY

Recent Commentary

Betting on Ford’s (F) Future?

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...

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Manufacturing Is On Fire

Manufacturing Is On Fire

Last week the primary manufacturing gauge, issued by the Institute for Supply Management(ISM), reached its highest level in fourteen years.  Is this a clear signal that the current economic cycle has plenty of fuel remaining or is this a sign of exhaustion?  Over the...

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Hail Caesar??(CZR)

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 contracts...

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Gold Miners Back from the Dead??

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 expiration...

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Coming In Hot

Coming In Hot

Average hourly earnings climbed 2.9% in August from a year earlier, the fastest wage growth over the course of this economic expansion. Rollbacks matter... Bonds are weak across the board on the employment/wage news.  The major treasury ETF's, including TLT, IEF and...

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Strike Eagle

Strike Eagle

From Strategypage.com:  An F-15E Strike Eagle assigned to the 492nd Fighter Squadron flies over RAF Lakenheath, England, Aug. 17, 2018. The squadron sent F-15E Strike Eagles to support Typhoon Warrior, the Royal Air Force’s premier air combat training exercise. (U.S....

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