COMMENTARY

Recent Commentary

RIG Calls Hit a Gusher

Quick update from earlier post on 9-20 where I mentioned at 30,000 RIG Oct 14 calls were bought for $.14 when the stock was at $12.35. With oil prices surging, RIG is up 2 points ( $14.25 as I type this) in 8 days, and the calls are now trading for $.69 cents, an...

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Macys (M): Caution Ahead?

Huge block trades in Macy's November options yesterday, that seems to indicate the recent weakness in the stock is justified and may get worse moving forward. The stock in this retailer was a huge gainer early in 2018 moving from the mid 20's all way up to $40 per...

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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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