Recent Options

Retail Stocks Continue to Slump: Follow Up

Follow up to my 9-28 post on negative price action in Macy's. The XRT, retail etf, has broken down below recent support at the $51 zone, and is now trading as of this writing at $49.80 off $.95 or 1.85% on the day on pretty heavy volume. Large option trade was seen in...

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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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