Friday, April 19, 2024

Even in a Good Market, Some Stocks Are Falling off a Cliff

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Even when the market's near record highs, some names are breaking lower. This post will highlight a few of those areas where sentiment remains especially weak. The first area that's jumped out of my RadarScreen®...

Pharma Bulls Chase Blue-chip Breakout: Options Recap

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A blue-chip drug giant beat estimates this week, and the bulls are chasing in the options market. As we mentioned on Monday's Market Action, maker Pfizer (PFE) was expected to announce positive earnings of about $0.74...

Sentiment May Be Shifting in Oil Before Iran Sanctions

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For months, the story in crude oil has been bullish. But some recent developments may show sentiment is turning. First, look at inventories. The government says they rose by 3.8 million barrels last week, while...

How Time Was Money on Tech Earnings: Winning Trade in Apple

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Earlier this week, we outlined a potential options trade on Apple (AAPL) before earnings. That strategy hit maximum profit this morning after strong results sent the tech giant to a new all-time high. Let's take a...

Riding a megabank on the cheap: Options recap

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One big investor is riding a megabank on the cheap, thanks to the leveraging power of options. Bank of America (BAC) has been on the move since late 2016. A large call roll yesterday seemed...

Big Tech De-fangs the SPY: July at TradeStation

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FANG ruled the roost in this month as volatility swept the Nasdaq. The two busiest stocks for TradeStation clients in July were members of the high-tech quartet: Facebook (FB) and Netflix (NFLX). Both crashed from...

Bears Target Consumer Heavyweight: Options Recap

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Bears were moving in for the kill as a giant consumer staples firm prepared earnings. Procter & Gamble (PG), after all, has had anything but a strong track record. The parent of brands like Gillette,...

Know Your Options: Diagonal Spread Targets Apple Volatility Crush

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One of the most predictable things in the market is time decay after a big event like earnings. Have you ever used a diagonal spread to capitalize on the change? Today we'll see how...

Tech Falls as Earnings and Economic Data Disappoint

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Technology stocks took a hit last week, but the broader market still managed a fourth straight gain. The S&P 500 rose 0.6 percent between Friday, July 20, and Friday, July 27. That contrasted with the...

Caution Reigns in Chip Space: Options Recap

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Options traders are bracing against a drop in chip makers as earnings season marches on. Here's a breakdown a large bearish spread in the Market Vectors Semiconductor ETF (SMH) yesterday: Roughly 22,000 September 100 puts...
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