Thursday, May 2, 2024

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...

S&P 500 Erases February Selloff

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Stocks may have just broken a key level from early in the year, shortly before they suffered a gut-wrenching drop. Here's what it felt like at the time: The S&P 500 hit a record high...

Traders, Key an Eye on Small Caps

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It's a busy week for earnings and economic news. But, don't forget about one the year's strongest areas in the market. We're talking about small-cap stocks, tracked by the iShares Russell 2000 ETF (IWM). Its...
Does U.S. Have the Upper Hand in Trade War? A Consensus is Emerging

Can China Spend Its Way out of Trade War?

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In case you didn't notice, China gave emerging markets and commodities a shot in the arm yesterday by announcing a series of stimulus measures. What's going on? Why's the world's second-largest economy turning to Keynesianism...

Bitcoin Continues to Claw Back from 2018’s Lows

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Steadily and somewhat quietly, the world's biggest cryptocurrency, is clawing upward. Cboe's Bitcoin futures (@XBT) traded as high as 8390 this morning, a level last seen on May 22. They're up more than 30 percent...
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