Monday, May 6, 2024

Don’t Forget About Mexico

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Everyone's focused on China, but don't forget about Mexico. That was a message on this week's Market Action webinar, and so far it's been playing out. In case you missed it, officials on both sides of...

Big Trade in a Little Gaming Stock: Options Recap

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A small gaming stock has pulled back hard following a big rally, but now the bulls are back. Remember Scientific Games (SGMS)? It's a provider of gambling-technology like slot machines and lottery systems. But it...

Small Caps Trying to Break Out

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Almost a month ago, Market Insights spotted a bullish triangle in small cap stocks. Today they're trying to break out. The chart below shows the tightening range on the iShares Russell 2000 ETF (IWM) over the...

Options Recap: Are Airlines Ready to Fly?

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Are airlines ready to take off? Some options traders seem to think so. The ARCA Airline Index ($XAL) rose 2.2 percent Monday, its biggest gain in over a month. The move on the heels of...

Greek of the Week: Gamma

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This is the second installment of a four-part series about options Greeks that will appear on Market Insights between now and Labor Day week. Last week, we looked at delta. Delta measures how much an...

Stocks Keep Climbing as Confidence Builds

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Stocks keep inching higher as confidence builds. The S&P 500 rose 0.6 percent between Friday, August 10, and Friday, August 17. It was the seventh positive week in the last eight, and the second-highest weekly...

Here’s How Much Money Someone Made in Apple on Friday

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There's a reason why people trade options in Apple (AAPL). Check out this massive call spread that took shape in the tech giant during Friday's session. Roughly 81,400 August 215 calls were purchased in thousands...

Not All Tech is Rolling Over

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Earlier today, Market Insights highlighted the general weakness in technology. But there's one huge exception to that statement: Apple (AAPL). Tim Cook's smart-phone behemoth made a new high this morning, and has set new records...

Tech and FANG Languish as Sentiment Shifts

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FANG seems to be losing its mojo along with the rest of tech as sentiment shifts in the market. FANG, if you don't know, stands for Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL)....

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...
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