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Options Alert: More Downside in SoFi?

Options Alert: More Downside in SoFi?

SoFi Technologies has been sliding despite positive news, and one big options trader could be looking for more downside.

Chart of the Day: Is Goldman Going Higher?

Chart of the Day: Is Goldman Going Higher?

Goldman Sachs has gone seven weeks without a new high, but some traders may see further upside in the Wall Street giant. The first pattern on today’s chart is the series of lower highs between late September and late October. GS has spent more than two weeks above...

Chart of the Day: Coinbase May Be Coiling

Chart of the Day: Coinbase May Be Coiling

Coinbase Global has done little as the broader market climbs, but some traders may expect the cryptocurrency exchange to start moving.

Options Alert: Call Volume Surges in Wells Fargo

Options Alert: Call Volume Surges in Wells Fargo

Wells Fargo is flirting with new highs, and options traders are getting active. Heavy volume was detected yesterday in the bank's September 97.50 calls. The initial blocks priced for $1.44, followed by larger blocks at $1.65. Volume of 27,990 contracts was more than...

Options Alert: Call Volume Spikes in Consumer Lender

Options Alert: Call Volume Spikes in Consumer Lender

Synchrony Financial jumped on strong earnings last month, and options traders seem to think the move will continue. Call volume in the consumer-lending company spiked to a four-year high yesterday, according to TradeStation data. Two contracts were especially active...

Large Options Trade Appears in Coinbase as Bitcoin Rallies

Large Options Trade Appears in Coinbase as Bitcoin Rallies

Bitcoin is flirting with record highs and the options are getting active in Coinbase before its quarterly results. Check out this large transaction yesterday in the cryptocurrency exchange: Some 35,215 December 190 calls traded for an average price of $44.87. Matching...

Stocks Break Out as Technology and Cyclicals Come Back to Life

Stocks Break Out as Technology and Cyclicals Come Back to Life

Stocks broke out to new highs last week, led by technology and cyclicals like financials and cruise ships. The S&P 500 rose 1.1 percent between Friday, October 4, and Friday, October 11. It was the fifth straight positive...