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Bearish Leverage at Work In Energy Space: Options Recap

Bearish Leverage at Work In Energy Space: Options Recap

Give me leverage, or give me death. That was the message from a big options trade yesterday. Transocean (RIG) has plenty of leverage on its own. Over $9 billion of debt and $2.3 billion of cash plants it firmly in the junkyard of bond ratings. ("B3" at Moody's.) As an...

Guess Who Out-traded Apple and Facebook Yesterday: Options Recap

Guess Who Out-traded Apple and Facebook Yesterday: Options Recap

Normally big tech companies dominate activity in the options market. But not yesterday. The busiest underliers, after all, are usually companies like Apple (AAPL), Facebook (FB), Micron Technology (MU) and Nvidia (NVDA). But on Wednesday all of those were outdone by a...