Silver Stocks Find Second Day of Bullish Option Activity
Silver Unusual Option Activity Report This morning I posted on the significant option activity surrounding gold and silver. In that post, I gave a little history lesson that gold doesn’t always perform well during times when the Fed is expanding policy. The example I gave was from 2012 to 2014. Today, it’s a different environment […]
Call Option Speculation Gone Vertical
Massive Stimulus Rally The stock market exploded on Tuesday in anticipation of a stimulus being passed later this week. It’s likely fully priced in now. And it’s likely a stimulus will happen. This has been an amazing year for stocks as the S&P 500 and the Russell 2000 are up 14.4% and 17.5% year to […]
Fiscal Stimulus Might Be Here
COVID-19 Hurting Mobility Redbook same store sales growth in the week of December 12th rose from 2.1% to 2.5%. That’s still relatively weak. We’ve seen varying reports from this holiday season, but it hasn’t stopped retail stocks from moving higher as the XRT retail index is up 11% in the past month. Investors are looking past […]
Stimulus Talks Dusting Off Opportunity in Gold and Silver
Gold & Silver Unusual Option Activity Report Since the original CARES Act expired at the end of July, gold and silver have been backpedaling. However, as stimulus talks appear to be moving quickly toward a deal, the prospects for gold and silver are more lustrous. The early sign of this was the bullish option activity […]
Cannabis Option Traders Find Their ‘Stash’…Again
Cannabis Unusual Option Activity Report After getting the post-election boost from the pro-cannabis bills passing, the momentum began to lag. As the price is currently flagging, the options market appears to be finding renewed optimism in the near-term prospects of the industry. You could say that these traders have, once again, found their “stash.” The […]
Record Euphoria Despite 4 Day Losing Streak
4 Day Losing Streak? Shockingly, the S&P 500 is on a 4 day losing streak. It fell 44 basis points on Monday. We say ‘shockingly’ because the other indexes have done well and the S&P 500’s declines have been so small (it’s barely noticeable). There is still about the same amount of euphoria in markets […]
Finally, We Will Know If A Stimulus Will Pass
Latest Stimulus Talks The government has been funding its agencies through continuing resolutions since September. The latest 1 week resolution lasts until December 18th. This yearly spending bill is important because the stimulus could be added to it as well. Republicans are currently looking through the 400 page $1.4 trillion bill. Since the deadline is […]
Tesla Inc (NASDAQ: TSLA): A Tradition of Exuberance
Tesla is motoring nearly 5% higher on the session at the time of this writing. That’s extraordinary, or is it? Tesla has a tradition of making fundamental investors moan and the momentum investors cheer. The first example of this was 2013. At the time, the company had a much smaller float and over 40% of […]
Disney Stock Hits The Stratosphere
Modest Decline On Friday The stock market ended the week on a 3 day losing streak as the S&P 500 fell 13 basis points. A COVID-19 relief bill hasn’t passed, the virus is spreading quickly, and the vaccines are on their way. In my opinion, the fact that there is still uncertainty is bullish for […]
Full Vaccination By June, But No Stimulus In Sight
No Deal In Sight It’s funny that Congresspeople said they are willing to stay in Washington until after Christmas to get a deal done, but they adjourned on Thursday (until next week). They could easily have worked on Friday if they really cared about getting something done by December 26th which is when pandemic unemployment insurance […]