KRE Gets ‘Most Unusual Option Trade’ Award
KRE Unusual Option Activity Report During my daily classes on TheoTrade, I’ve been discussing the bullish option activity in regional banks for several weeks. Before the recent rally got started, there were several unusual option trades which were pointing to a bullish move. If you missed it, check out this post today discussing some of […]
GE Option Activity Indicating Bullish Earnings Move
GE Unusual Option Activity Over the last few weeks, the share price of General Electric (NYSE: GE) has been ripping higher. The movement comes as the company is set to announce their earnings on October 28 before the market open. Although the price has rallied over 30% during this period, it is still down over […]
Regional Banks Hot As Yields Rise
Another Rally In Regional Banks The stock market rallied modestly on Thursday with the small caps doing the best because of the financials. S&P 500 rose 52 basis points, the Nasdaq was up 19 basis points, and the Russell 2000 rose 1.65%. Despite tech lagging. Snap exploded again. The stock rose 7% to a new […]
Labor Market Gets Back To Improving
Fantastic Jobless Claims Based on the recent jobless claims reports, we were all expecting another weak reading. Instead we got a strong downward revision and a decline this past week. California came back to the fold after a 3 week hiatus. First week they accepted claims, there was probably a huge backlog to deal with. […]
Sonos Inc (NASDAQ: SONO) Turns Up the Option Volume
SONO Unusual Option Activity Report The share price of Sonos Inc surged nearly 7% higher at the time of this writing. The move is a significant breakout on substantial volume. It was the analyst upgrade at Bank of America that sparked the enthusiasm. The analyst, John Babcock, upgraded his recommendation to a buy form a […]
Is TJX Companies Inc (NYSE: TJX) a Buy Before Earnings?
TJX Unusual Option Activity Report It’s hard to imagine that TJX Companies, which had to close all of its stores and furlough it’s employees, is near a 52-week high, but it is. After all, this is a single channel brick and mortar company owns stores like T.J. Maxx, Marshall’s and Home Goods. TJX is an […]
Tesla Still Can’t Make A Profit From Its Actual Business
Another Modest Decline The stock market fell modestly on Wednesday with the small caps falling the hardest despite the outperformance of the banks. That’s because small cap growth stocks were weak again. It appears that the market is dealing with a bunch of factors at once. We have the uncertainty over the election. It’s worried […]
Beige Book Index Snaps Back But Restaurants Still In Trouble
Job Postings Improve As you know, the initial jobless claims reading was poor last week. It didn’t include California data, but the rest of the country was weak. We should get the California data in the next 1-2 weeks. Initial claims report this week is expected to show an additional 865,000 claims which is just […]
Energy Bulls Making Their Way Back Home
Energy Unusual Option Activity Report It was two weeks ago that I posted an article on the bullish option activity on energy stocks. The prices of these companies haven’t exactly taken off like geyser, but the price activity hasn’t exactly been bearish. This is one of the limitations when a lot of the activity it […]
Corporate Bonds (LQD) Gets a Vote from Options Market
LQD Unusual Option Activity Report Investment grade bonds have been selling along side U.S. Treasuries as inflation fears are ramping up on stimulus talk. As the price of the iShares iBoxx Investment Grade Corporate Bond ETF (NYSEARCA: LQD) is testing recent support near $134.50, a large bullish option trade was made early Wednesday. Bonds & […]