Oil UOA Explodes, Is it Just the Beginning?
In Monday’s video, I laid out the bullish case building for oil stocks. That thesis was based on the data that was about to come out on production and supplies, but also based on significant option activity. As the price of oil advances toward the pivotal $75 price level, the bullish option activity continues to […]
COTY Finds Significant Bullish Option Activity as KKR Bails
In case you missed the news, Coty Inc (NYSE: COTY) had KKR & Co Inc (NYSE: KKR) cash out of 50 million shares of the company’s stock. The result was an opening price gap lower of around 8%. Seeing a large investor isn’t exactly the most bullish news for a company. However, some investors saw […]
Is the Buffett Bounce Over for Kroger?
A couple weeks ago, a 13F filing by Berkshire revealed that the company had added to its holdings of Kroger Co (NYSE: KR). While Buffett isn’t the influencer for Millennial stock traders like the twerking, pink-haired talking heads on TikTok or YouTube, his trades still influence more “seasoned” investors. That influence has been seen through […]
A Golden Opportunity or Just Fake Gold?
It was easy to get snookered as a kid when someone showed you iron pyrite. You know, the stuff that looks like gold but isn’t. It’s golden color and shiny but not exactly the same as the real thing. Today’s option activity suggested some potential upside in the metal and metal stocks in particular, but […]
After SPRT, Who’s Next on the UOA ‘Short Interest’ List?
If there is theme that has played out repeatedly in 2021 that is the short squeeze. Some of the names that have seen huge price surges have been Gamestop Corp (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC). The most recent player in this high-risk game of chicken is Support.com, Inc (NASDAQ: SPRT) In this […]
USO Option Activity Indicates a Tide Change for Oil
USO Unusual Option Activity Since last October, the option interest in the oil space has been decidedly bullish and energy ETFs like the United States Oil Fund LP (NYSEARCA: USO) have done well. However, the tide appears to have changed on Monday as put option activity in the fund surged. This places oil in an […]
Options 101: Micro E-Mini S&P 500 Futures Options
Last week, TheoTrade co-founder, Don Kaufman, unveiled his Ultima Income Generator class that incorporates micro S&P 500 Index futures options for small accounts. The class generated huge interest from our current members and many people joined the TheoTrade ranks to participate in the two-day discussion of how to sell premium and hedge. One of the […]
Are Gold and Silver About to Take Off?
Gold & Silver Unusual Option Activity Report It’s been a tough 2021 for gold and silver hasn’t exactly participated with the broader commodity rally either. Following silver’s one-day Reddit squeeze, it’s failed to generate any bullish follow through. However, as the current rally looks to eclipse the one-year anniversary in March, the market may need […]
MO Breaks Out as Option Activity Surges
MO Unusual Option Activity Report At the beginning of 2021, I posted on some unusual option activity in Altria Group Inc (NYSE: MO). The activity was part of a bigger move in tobacco companies since early November. In fact, we’ve had several different tobacco companies on my Top-Down Friday list since that time. While I’ve […]
Bearish Wakeup Call for Mortgage REITs Like AGNC?
AGNC Unusual Option Activity Report It’s been remarkable how well corporate bonds and mortgage REITs like AGNC Investment Corp (NASDAQ: AGNC) have held up amidst the route in Treasury bonds. As the 10-year U.S. Treasury yield approaches 1.5%, the perception of risk potential may be finally changing. This change is bearish for riskier assets like […]