Trader Talk — First Hour
Trader Talk:
CITI MAKES THE BIG MACRO FOREX CALL — EURO TO 1.15 IN 6 MONTHS — AS A RESULT OIL STRATEGIST CHIMES IN WITH $70 WTI ESTIMATE – Mr. Top Stop
Stanton_Analytics: CRUDE Aug may have completed a minor leg to the downside from the overnight high. If this is correct, there will be a minor rally to correct the move down. However, we remain negative on the pattern and see the potential to remove 77.50.
No Ruling on Obamacare.
New Homes Sales at Fastest Pace in 2 years. Jumbo Borrowers Still Under Water.
Largest Equity Options Blocks — Trade Alert
Top Equity Trades
1.00m SIRI 1.85 -0.04 -2.1% NASDAQ 10:33:32
1.00m SIRI 1.87 -0.02 -1.1% NASDAQ 10:19:36
850k SIRI 1.88 -0.01 -0.5% NASDAQ 09:55:06
800k SLE 19.00 -0.18 -0.9% NASDAQ 10:30:26
556k MSI 47.00 -0.96 -2.0% MIDWEST 10:31:20 – Tied to Options
500k S 3.23 -0.06 -1.8% NASDAQ 09:54:54
500k S 3.23 -0.06 -1.8% NASDAQ 09:50:34
450k AA 9.45 -0.21 -2.2% MIDWEST 10:21:43 – Tied to Options
380k CI 44.64 -0.33 -0.7% MIDWEST 09:56:35 – Tied to Options
349k HEK 3.05 -0.15 -4.7% NASDAQ 10:19:39
Unusual Flow
Bearish activity detected in Linn Energy (LINE), with 2059 puts trading, or 2x the recent avg daily put volume in the name. Shares near $35.3299 (-0.7601) with ATMIV lifting by 3.18 point and 90% of todays put premium trading offer side. Auto Content (Trade-Alert) 10:11
Bullish flow detected in Cardinal Health (CAH), with 2201 calls trading, or 4x the recent avg daily call volume in the name. Shares near $40.97 (-0.71) with ATMIV lifting by 2.10 point and 76% of todays call premium trading offer side. Auto Content (Trade-Alert) 10:21
Bearish activity detected in Jacobs Engineering Group (JEC), with 3505 puts trading, or 11x the recent avg daily put volume in the name. Shares near $35 (-0.4) with ATMIV lifting by 4.83 point and 97% of todays put premium trading offer side. Auto Content (Trade-Alert) 9:51
Over the first hour, 165,644 contracts have traded in SPX today, 1.44x the recent hourly average, with 49,178 calls and 116,466 puts trading as the index trades near $1314.78 (-20.24). Front term atm implied vols are near 18.7% and the CBOE VIX is currently near 20.39 (2.28). SPX is off 21.51 points to 1,313.51.
Category: All Stocks, Market Update
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
