Sentiment Options Recap – 12/06/2013

Stock market averages are set to snap a five-day losing streak. Trading had been cautious heading into today’s jobs report and, while the headline numbers were a bit stronger-than-expected, ADP’s report Wednesday and jobless claims yesterday set the bar higher for today’s data. Therefore, bonds are steady and stocks are broadly higher. VIX has plummeted [...]

December 6, 2013 | 0 Comments More Options Recap – 12/05/2013

The S&P 500 is down for fifth day and, although GDP and Weekly Jobless Claims were better-than-expected, the underlying tone of trading remains cautious ahead of the payroll report. The yield on the benchmark ten-year Treasury is ticking beyond 2.85 percent and some market watchers are worried that tomorrow’s data could fuel another spike in [...]

December 5, 2013 | 0 Comments More Options Recap – 12/04/2013

Overall options volumes are running about the normal levels. 6.5 million calls and 5.3 million puts traded across the exchanges so far. Stock market averages have been underwater throughout the session and VIX continues its recent climb – up .45 to 15. The market’s “fear gauge” is up from 12.22 and is creeping higher along [...]

December 4, 2013 | 0 Comments More Options Recap – 12/02/2013

Stock market averages are lower on higher bond yields Monday. Data on Construction Spending and manufacturing (ISM) proved stronger-than-expected, sending Treasurys lower and the yield on the ten-year back to 2.8 percent. Beyond that, it’s a slow news day. Trading can best be characterized as mixed, but the Dow is down 40 and the NASDAQ [...]

December 2, 2013 | 0 Comments More Options Recap – 11/27/2013

Low volume in pre-holiday trading. SPYders are up 30c to $180.98 and about 700K options traded on the ETF, which is two-thirds the expected. Share volume is 28 million and projected to be less than 52 million for the day. That, in turn, would be less than the volume seen during the half day of [...]

November 27, 2013 | 0 Comments More Options Recap – 11/26/2013

Stock market averages are hovering near session highs in light volume, slow trading Tuesday. Economic data was mixed, with Consumer Confidence unexpectedly falling in October, but Building Permits increasing more than expected (Housing Starts delayed till Dec 18 due to the government shutdown last month). Treasury bonds are holding higher on the poor consumer confidence [...]

November 26, 2013 | 0 Comments More Options Recap – 11/25/2013

The S&P 500 is falling into the red on another low volume, light news day late-Monday. No earnings of broad market significance were released and the only economic stat of the day showed October Pending Homes Sales down .6%, when a 1.3% uptick was expected. Overall shares and options volumes are very light. 5.7 million [...]

November 25, 2013 | 0 Comments More Options Recap – 11/22/2013

Stock market averages are holding near session highs Friday afternoon. Outside of a mixed round of earnings reports, it’s been a relatively light news day. Intel (INTC) dropped 5 percent on disappointing 2014 guidance. A number of retailers – GPS, ANN, PETM – are down on earnings. The cable TV operators are a bright spot, [...]

November 22, 2013 | 0 Comments More Options Recap – 11/21/2013

Stock market averages moved higher in the first thirty minutes of trading and have been grinding modestly higher since that time. While jobless claims fell more than expected, PPI was down .2 percent and not hinting at even a whiff of inflation and the wholesale levels. Speaking at a Bloomberg summit yesterday, St Louis Fed [...]

November 21, 2013 | 0 Comments More Options Recap – 11/19/2013

The slow drift continues. With no economic data to guide trading and a mixed round of earnings reports, there hasn’t been much news to guide things one way or the other. Home Depot (HD) is holding higher and helping the Dow in the wake of its profit report, but Best Buy (BBY), Salesforce (CRM), and [...]

November 19, 2013 | 0 Comments More