Saturday, November 23, 2024
When inflation is a going concern for the economy, we tend to see a lot of action in commodities and natural resource stocks. One heavily traded commodity stock last week was Freeport-McMoran (FCX), which is one the largest copper producers in the world. Options trading in FCX was unusually heavy on a day last week, […]
Last week, shares of Meta Platforms (FB) plunged after the company reported worse than expected earnings. In fact, the stock dropped over 26% in one day, the biggest single-day decline in its history. The company missed on revenues, revenue forecasts, and number of users. Despite the huge down day, about 61% of the 2 million […]
On a very busy week for earnings, Alphabet (GOOGL) shares got a huge boost after beating on both the top and bottom line. With the stock up 8% on the day after earnings, most of the options action was in calls. 71% of the options volume was on the call side, which tends to be […]
While the market has been selling off recently, market volatility can provide a benefit for certain types of trades. The additional premium in options during volatile periods can make covered calls more attractive. For example, Cameco (CCJ) is a uranium producer that has sold off with the market. A strategist used this opportunity to sell […]
There was quite a bit of options action across multiple asset classes last week between the Fed meeting and several key earnings releases. One asset that saw plenty of options activity was gold, particularly SPDR Gold Shares (GLD). GLD tracks physical gold prices and is generally a heavily traded ETF. On a busy day last […]
The ride sharing industry has taken a beating over the last couple years due primarily to the pandemic. But is there a rebound is sight? The pandemic may finally be slowing to a crawl. Lyft (LYFT), one of the two ride sharing giants, has seen its stock price trend down since last summer. However, a […]
The market may have been selling off last week, but it didn’t stop gold miners from catching a bid. In fact, VanEck Gold Miners ETF (GDX) was up over 7% one day last week when one of its major component companies posted better than expected earnings. GDX traded over 300,000 options that day, with 76% […]
Tech stocks have the started the new year with elevated volatility and quite a bit of selling pressure. The most popular tech index, Invesco QQQ Trust (QQQ), is down 5% for the year and has seen a handful of large percentage moves already. One strategist is looking to take advantage of the volatility by using […]
With earnings season coming up, we’re seeing some unusual action in big bank options. The expected rate increases from the Fed in 2022 mean that banks could see greater profitability from their interest rate spreads. This is leading to expectations of strong guidance from banks during earnings season. One strategist is using a covered call […]
Although normally an active options stock, there was significantly more volume than usual in Intel (INTC). The semiconductor giant saw almost 500,000 options trade on a big day last week, with 72% of the action on the call side. One interesting trade from the day was a very bullish three-legged spread where a put was […]
