Category Archives: Trader Talk

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“Thanks to a Fine Canadian Doctor…”

(Editors Note: The following are thoughts from a floor trader friend on Memorial Day, who wishes to remain anonymous.  We have edited in this year’s dates and times. We ran this blog the last few years going into Memorial Day and received several nice comments.  We hope you enjoy it). “Memorial Day” was called “Decoration […]

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CBOE Mid-Day Update 5.21.15

Volatility as an asset class Best Buy (BBY) is recently up $1.78 to $35.46 after reporting Q1 adjusted EPS 37c, compared to consensus 29c. May weekly call option implied volatility is at 42, June is at 28, September is at 31; compared to its 90-day average of 32. NetApp (NTAP) is recently down $4.19 to […]

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Blogging Options: CBOE Morning Update 5.21.15

Lumber Liquidators with surprising CEO resignation has shares off 10% in early trade.  BLUE up 10% with possible new drug showing great results.  Existing Home Sales released after the opening.   Traders talking about hints that FED will raise rates sooner than later on “slack” in the economy not there any more.  Long weekend coming […]

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CBOE Mid-Day Update 5.20.15

Volatility as an asset class Southwest (LUV) is recently down $3.12 to $37.78 on concerns of worsening competitive backdrop and lean competitors vowing to compete aggressively. May weekly call option implied volatility is at 48, June is at 34, July is at 33 compared to its 90-day average of 33. Delta (DAL) is recently down […]

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CBOE Mid-Day Update 5.19.15

Volatility as an asset class Dick’s Sporting (DKS) is recently down $2.24 to $54.06 on inline Q1 results and strong Q2 guidance. June call option implied volatility is at 23, September is at 24; compared to its 90-day average of 26. TJX (TJX) is recently up $2.65 to $69.91 after the retailer reported inline into […]

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May VIX Settlement Reminder 5.19.15

Settlement Reminder: Today, Tuesday, May 19th is the last trading day for May in the following: VIX, RVX, VXN, GVZ, OVX, VXEEM, VXEWZ, and VXTYN futures* and options. These contracts settle tomorrow, Wednesday morning, May 20th. PLEASE NOTE:  VIX options with an expiration date of May 20th, 2015 will cease trading at 3:15 p.m. CDT […]

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Blogging Options: CBOE Morning Update 5.19.15

ECB talking of accelerating next round of QE has shorts in Europe scrambling.  April Housing Starts higher than estimates, rebounding after February and March disappointed.  SPY up fractionally.  Last day to trade May VIX, settles tomorrow morning.  Volatility as an asset class Home Depots (HD) is up $1.92 to $116.25 in the premarket on Q1 […]

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So Much To Worry About – Really?

Are there no shortage if things market players need to worry about?  It’s amazing how long that ‘wall of worry‘ has been up.  Yet, the market doesn’t seem to be showing it, in fact we are seeing high complacency exist, which may not be a good thing over the long haul.  But I have to […]

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CBOE Mid-Day Update 5.18.15

Volatility as an asset class S&P 500 ticks new life high The S&P 500 (SPY) index has ticked a marginal new life high at 2127.45. May weekly and June call option implied volatility is at 11; compared to its 90-day average of 13. Technology Sector SPDR (XLK) May weekly and June call option implied volatility […]

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Blogging Options: CBOE Morning Update 5.18.15

Option expiration with good volume Friday. European markets weary of Greece drama, but it looks like something might be finalized in next 10 days.  US stock futures off fractionally.  Housing data today, tomorrow and Thursday will be watched.  10-year 2.18%.  Stories around about European banks being analyzed by credit agencies.   Long weekend coming up, details […]