There is support for $SPX at or just below 1950. In addition, there is support at 1925 (the lows from a couple of weeks ago), and then there is major support at 1900. The one deteriorating area among our main indicators is the equity-only put-call ratios. Both have started to rise over the past three […]
Call buyers have been scoping out WAG, while troubled HLF has attracted put traders Options players are choosing sides on a pair of prominent wellness names: pharmaceutical retailing giant Walgreen Company (NYSE: WAG, $69.62, off $0.25) and nutritional supplements provider Herbalife Ltd. (NYSE: HLF, $61.91, up $0.03). Per data from the major options exchanges, traders […]
$SPX remains in a strong uptrend. However, it has reached overbought levels, in that it is “too far” above its 200-day moving average. The first support level is 1670, and if that is violated, traders should turn cautious. The equity-only put-call ratios remain on buy signals, despite “wiggles” at the end of some charts.
Option Trends: Applied Materials, Inc. (AMAT), Juniper Networks, and Texas Instruments Incorporated (TXN)
Speculative players have been taking sides on Applied Materials, Inc. (NASDAQ:AMAT), Juniper Networks, Inc. (NYSE:JNPR), and Texas Instruments Incorporated (NASDAQ:TXN), according to data from the major options exchanges. More specifically, the former two stocks have attracted the attention of option bulls, while the latter has drawn bearish speculation. Here’s a closer look at recent option […]