Tag Archives: SPY

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SPX & The Golden Cross

For those that watch the market with a “technician’s eye” something unusual happened yesterday. It marked the first time since January 31, 2012 when the 50 day moving average on the SPX Index crossed over its 200 day moving average. Technical types call this “The Golden Cross”, which is almost unequivocally considered a bullish formation […]






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SPX Version of SPY Hedge from Barron’s

Over the weekend, there was a discussion of hedging portfolios with options in my favorite column, The Striking Price, which appears every weekend in Barron’s. Steve Sears relayed a reader request to Stephen Solaka who manages money for Belmont Capital out in sunny but dry California. The question was basically, “How do I go about […]






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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 3.26.15

Overseas markets leading stocks lower again today (European shares retreat ~1.4%), as Saudi Arabia sends troops into Yemen.  Oil prices jumped, Bond yields higher.  Several big spreads in VIX Options yesterday.  Volatility as an asset class: lululemon (LULU) is down $0.66 to $61 (big range in the pre-market) after reported Q4 EPS of $0.78, $0.05 […]






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Blogging Options: CBOE Morning Update 6.23.14

Merger Monday.  Oracle bidding $68 cash for Micros. Harbinger bids for all or part of Central Garden & Pet.  Alstom’s Board OK with GE’s latest bid.   The week after Triple Witch traditionally slow (train empty coming in this morning) but lots of economic data on tap.  VIX Futures volume fairly light in pre-market session […]






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Blogging Options: CBOE Morning Update 3.31.14

Overseas markets higher. 10-yr 2.74%.  PMI data and Chairman Yellen remarks expected to be watched closely in first hour of trading.  End of Quarter “Window Dressing”?  Good basketball over the weekend, men’s and women’s.  Baseball Opening Day for most of us. Volatility as an asset class Lululemon (LULU) is up $1.51 to $53.40 in the […]






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Weekend Review – 3/2/2014

Options Action was back after being preempted by the Olympics for a couple of weeks.  The President was making comments related to the situation in Ukraine so that was touched on a bit.  It was noted that VIX has been skeptical of this equity market rally which was a reference to VIX at 14.00 despite […]






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Blogging Options: CBOE Morning Update 2.24.14

Asian stocks lower, European shares mixed.  Want a major sign that winter is over in Chicago?  Today marks the first day of NO “Dibs”.  Dibs is the time honored tradition of shoveling out a spot on the street for your car and putting a tacky lawn chair in the empty spot when you head out […]






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Once Again, Extremely Strong Percent R Readings For The Broad Market Prove Very Bullish

Percent R (Williams %R) Trend Strength System Continues To Perform Well  We previously examined this in 2012 and here (as well as before then)  — when the market gives an extremely strong Daily reading on Williams Percent R (using the BigTrends inputs and method for %R), it actually is usually a bullish signal for further upside to continue.  This is […]






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Next Week in Weeklys – 12/29/2013

Nothing was new on the Weeklys list that came out this past Thursday and no companies report earnings so why bother putting up a blog this weekend?  Well, I thought it may be worth pointing out that we have two different expiration dates going on next week.  CBOE lists quarter end options on a handful […]