Set Ups for Expiration 4/19/14

Things to consider: At some point next week we should see either capitulation and then a new uptrend or a strong bounce and then a resumption lower. The best approach next week is to sit on your hands until we see a range break (either a break of Friday’s SPX lows or back over Friday’s...

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A Bounce to Sell Into or Capitulation Next Week?

Flat. That is how I am positioned over the weekend. I see no edge in either direction at this juncture. The short term trend is down, but we are oversold based on some measures. This is a market for those that embrace volatility and not for those looking for longer term trends; therefore, quick one […]

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I Guess the Answer Was Pounced #SassyMusings 4/10/14

The title is in reference to my post two days ago titled, Is That a Bounce or Are You About to Get Pounced. Yellen doesn’t get follow through love like Ben. Why an old lady would sign up for a job like that is beyond me. I’d rather retire somewhere and chill. So happy that […]

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Some Healthcare Wall Street Darlings

I am going to share some very well researched and good information for you. These are fundamentally sound healthcare companies that have a lot of upside potential and are darlings of Wall Street. If bio’s and health care make a comeback you will benefit from these. Pharmaceuticals  Health Care Providers  Health Care Equipment & Supplies […]

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Let Me Clarify What I Meant by Rate Hike #SassyMusings 4/9/14

Fun day huh? I must thank Yellen for that pop we got to sell into. Essentially the Fed clarified backtracked out of that detailed description of rate hikes. As I mentioned yesterday, I think the brunt of the selling is over (for the time being). I don’t think all stocks blast to new highs like they […]

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Is That a Bounce or Are You About to Get Pounced? #SassyMusings 4/8/14

  I don’t know, can we call today a bounce? It’s not a 2013 bounce, but hey a bounce is a bounce. Finacials still meh led by the big dog himself GS. Tech hung in there pretty well, but was somewhat bifurcated. Of course it was led down by the other dog herself AAPL. I […]

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Case of the Monday’s #SassyMusings

I know lame title cause it’s just too obvious. Deal with it. Follow through with some more downside is not bullish by the way (now I sound like Keith, yikes! I won’t do that again). So when will we get a good bounce? You know, reward the dip buyers, shake out the shorts, give CNBC […]

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Open Interest For Expiration 4/11/14

AAPL: It closed right above the 50-day. Could be a good bounce play, but don’t try buying too late cause unless there is news (even if there is news), that 540 is going to be a tough one to crack (unless it’s right at the start of the week).  AMZN: Very close to filling the...

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Set-ups for week 4/7/14 – 4/11/14

Hey my lovely peeps! Ok a few messages before I begin with the set-ups. Thank you guys for believing in me enough to join. I have taken a lot of heat since I’m “another one” starting a service. I know that I need to just ignore it and I know that over time people will...

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Set-ups for week 4/7 to 4/11

I hope you guys had a good week. I want to emphasize something here for Level 1 traders. If you subscribed to this level, I assume that you are already a seasoned trader and have a process just looking for ideas or open interest. The reason I say that is because I make the set-up...

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What The F%^$ is Going on Here?!?!

What a week! It couldn’t have been permeated with more mixed signals and divergences. SPX made all time highs, while the rest of the market was taken to the woodshed. For a several weeks now I have been pointing out all the divergences and presenting a bearish tone to my posts. Anyone who followed me […]

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Where’s All The Money Yo? #SassyMusings 4/3/14

If you are watching the momentum stocks you may be wondering where all the money is going? Well, I see some select energy, semi’s, financials, and oh yes, old time tech. Which brings me to my…. Tweet of the day:  I’m going to venture to say that won’t last all year. We either start rotating […]

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All SPX Roads Lead to The Same Place #SassyMusings 4/2/14

And where do those roads lead? All time highs of course. Divergences, Shmivergences. We are back at all time highs! Woohoo Ok I’m exaggerating. Although we are at highs, it just doesn’t feel the same as it did last year does it? Well that is probably because there are a lot of laggards that aren’t […]

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The Market and It’s 15 Minutes of Fame – #SassyMusings 4/1/14

First day of the second quarter and money flowed in as expected. Of course it all flowed into a gap up, the very start of the day and the last 15 minutes of the day. SPX at new highs. A bit of recovery in the biotech’s and the momentum stocks. So far trend seems to […]

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Monday Morning Fake-out – SassyMusings 3/31/14

Please check out my latest piece on TheStreet today. Bulls Make Money, Bears Make Money, How Can Anybody Make Money Right now? Today: ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ Once again we had the overnight lift, brought some hope back in, and crushed it. Except for the IWM, which was trading in its own world today. Anyone chasing those momo […]

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Open Interest For Expiration 4/04/14

This is the first time I am making this private. Feels odd :-). Please make sure you read my free regular market commentary for the weekend here. AAPL: It’s definitely acting better and trying to clear the downtrend line; however you know the rules with AAPL. If it doesn’t get over the high open interest...

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Set-ups for the week beginning 3/31/14

Please make sure to read the Important rules and notes! Longs: WDC: It keeps trying to breakout. Strategy: Go long above 91.10 with May (monthly) 92.5 calls. stop set at 87.95. Scale out half around at 93 and move your stop to break-even. keep scaling out and moving your stop up if trade continues to work....

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Important Rules and Notes

1. The watch list is just that. It is good set-ups that may or may not trigger. That means not all of them will be or should be taken. If you are not in my level 2 service and don’t know if I am taking the trade you must survey the market around you when...

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The Bears Have Come Out of Hibernation + SPY Open Interest

Bulls make money, bears make money, but in this market, only tactical traders make money. For the last few weeks the SPX and DJIA have held up within a range giving the impression that the market has been relatively flat, but underneath the surface things have not looked so neat. The areas of the market that […]

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Welcome Premium Members

Thank you for signing up for SassyOptions LLC Premium. Your transaction has been completed, and a receipt for your purchase has been emailed to you. You may log into your account at www.paypal.com/us to view details of this transaction. Details you need to know. Every weekend by Sunday at 10:00 pm (usually the post will be done way before...

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Open Interest updates – 3/26/14

Since tracking these I have never had to shift so many of the graphs to fit the new ranges due to how much they have fallen since this weekend when I posted the original one. SPY:  AAPL:  AMZN: BIDU:  CMG: FB: GOOG:  LNKD:NFLX:    PCLN: TSLA:  TWTR: I now have my premium service page updated with some […]

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Market Wants to Eat You Alive – SassyMusings 3/25/14

If the market feels like it is biting your head off and eating it alive, you aren’t alone. The BEST thing to do is wait it out or at least trade very small. The momentum and bio stocks being beaten down is bearish, yet the indexes are doing a good job hiding that. So will […]

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Open Interest and Notes for Momentum Stocks – 3/28/14 Expiration

Last week really highlighted how much open interest can affect prices and was especially pronounced due to it being quarterly expiration. If you haven’t had a chance to look, check out last weeks open interest and Friday’s closing prices. There has definitely been some weakening across the board in momentum stocks. If you haven’t had […]

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Confused Enough? Weekly Outlook + SPY Open Interest

This market has been anything but easy to navigate since the start of the year. The first quarter is nearly over and we are currently up, but only by about one percent. Last week was full of noise with Crimea, Yellen, OPEX, etc.  It’s very hard to make meaning of all that happened as most […]

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Shake’em Out and Take Us Higher – SassyMusings 3/20/14

A lot of chop recently, shake’n’bake yesterday, and fly away today. Semiconductors (SMH) and Financials (XLF) going higher tends to be bullish for the overall market. Stay with the trend for now. Speaking of financials, they were a very nice gift today because as I posted yesterday I got long FAS and KRE call options […]

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Updated Open Interest for March OPEX

Wow, what a day! Anyway, here is some updated open interest. These do not include any options that were bought or sold today. For more information on open interest please see the education section of this site. SPY:  AAPL:  AMZN: BIDU: CMG: FB:  GOOG:  LNKD: NFLX: PCLN: TSLA:  TWTR: I now have my premium service page […]

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Will the Market Sail or Fail? SassyMusings 3/17/14

The key to surviving as a short term trader is adaptation. I came into this week with a more bearish bias as you can see here. After today’s gap up that managed to hold firm the entire day, I am more neutral and ready for whatever comes next. SPX managed to trade over the 1850 […]

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Open Interest for Momentum Stocks – March OPEX

As I stated in my market commentary for this weekend, I am starting to see more short set-ups than longs. This includes some of the following momentum stocks. You will notice that many of these open interest graphs have one strike that is very prominent. Sometimes that strike can act as a magnet (read more […]

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Triple Threat March OPEX + What SPY Open Interest May be Suggesting

Last week was rough. It was difficult to make money on either side. As I mentioned last weekend the best strategy for now is practicing patience. With such a volatile and choppy environment, set-ups are more likely to fail and trying to anticipate the next move is a guessing game. Next week we have a lot […]

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FUGLY! – 3/13/14 SassyMusings

Ugly day. If you have been following my blog all week, then you know I should have stuck to my original thesis, which is that we would get to 183 or 185. Alas, the market never makes things easy and I closed my puts yesterday morning. Today I tried some SPY calls a little below […]

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Open Interest Updates on Momentum Stocks 3/13/14

The following are the open interest as of the this morning not including any trades taken today. For more information on how to use it if you are new to my site, here are a few links with information: What is Maxpain? Delta hedging. One strike. SPY:  AAPL:  AMZN:  BIDU:  CMG:  FB:  GOOG:  LNKD: NFLX: […]

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Being a Bull is so Much More Fun #SassyMusings 3/12/14

Last night, here, I wrote this, “Either way I’m holding my swing longs (that haven’t stopped me out) and puts in SPY, WYNN, & NFLX. And for those of you that know me, you know that is rare.” This morning at 10:10 EST I wrote this:  Right after that, I bought a couple things on sale, did some […]

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Mayday! Mayday! We are Falling #SassyMusings 3/11/14

First and foremost, I had my first contribution to TheStreet today. I have no idea if I will continue to write for them, but I thought I would give it at try. Will you do me a favor and click on it so that it gets some traffic please? My-Street-article-click-me. Thanks 🙂 As I mentioned […]

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Open Interest Updates for SPY AAPL AMZN BIDU FB GOOG NFLX TSLA & TWTR

Not much has changed in my overall view of the market from what I wrote over the weekend here. Here are some open interest updates: SPY: 188 needs to hold up. I worry that if price goes below there for too long it will lead to a larger sell off with all those puts and […]

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Open Interest for Momentum Stocks – March 14th Expiration

Last week I stated that I really wasn’t seeing much that attracted me among these momentum stocks. I had a couple intra-week trades and am holding some AMZN and BIDU (both April expirations and both bought prior to last week). This week as I mentioned in my other post this weekend I am going to […]

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Here Comes the Hard Part + Open Interest for SPY, IWM & QQQ

Here we are again sitting at all time highs, overbought, with a very low put to call ratio and the sense of complacency upon us. Does it sound familiar? Well, if it doesn’t, then this must be your first year in the markets. So why is this the hard part if we have been here […]

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It’s Time to Buy Twitter. Say What?!?!

When TWTR was trading around the price of $40 back in December of 2013, I took to twitter and said that it was a good buying opportunity and that it would be chased higher very shortly. About a week later it began moving higher and in just a couple weeks was trading over $70. I […]

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Open Interest Updates on SPY, AAPL, AMZN & FB. 3/6

SPY: Want to see 185 hold rest of the week.    AAPL:  AMZN: Would have thought some of the 365’s would have closed.  FB: Also would have expected some 70’s to have closed. 

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Boring Can Be Bullish – March 5th #SassyMusings

I started the week not having much conviction on many of the momentum stocks. That obviously changed Tuesday. I have been tracking FB calls across March and June and so far almost all the high open interest calls (many bought in blocks) are still there. After yesterday’s bullish day, I did get back in. AMZN […]

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A Note on Pinning & Open Interest + OI updates – March 5th

Pinning can be a great tool to see where your stock may end up at the end of the week. Even though I give you the open interest at the start of each week and often mid-week, it’s still best used at the end of the week. However, there are many caveats to the workings […]

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Turn Around Tuesday or Doomsday? Big Bets on Tech Going Higher #SassyMusings March 3rd

As I mentioned over the weekend here, we were short term overbought based on stocks over their 20-day MA. . You add that to geopolitical events and the uncertainty they create and you get a tough environment for stocks to move further up in. Although today didn’t necessarily “feel good,” for the bulls, it’s hard to […]

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Ukraine, All Time Highs, Biotech Bubble – What it All Means + OI for SPX, IWM, QQQ, & XLF

Note that the following market conditions I write about can easily be trumped by news (i.e. Ukraine/Russia). The market has been tricky and has felt stuck at old highs acting as resistance. However, even with the violent drop late Friday due to the Ukraine/Russia news, we still managed to close the day, the week, the […]

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Open Interest for Momentum Stocks – OPEX March 7th

The following are the open interest graphs for March 7th expiration on $AAPL $AMZN $BIDU $CMG $FB $GOOG $LNKD $NFLX $PCLN $SCTY $TSLA and $TWTR. For further understanding of how to make use of these please read What is Maxpain and visit the education section of my site. For SPY, IWM, QQQ, & XLF open interest and market comments for next week […]

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Open Interest Updates for $AAPL $AMZN $BIDU $FB $GOOG $LNKD $NFLX $SCTY $TSLA $TWTR

The open interest is as of this morning (February 27th) and does not include any trades made today. For further understanding of how to make use of these please read What is Maxpain and visit the education section of my site. For the open interest update on SPY and to see some short interest updates see last nights post […]

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The Market Givith and the Market Taketh Away + Short Interest Updates – Feb. 26th

Sour ending to the day. Hello BIDU!!!! Woot. Dougie got really excited about the TSLA convertible note (I presume that was his reason for shorting the entire time whether he admits it or not). Unfortunately for him, it started going higher instead (face-plant). And! This from TSLA: sees 2020 Gigafactory Tesla vehicle volume about 500,000/year. TSLA […]

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TSLA TSLA TSLA TSLA – Feb 25th #SassyMusings

TSLA TSLA TSLA TSLA!!!!! Oh snap!  My guess from last night was correct by 0.4% – SPY. FSLR taking away my halo….obviously it’s not a stock backed by #MagicalMusk. Very disappointing. I don’t know what the deal is with BIDU. Either no one is interested for a reason or everyone is too busy with TSLA TSLA […]

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Open Interest Updates for $SPY $AAPL $AMZN $FB $LNKD $NFLX $SCTY $TSLA

Here is some updated open interest that includes today’s trades. SPY: About 34,000 184 puts were added. If 184 holds then it would help validate the strength of this market. If it fails to hold, we may see a move to underneath 183 if the selling picks up speed.  AAPL: AMZN:  FB:  LNKD:  NFLX:  SCTY:  […]

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We Going Down & I Sold FB – Feb 24th #SassyMusings

Call me crazy, but I’m near term cautious right now. If I had to guess I would say tomorrow will be a down day. If we get SPY 183 I will look for a possible entry to get long. And if instead we keep going higher tomorrow than it’s good I was just guessing.  #neverwrong 😉 […]

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Open Interest & Implied Volatility for BIDU, FSLR, SCTY & SINA

The following are the open interest for BIDU, FSLR, SCTY, and SINA, all of which report earnings this week. The implied volatility and projected price movements are taken from the latest information available as of Friday February 21st. Monday SCTY: Weekly IV: 120%; weekly options pricing in + or – $10. The current implied volatility is one […]

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Open Interest for Momentum Stocks – Feb 28th OPEX

The following are the open interest graphs for February 28th expiration on $AAPL $AMZN $FB $GOOG $LNKD $NFLX $PCLN $TSLA and $TWTR. For further understanding of how to make use of these please read What is Maxpain and visit the education section of my site. To see SPY open interest and market commentary for next week see here. To see […]

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The Steady as She Goes Market – SPY Open Interest

The market is exhibiting very 2013 like behavior. We had a quick correction followed by a V shape reversal and are now consolidating gains through time. Thus far this action is healthy and bullish. If we claim all time highs it will be important to see it backed by several breadth indicators. One indicator I […]

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Doug getting run over – Feb 19th SassyMusings

  TSLA squeezing the Dougie’s of the world. Had some intra-day drama in the markets today. Perhaps just working off some overbought froth. It was a bit concerning that we had a few large negative ticks. Let’s see…. So far most of my positions look good this week except for V. Loser stock right now, […]

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Soro’s Buying SPY Puts? – Feb 18th SassyMusings

I exited REGN, P, and DECK today. I got long BIDU today per my thoughts that I wrote about this weekend here. For better or worse, I am holding GRMN into earnings tomorrow. I will update those SPY 184 Calls and 90 QQQ calls by tomorrow morning via twitter. See here to know the context. […]

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Open Interest PCLN & TSLA – Earnings Week

The following are the open interest for PCLN and TSLA, both of which report earnings this week. The implied volatility and projected price movements are taken from the latest information available as of Friday the 14th. To view next weeks open interest for SPY and QQQ as well as market commentary for next week click here. […]

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Open Interest February Expiration for Momentum Stocks

The following are the open interest graphs for February 22nd expiration on $AAPL $AMZN $BIDU $FB $GOOG $LNKD $NFLX $TWTR. Keep in mind that because this is monthly expiration, many of the puts or calls could have been bought a long time ago. For further understanding of how to make use of these please read […]

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Where Is the Market Headed Next Week + SPY & QQQ Open Interest Clues

I was certainly not expecting another V-shaped recovery similar to those we experienced in 2013, but hey, I’m not complaining. The question going forward is will we make new highs on SPX or was this a huge bull trap that will develop into a lower high and retest the lows of 1737 or lower. So far […]

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Party Like it’s 1929 – Feb 13th

I took that title from @JBoorman so want to give credit where it’s due. He also got the tweet of the day today (different one – see below). This has been an AMAZING few days for the bulls. I would name off a ton of stocks that have exploded to the upside (many that I […]

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Yellen = Hero #2 + Get Short Interest Updates Feb 11th

What can I really say here? So far Yellen is hero #2 to the bulls. Whether this is a bull trap or not remains to be seen. Small caps and consumer discretionary are lagging, we may be overbought, but for now if it looks like a bull, smells like a bull, then…. I’m not going […]

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Janet to Show Who is Boss – Feb 10th Update

Some market consolidation is a good thing after last weeks rally, but still not liking the underperformance of the small caps and financials. We’ll see. Fed Chairwoman Yellen will speak tomorrow to the House Financial Services Committee. It’s possible her words will be market moving, but the assumption is she isn’t going to say anything stunning…. […]

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V-Day Open Interest for AAPL, AMZN, BIDU, FB, GOOG, LNKD, NFLX, PCLN, TSLA, TWTR

As always these are meant to be used as an asset to your other technical indicators…. To see SPY open interest and other market commentary click here. AAPL: Is the accelerated buy back over now that it has been revealed? No idea, but if it’s not then be weary these high open interest calls week […]

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Some Market Direction for Next Week and SPY Open Interest

The rally we had toward the end of last week was surely impressive. Was the 5.8% correction we had enough to take us back to all time highs? It definitely was a good start, but I don’t think we are out of the woods just yet. The best scenario going forward would be for us […]

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Stock Set-ups For Next Week and Other Fun Stuff. Feb. 7th

We had a little fake out this morning after the horrid jobs report. Today felt a little like 2013 didn’t it? Nice to have a little flashback Friday. I guess Ichan is going to be a hero again, AAPL. I am sick to my stomach for not buying options on PCLN this morning even though […]

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Ready for Jobs #’s? + Open Interest AAPL, AMZN, FB, NFLX, TSLA

LNKD beat estimates, but guided lower and is currently being punished. Seems to be a theme so far this year. Not your 2013 market anymore. NFLX is up $4 due to an upgrade at the close. Tomorrow we find out if the SPY 181 call buyers were right (albeit maybe too early and will likely suffer […]

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Bird Down, Market Sloppy & LNKD Tomorrow – Feb 5th

Market made a new low and then had a decent bounce. Was it the bottom? Who knows. Tomorrow the ECB decides on rates and Friday is jobs #’s. Both can be catalysts. TWTR beat, but currently trading lower. We’ll see how long they stay in the penalty box for. P also beat and trading lower; […]

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How Bad is This Correction? + OI for P, TWTR, YELP – Feb 4th

Apparently retailers are on strike this year….either that or they are all going to KORS. What a great pop…. It was backed by those #WiseGuys. See here to see where I mentioned it last week. AOL is back up so my thanks to anyone buying. Chart of the day: – it’s actually a table taken from this post that […]

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Relentless Selling & Relentless Snowing – February 3rd

Man, there was just no break from the selling today (and if you live in NYC) there was no break from the snowing. Both are annoying. Best thing to do today was the opposite of what I thought…should have shorted everything. Well I’m done looking for a bottom. Maybe it was today, maybe it wasn’t. […]

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Tweet Featured in MarketWatch

This post is  more for me as a keepsake :-). http://blogs.marketwatch.com/thetell/2014/01/31/strategists-eyeball-these-sp-500-levels/

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Open Interest – February 7th expiration

Here are your weekly open interest graphs for those addiction stocks you love.  As always, these are meant to be used in conjunction with your other technical analysis tools. If you have questions on how to interpret them please read the posts in the Education section of my website before asking me. Thank you. For […]

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Earnings IV and Open Interest for BIDU, LNKD, TWTR, and YELP

The following are the open interest graphs for expiration on Friday February 7th. The implied volatility and priced in movements are based on the weekly options and will likely change slightly prior to earnings. Wednesday: BIDU: (unconfirmed date) IV: 55.1%, pricing in + or – $9.30 (fairly elevated based on typical earnings IV) TWTR: IV: 145.9%, […]

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How Much Further Down + A Big SPY Option Buyer

One month down, 11 to go. The market is doing a decent job of getting rid of the “animal spirts” left behind from 2013. Despite the oversees issues and the development of tapering, I don’t yet see a reason to believe the bull run is over. So far what seems to be taking place is […]

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Stocks I Mentioned Last Week Of January

We have a very indecisive market right now and I’m staying light with my trades. Throughout the week I stated stocks that I took or am currently in. This is not an exhaustive list of everything I am holding, but I thought I would update the trades I highlighted in my previous posts in SassyMusings […]

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Open Interest Updates for Jan 31st Expiration

Updated open interest for tomorrow. If one you wanted is not on this list, my apologies. Sometimes life just works that way…. SPY:  AAPL:  AMZN:  BIDU:  CMG:  FB:  GOOG:  NFLX:  TSLA: TWTR: 

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Sassy Musings Jan 30. AMZN’s Been Shot

Looks like a drone shot down AMZN; however, how many times have we seen that dip bought off of the conference call or by next day dip hunters?  GOOG basically not doing anything for now. CMG, which ironically had the most bearish sentiment (via StockTwits), is flying high. Was the 4% correction enough? I don’t know, but […]

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Sassy Musings Jan 29, 2014 – Farewell Dear Ben

The Fed cut 10 billion as expected. Guess we have to rely on the economy now. Good news is good, bad is bad? Everyone sees and is waiting for the head and shoulders to play out right? Ok got it. Was just making sure. My ludicrous call from Monday night was a failure….we breached the […]

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Sassy Market Musings Jan 28th, 2014

ES Futures are throwing a sucker punch to the bears tonight after Turkey announces overnight rate hikes  to 12% up 4.25%. This could spur other countries to make similar moves which helps curb investor fears. Read here. Ichan saved AAPL from falling into the depths of hell today. Perhaps on his next date with Cook he […]

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Market Wrap-up Jan 27th

Ichan is currently playing darts with Tim Cook’s head. Doug finally got something right with his AAPL call (so far) and has been possessed by the gloating monster. Cat rose over 6% today and is trying to mind f$#k us by getting us to believe China isn’t THAT bad. Biotechs (IBB) fell to levels we […]

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Open Interest and Implied Volatility for AAPL, FB, AMZN, CMG, GOOG, MA

The following is the open interest for expiration Friday January 31st. The implied volatility and priced in movement is based on the weekly options. Monday AAPL: IV: 55.5%, Pricing in +/- $30.50 Wednesday FB: IV: 107.5%, Pricing in +/- $5.92 Thursday AMZN: IV: 70.33%, Pricing in +/- $27.46 CMG: IV: 81.3%, Pricing in +/- $40.34 GOOG: IV: 60.8%, Pricing […]

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The Bears Take a Stand + Open Interest for SPY, BIDU, LNKD, NFLX, PCLN, TSLA & TWTR

The combination of sentiment and momentum divergences finally mattered supporting the current pullback taking place. I don’t think there is anyone that would argue we weren’t in dire need of a reset regardless of how unpleasant it may be. Considering the current backdrop of liquidity, it seems pre-mature to start preparing for a major correction. For […]

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Risk Management and Your Emotions

Well last week wasn’t very fun. Despite my joking around on twitter Friday, I was not having a good day. I got stopped out of some positions and most of the ones I was able to hold onto lost value. Overall a crap day for my account; but hey it’s part of the game right? […]

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Decision Time for Big Blue – IBM Earnings Preview + Open Interest

IBM reports earnings on Tuesday, January 21st. The stocks has fallen after the last three reports. Implied volatility is lower than it was for the previous two quarters implying a + or – move of $7.81. For next week, the implied volatility is at 44.6% pricing in a + or – move of $8.30. This […]

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Open Interest for 1/24 – AAPL, BIDU, FB, GOOG, LNKD, PCLN, TSLA, TWTR

Below is the open interest for stocks that expire on Friday January 24th. As always, if you are going to use this information, it should be used in conjunction with your other technical analysis and I don’t advise you to trade solely based off these graphs or my notes. If you are looking for open […]

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NFLX Earnings Preview + Open Interest

NFLX reports earnings on Wednesday, January 22. Going back two years this is the lowest implied volatility has been right before earnings pricing in + or – $33. Breaking it down a little further to just next week, the IV is at 106.5% and the measured move is + or – $35.15. NFLX closed Friday […]

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HSP – Stock or Options Technical Set-Up

This is an ‘A’ set-up for me. On the daily chart it is just breaking out from a long consolidation period. On the weekly chart (below) you will see a volume pocket just above. Typically when a stock gets into a volume pocket it will quickly filly it. Earnings on Feb 12th. This is easy […]

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The Market Path to Nowhere – SPY, IWM, VIX OPEX 1/24

The market has been range bound since the start of 2014. So what does that tell you? Is the market consolidating through time and setting up for higher prices? Is the market churning as funds try to disguise their selling which will result in a breakdown? I don’t know. What comes to mind though is […]

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What Happens to Your Ego When the Market Says You Are Wrong

  Last weekend I wrote this about the overall market: My bias is leaning toward a breakdown before a breakout. Having said that, if we do get a correction, I think it will be very minor consisting of about 2-3% or roughly between 1785 and the low 1800′s. From Friday’s close to the low on […]

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Open Interest for Bank Earnings Jan 18th Expiration

The following are the open interest for expiration on January 18th for some of the major banks reporting earnings next week. The implied volatility and what the options market is currently pricing in are taken from Think or Swim. Tuesday:  JPM: IV: 29.5% Market pricing in +/- $1.71   WFC: IV: 25.6% Market pricing in +/- $1.74   […]

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Breakout or Breakdown? + OPEX For Jan 18th

So which is it? We going to breakout or breakdown? We have been trading in a very tight range and it’s really anyone’s guess as to whether we breakout or breakdown. SPX has been consolidating very close to the highs and breadth has been confirming strength in the overall market. Having said that, I’m going […]

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What is MaxPain or Options Pinning?

Investopedia defines maxpain as: the point at which options expire worthless. The term, max pain, stems from the Maximum Pain theory, which states that most traders who buy and hold options contracts until expiration will lose money. According to the theory, this is due to the tendency for the price of a underlying stock to […]

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The Energizer Market + Open Interest for Jan 10th OPEX

    Yes, it has felt like we have been due for a pull-back. And yes, it has felt like we have been extended for a long time. That is precisely why we don’t trade based on our feelings. So far the indexes haven’t pulled back much and in the meantime many stocks have been […]

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The Year of Chop and Unexpected Breakouts

Looking over my profits from last year, my largest came from swing trades that ranged from about three weeks to a month in a half. This year I am going to focus more on those type of trades because I think they will continue to do well this year. I personally believe that overall we […]

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OPEX Jan 3, 3014 Open Interest Updates

Note: I actually have no affiliation with the creator, but thought it was ironic that I found this and then noticed we share the same name 🙂  Let’s make 2014 a great and prosperous year!!! Happy New Year to all my followers. General Market Update There isn’t much to say. I stated over the weekend […]

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It’s Over! Move Along + First OPEX of 2014

I bet I got some bears excited with that title. What I mean is 2013 is over, not the bull market. Jan 3rd expiration is now in the forefront. From Thursday evening (12/26): Anyone who has been following me this year knows that I have been a huge bull, so those words coming from me […]

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Updated Open Interest for December 27th Opex

Hope everyone is having a nice holiday. Here is your updated open interest for expiration this Friday.   SPY: Staying over 181 I think gives SPY much more upside potential. If falls below 181 then good chances of a 180 – 181 pin.   AAPL: Oddly, the 560 calls didn’t close out on Tuesday. The […]

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Tread Lightly, Hold Your Yearly Gains and Get Ready for 2013’s Last OPEX

Tapering and Revised 4.1% GDP Estimate. Stick That up Your…. What a wild week! Hopefully you were prepared with a plan. My plan was outlined for your viewing last week: “My take is that if we get more downside next week it will be early on leading up to the the Fed meeting, but that the […]

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How One Strike Can Act as a Magnet During Option Expiration – TWTR

On Thursday evening of last week (December 19th), I posted this regarding SPY’s open interest along with the graph below: This conversation followed: SPY closed Friday at 181.56. I thought this would be a good time to try to explain when a large strike could become a magnet for a stock or ETF.  I’m going […]

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Have You Been Naughty or Nice? + Open Interest for December Opex

Have you been naughty or nice? After a year of constant jokes and criticism do you think Ben – oops,  I mean Santa is going to shower us with money through the likes of AMZN, GOOG, FB, TWTR, NFLX, TSLA and all stocks that begin with any letter from A to Z?  Or is he […]

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Chop Chop Chop and Open Interest for December 13th Opex

CHOP CHOP CHOP The Week That Was: My wrap-up regarding last week can be viewed by the above image.  Moving Onto Next Week: So now what? Well your guess is as good as mine. Longer term, things still look great. All we have done is gone sideways after a very large move that began in […]

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Too Many Bulls Going to Ruin Ben’s Party? + Open Interest for Dec 6th.

 Too many bulls going too far too fast? 1. Is sentiment getting a bit frothy? Yes2. From a historical perspective, is eight straight up weeks in SPX getting a bit extended? Yes3. Are we going to get a correction sometime in December? My psychic is on vacation this week so will have to get back […]

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Open Interest updates for Thanksgiving OPEX

Here is an update of the four indexes I mentioned in my blog over the weekend. The SPX has basically done nothing, but is holding onto recent gains extremely well. The financials (XLF) and the biotechs (IBB) have also gone sideways as some of the momentum names take pause to consolidate last weeks gains. The […]

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A Thanksgiving Stock Market with Open Interest

“Until we have evidence of a shift taking place in this market, continue to do what is working: buy dips, sell on the way up, rinse and repeat.” That is taken from last weeks blog and since it is still valid it ‘bears’ repeating. Now you may ask, but how do I know which dip […]

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