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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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? […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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