KeeneOnTheMarket.com is the leading real time equity options trading resource on the web. Led by Andrew Keene, a veteran options market maker and floor trader, KOTM.com provides our subscribers with essential daily trading reports that contain key equity option activity statistics, S&P e-mini daily pivot levels, and Andrews highest probability “Trades of the Week”.
KeeneOnTheMarket.com also operates the KOTM.com Live Trading Room where members can join us, see us, and learn how professional option traders trade real money on a daily basis.
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|Throughout a 10 year market making career at the Chicago Board of Options Exchange, Andrew went from a young clerk to an aggressive educated trader. At one point in his career, he was the biggest independent on the floor AAPL options trader in the world. Andrew regularly gives interviews on CNBC, Bloomberg, CBOETV, First Business, Options Profits and other media outlets. Andrew’s views are concise, often contrary to the mainstream, and sometimes controversial. He openly discusses his options trades and keeps his fans updated with his thoughts on the management of those trades.|
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|Andrew Keene, an independent trader, interviews from the floor of the CBOE with Bloomberg’s Trish Regan and Citigroup’s Mark Mahaney. Andrew talks about how he believes ebay’s auction front business is similar to a declining business model of Groupon (GRPN). As an options trader he gives his options trade and how he thinks Europe and a soft guidance will affect the company. He also discusses the 100 and 200 Day Moving Average and how those will affect his day trade for earnings. Andrew gives a great take on the fundamentals, technicals, and chart to place his equity options trade.|
The ECB has lent over $450 Euros since it incorporated LTRO on December 21, 2012. There is speculation that the ECB is going to inject another $470 billion this week. In my opinion, the market has anticipated this move for a while and I think the official announcement should be a non-event. Then again, the trick is always trying to determine what information is priced in to markets and what isn’t. Amyris Inc. (AMRS) is getting crushed since the company reported poor fourth quarter results from its leading drugs. AMRS is down over 11% to $5.72. Apple (AAPL) is expected to announce its iPad 3 on March 7th. AAPL made another new 52 week high of $534.62. Dominos Pizza (DPZ) broke out of its wedge today and shot up 13.50% to $38.02. Pizza stocks were some of the best performing stocks in 2011. ZAGG Inc. (ZAGG) saw a 10% rally today after a .02 earnings beat. I am surprised the stock isn’t up more given that 50% of its shares are sold short.
With Gold and Silver showing continued strength, small beta pin actions plays are starting to show signs of strength. I like Paramount Gold Mining (PZG) on a break of $2.82-$2.84. Very easy risk management as a stop can be placed underneath the descending trend line. A break of $3.15 on heavily volume could send PZG to $4 in a short amount of time.
Andrew Keene analyzes and dissects daily options order flow to compile the most complete “End of Day” Equity Options Report.
Apple makes another FRESH ALL-TIME HIGH AT $533.20. Ipad 3 is supposedly coming out next Wednesday March 7th in New York according to numerous reports.
The June CBOE VIX futures are trading at $26 and October CBOE VIX futures are at $29. Are the CBOE VIX future curves anticipating higher volatility to come?
Wednesday, keep an eye out for Bernanke’s (semi- annual testimony) speech. Also, Sweden and India reports Q4 GDP numbers. Finally, 2nd round of LTRO program in Europe to take place.
Wednesdays before the bell earnings:
Joy- Joy Global should meet or beat profits and sales expectations because it’s expanding into China’s International Mining Business. Analysts expect Joy to report $1.35 a share, up from $.96 a year ago. Revenue estimates are $1.15B for the quarter and year end revenue of $5.5B.
Liz Claiborne- Quarterly Earnings and estimates Q4E of $.10 Quarterly Revenue Q4E $477M. As of January 31st, their was a huge short float of 30%. Any good news regarding earnings could send the shorts running and the stock flying.