Paper bought 2000 HUN May 19 Calls for $.80 (4.7 times usual volume) when stock was trading $18.23
Paper bought 5000 TLT Weekly 119 Calls for $.91 when stock was trading $119.57
Paper bought 2000 WFC 4.12.2013 Weekly 37 Calls for $.50 (when stock was trading $36.93
Paper bought 18,000 PCS June 12-14 Call Spread for $.41 (2.6 times usual volume) when stock was trading $11.12
Paper bought 1575 MBI May 13 Calls for $.40 when stock was trading $10.19

I watch 2,000 trades in a day and today paper bought 1435 KRE May 32
Calls for $.28.  Paper is just an order from a hedge fund, mutual
fund, retail bank, or big trader.
So, my trade is buying the KRE May 31 Calls for $.66

Trade:  Buying the KRE May 31 Calls for $.66
Risk: $66 per 1 lot
Reward: Unlimited
Breakeven: $31.66

Greeks of the Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long

—
Andrew Keene
President/Founder
Andrew@KeeneOnTheMarket.com

Economists are skeptical of the near term success of Prime Minister Abe and the Central Bank of Japan’s plan to turn around Japan’s economic growth. The bank  has already been implementing a stimulus program buying bonds since January and with downward pressure on Japanese wages could make their 2% inflation target an up-hill battle.

—
Brandon Carnovale
Guest Contributor
carnovab@my.canisius.edu

Technically speaking, short-term momentum has been impressive as measured by the 50 DMA. This week formed some interesting candle patterns too. The candle on Monday and Tuesday formed hanging men, but today’s action is violating the wick of these formations…supporting a bearish thesis.

—

Author
salerno.mark.a@gmail.com