Biggest Bearish Activity 2.28.2013

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Bear Market Crash Volatility

Paper bought 600 HAS March 40 Puts for $.70 when stock was trading $40.17
Paper bought 600 ECL April 75 Puts for $1.10 (4.7 times usual volume) when stock was trading $77.10
Paper bought 400 AIRM April 41 Puts for $1.275 (15.1 times usualvolume) when stock was trading $44.45
Paper bought 600 KSU April 105 Puts for $5.10 (2.8 times usual volume) when stock was trading $103.81
Paper bought 181 THRX March 20 Puts for $2.10 (2.5 times usual volume) when stock was trading $20.15

Biggest Bullish Activity 2.28.2013

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bullishPaper bought 37,402 AMTD Aug 23 Calls for $.25 (18.5 times usual volume) when stock was trading $19.09
Paper bought 1800 INFA June 35 Calls for $3.50 (7.6 times usual volume) when stock was trading $35.36
Paper bought 905 REN April 7.5 Calls for $2.35 (3.9 times usual volume) when stock was trading $9.61
Paper bought 950 PLCM July 10 Calls for $9.10 (3.5 times usual volume) when stock was trading $9.10
Paper bought 982 PGH Oct 5 Calls for $.15 (2.8 times usual volume) when stock was trading $4.13

Unusual Options Activity 2.28.2013

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rok-tabs-kotmPaper bought 37,402 AMTD Aug 23 Calls for $.25 (18.5 times usual volume) when stock was trading $19.09
Paper sold 5993 JCP Jan 2014 8 Puts for $.60 (3.6 times usual volume) when stock was trading $16.75
Paper bought 1735 MCP Jan 5 Puts for $1.80 (2.9 times usual volume) when stock was trading $1.80
Paper bought 10830 TXN Jan 35 Calls for $2.70 (3.6 times usual volume) when stock was trading $34.48
Paper sold 5000 MTG March 2.5 Puts for $.10 (7.2 times usual volume) when stock was trading $2.75

Is Silver Undervalued? (SLV, GLD, USD) 2.27.2013

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The chart of silver may be depicting a buying opportunity with limited risk and a tight stop. Silver is in a down channel, but the current price may be suffering from an oversold condition.  The market has seen this movie before. Silver saw a similar slump in December of 2012 where the metal fell over 10% as it traversed from the upper bound of the channel to the lower bound of the channel. The candlestick formation when silver bottomed during the aforementioned period is eerily similar to the ones at the present time. See chart below for specifics, but in essence, they are forming neutral dojis…an early indicator of a bottoming process.

Other drivers of the metals trade include push and pulls from the currency market. Over the same period mentioned above, the US Dollar index has rallied and the EUR/USD currency pair has fallen, giving more reason for the metal weakness. This may soon cycle back to prior levels, but is absolutely a risk to the outlined thesis.

E-mail me at,

salerno.mark.a@gmail.com

Screen shot 2013-02-24 at 1.39.18 AM

Biggest Bearish Activity 2.27.2013

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Bear CNBC Day TradingPaper bought 1400 TOO March 27 Puts for $.55 (6.0 times usual volume) when stock was trading $27.43
Paper bought 1300 TIBX March 21 Puts for $.50 when stock was trading $21.69
Paper sold 10,000 FLO March 25 Puts for $.15 (12.9 times usual volume) when stock was trading $28.61
Paper sold 4296 AUXL Sep 12.5 Puts for $.65 (15.7 times usual volume) when stock was trading $16.86
Paper sold 950 SKUL June 6 Puts for $.85 when stock was trading $6.16

Biggest Bullish Activity 2.27.2013

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bullish Option Trade earnings.pngPaper bought 2240 ASTX July 3 Calls for $.70 (6.4 times usual volume) when stock was trading $3.22
Paper bought 2000 LBTYK April 75 Calls for $.275 (1029 times usual volume) when stock was trading $62.69
Paper bought 1125 DGI March 25 Calls for $2.40 (4.5 times usual volume) when stock was trading $27
Paper bought 5000 CHRW May 60 Calls for $1.20 (2.6 times usual volume) when stock was trading $56.23
Paper bought 3011 EXPD May 40 Calls for $1.05 when stock was trading $37.52