Options Trading Blog
Options Trading Tips and Strategies
Apple & Google Pivot Points for 1.8.2013
Unusual Options Activity Report 1.7.2013
Paper bought 1395 FCX Jan 36 Calls for $.31 when stock was trading $35.28
Paper bought 6903 JNS Feb 9 Calls (55.2 times usual volume) for $.40
when stock was trading $9.15
Paper bought 1822 WDC Jan weekly 43.5 Calls for $.53 when stock was
trading $43.33
Paper bought 1100 URBN Jan 41 Straddles for $2 when stock was trading $41.19
Paper sold 24,578 GFI April 13 Calls and bought Jan 14 Calls for $.32
credit (18 times usual volume) when stock was trading $12.15
Andrew Talking Alcoa, Apple on First Business (AA, AAPL) 1.7.2013
Trade the Financials: BlackRock (BLK) 1.7.2013
The Basel Committee on banking supervision watered down bank liquidity rules and as a result European banks rallied on the news. Banks like DB and Credit Agricole rallied 3% across the pond overnight. This action many bring some tailwinds to Chicago and New York as we open today, financials will naturally be on many watch lists considering the former.
BlackRock Inc. is a leading independent investment management firm. BLK provides clients with a variety of investment and risk management services, similar to GS, MS, and CS. BLK generates revenues from client business. Clients range from pension funds to non-for-profits. These services include investing in equities, fixed income, and other assets. Products that retail traders may be familiar with are managed by BLK too. iShares exchange-traded funds (ETFs) and other exchange-traded products ( ETPs) are popular among trading community.
BLK is one of the best performing financial stocks. BLK is only down a mere 12% from its all time high (ATH). Stocks like GS and WFC are still down 46% and 21% respectively from their ATH. BLK, according to the chart below, may have broken out.
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Market Recap 1.4.2013
S&P Emini Pivot points for 1.7.2013
Apple & Google Pivot Points for 1.7.2013
Unusual Options Activity Report for 1.4.2013
Paper sold 3173 RIG Jan 50 Calls for $1.74 (3.2 times usual volume)
when stock was trading $51.14
Paper bought 3017 P Jan 10 Puts for $.55 (2.1 times usual volume) when
stock was trading $9.84
Paper bought 2360 UNH Jan 52.5 Calls for $.95 when stock was trading $52.30
Paper bought 902 NTRI Feb 9 Calls for $.20 (7.3 times usual volume)
when stock was trading $8.63
Paper bought 10760 HMA Jan 9 Puts for $.15 (14.2 times usual volume)
when stock was trading $9.61
Key Reversal Day in Visa: Time to Get Short? (V, MA, AXP) 1.4.2013
The trend channel is also a nice tool to use as a reference point. Price action in July of 2011 was the start of this huge bull-run. Depending on how your trend lines are drawn, Visa has respected the upper and lower bounds many of times. Days of note have a white oval. These days have the same or a similar pattern to what was presented yesterday. For the most part, each of these situations resulted in lower prices in the short term.
It is also interesting to note that yesterday’s volume was 30% above the 50-day average volume. Additionally, on balance volume failed to confirm a new ATH too. A target could be the middle of the bull channel displayed below, perhaps about $150 in the short term. Next week’s weekly options in combination with the regular January monthly options are pricing the $150 put calendar at $0.34, if one was inclined to get bearish next week. Other ‘options’ include buying put verticals or anything with negative deltas.
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