Stimulus Talks Dusting Off Opportunity in Gold and Silver
Gold & Silver Unusual Option Activity Report Since the original CARES Act expired at the end of July, gold and silver have been backpedaling. However, as stimulus talks appear to be moving quickly toward a deal, the prospects for gold and silver are more lustrous. The early sign of this was the bullish option activity…
Cannabis Option Traders Find Their ‘Stash’…Again
Cannabis Unusual Option Activity Report After getting the post-election boost from the pro-cannabis bills passing, the momentum began to lag. As the price is currently flagging, the options market appears to be finding renewed optimism in the near-term prospects of the industry. You could say that these traders have, once again, found their “stash.” The…
Tesla Inc (NASDAQ: TSLA): A Tradition of Exuberance
Tesla is motoring nearly 5% higher on the session at the time of this writing. That’s extraordinary, or is it? Tesla has a tradition of making fundamental investors moan and the momentum investors cheer. The first example of this was 2013. At the time, the company had a much smaller float and over 40% of…
Financials See Options Market Turn Bearish for the Holidays
Financials Unusual Option Activity Report In October, the trend in option activity in financials was decidedly bullish. On Oct 23, I posted on an unusual option trade that was made on the SPDR S&P Regional Banking ETF (NYSEARCA: KRE). Since that post, KRE has moved over 18% higher. However, that bullish tide may be receding…
Plug Power Inc: A Quick Look Under the Hood
Since its March 2020 low, Plug Power has risen around 1000%. That amount of movement is profound and places new investors on the outside wondering, where is it going from here? This will typically leave the optimists with rose-colored glasses chomping at the bit to enter the fray. They’ve likely been reading about hydrogen fuel…
Better Watch Out, Better not Cry…the Vomma Zone is Here
One the indicators that we look at closely at TheoTrade is when the VVIX crosses over into the “Vomma Zone.” Now, you’ve probably never heard of the Vomma Zone and you may not have heard of the VVIX. However, this is a key indication of potential volatility in the S&P 500 around the corner. This…
Bond ETFs Give Big Heads Up of Downside Potential
Bond ETF Unusual Option Activity Report As market makers were deliberating what price to open DoorDash Inc (NYSE: DASH) this morning, the bond market was giving a much different signal. Bond ETFs were seeing significant bearish option interest across corporate and U.S. Treasuries. The exuberance for IPOs has been nothing short of historic and the…
You’re Grounded! Option Bears Turn on Airlines
Airline Unusual Option Activity Report There’s nothing worse than having your airline flight cancelled during the holidays. You’re at the terminal and ready to board amidst falling snow, and then the call comes…flight cancelled. There are many movies that start out that way as stranded passengers scramble to find their way home. Luckily for you,…
Oil & Gas ETF (XOP) Finds Bullish Option Interest Revival
XOP Unusual Option Activity Oil prices traded flat on Tuesday, but oil stocks and ETFs like XOP found a bid right after the open. As the price began to rally, so did the option interest and stock volume. This is an indication that the bullish movement in the energy industry may not be over as…
NDAA News Gives Bullish Fuel to Uranium Stocks Like CCJ
Every Friday on TheoTrade I go over top-down trends in the stock market and on November 27 one of those areas was uranium stocks like Cameco Corp (NYSE: CCJ). At the time, this was following the broader rally in materials stocks. However, last Wednesday I posted some of the unusual option activity on our site…