Is TJX Companies Inc (NYSE: TJX) a Buy Before Earnings?
TJX Unusual Option Activity Report It’s hard to imagine that TJX Companies, which had to close all of its stores and furlough it’s employees, is near a 52-week high, but it is. After all, this is a single channel brick and mortar company owns stores like T.J. Maxx, Marshall’s and Home Goods. TJX is an…
Energy Bulls Making Their Way Back Home
Energy Unusual Option Activity Report It was two weeks ago that I posted an article on the bullish option activity on energy stocks. The prices of these companies haven’t exactly taken off like geyser, but the price activity hasn’t exactly been bearish. This is one of the limitations when a lot of the activity it…
Corporate Bonds (LQD) Gets a Vote from Options Market
LQD Unusual Option Activity Report Investment grade bonds have been selling along side U.S. Treasuries as inflation fears are ramping up on stimulus talk. As the price of the iShares iBoxx Investment Grade Corporate Bond ETF (NYSEARCA: LQD) is testing recent support near $134.50, a large bullish option trade was made early Wednesday. Bonds &…
Disney is a Happy Place for Option Bulls
Disney Unusual Option Activity Report Walt Disney Co (NYSE: DIS) is still searching for a resolution to the closure of their California park. That hasn’t dissuaded investors and the option market from taking bullish trading opportunities. Although the ride has been as crazy as Mr. Toad’s Wild Ride, it has proven profitable. As the price…
Is the S&P 500 Ready to Rally?
S&P 500 Option Activity Rally Cap I frequently watch unusual option activity and today saw an unusually large bullish trade made on the SPDR® S&P 500® ETF (NYSEARCA: SPY). Bullish? Yes, you heard it here first! While the activity alone doesn’t lead to certainty, it is an example of the outlook by some large traders.…
Repeat Option Activity was ‘Order of the Day’ Monday
Unusual Option Activity Report The option activity wasn’t as unusual as it seemed multiple stocks experience repeat activity on Monday. That means that there has been more than one day or unusual trade that occurred over that period. Seeing multiple days of unusual activity or multiple trades can show even more conviction from traders. I…
Energy Sector Finds a Flurry of Bullish Option Activity
Unusual Option Activity Report Bullish unusual option activity in the energy sector was flourishing on Thursday. Bullish option activity appeared in the Energy Select Sector SPDR® Fund (NYSEARCA: XLE) many other stocks in the sector. This space is very oversold and might be signaling a strong bounce off support in the coming weeks. What’s Up…
Option Activity Finds 3-D Printing
Unusual Option Activity Report It has been a nice week so far for companies involved in 3-D printing. SmileDirectClub Inc (NASDAQ: SDC) and 3D Systems Corporation (NYSE: DDD) both saw unusual option activity on Wednesday as their share price surged 7.28% and 18.44%, respectively. 3-D Printing Option Activity SmileDirectClub Inc (NASDAQ: SDC) SmileDirectClub isn’t exactly…
Leisure & Travel Bulls ‘Jump the Shark’ as Stimulus Hopes Fade
Unusual Option Activity Report The day started out so well for leisure and travel names like Carnival Corp (NYSE: CCL) and Wynn Resorts, Limited (NASDAQ: WYNN). At first, prices were rising, and there was significant bullish option activity. That lasted until the news came from President Trump that the stimulus negotiations were done until the…
Option Bulls Find a Friend in Cannabis Stocks
Cannabis stocks have been an industry that has seen consistent unusual option activity. While not every signal has resulted in big moves, many have. The option market was once again drawn to this industry as option volumes and prices surged. Cannabis Stock Activity Two stocks that saw both significant price movement and option activity were…