GE Unusual Option Activity Over the last few weeks, the share price of General Electric (NYSE: GE) has been ripping higher. The movement comes as the company is set to announce their earnings on October 28 before the market open. Although the price has rallied over 30% during this period, it is stil
Another Rally In Regional Banks The stock market rallied modestly on Thursday with the small caps doing the best because of the financials. S P 500 rose 52 basis points, the Nasdaq was up 19 basis points, and the Russell 2000 rose 1.65%. Despite tech lagging. Snap exploded again. The stock rose 7% t
Fantastic Jobless Claims Based on the recent jobless claims reports, we were all expecting another weak reading. Instead we got a strong downward revision and a decline this past week. California came back to the fold after a 3 week hiatus. First week they accepted claims, there was probably a huge
SONO Unusual Option Activity Report The share price of Sonos Inc surged nearly 7% higher at the time of this writing. The move is a significant breakout on substantial volume. It was the analyst upgrade at Bank of America that sparked the enthusiasm. The analyst, John Babcock, upgraded his recommend
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
Another Modest Decline The stock market fell modestly on Wednesday with the small caps falling the hardest despite the outperformance of the banks. That’s because small cap growth stocks were weak again. It appears that the market is dealing with a bunch of factors at once. We have the uncertainty o
Job Postings Improve As you know, the initial jobless claims reading was poor last week. It didn’t include California data, but the rest of the country was weak. We should get the California data in the next 1-2 weeks. Initial claims report this week is expected to show an additional 865,000 claims
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 t
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 opt
Modest Rally On Stimulus Murmurs The stock market rallied sharply on Tuesday before giving up much of the gains in the afternoon. At the peak, the market was up 1.4% and it closed up 47 basis points. Rumors are swirling about vaccines, treatments, and a stimulus deal. Pelosi changed her deadline fro
