WWR Option Activity Looking Bullish for Battery Production
Westwater Resources Inc (NASDAQ: WWR) surged 40% higher on Tuesday as call option volume exploded. The option activity occurred as the inauguration approaches and trades are being made on the potential Biden policies. One of the areas that is looking up is electric power and battery production. As you think about who makes batteries, don’t…
Deconstructing VIX Index Option AM Settlement
The VIX Volatility Spread (VVS) using VIX Index options is a strategy our members have on pretty consistently. This is a relatively low risk and high reward strategy for capitalizing on a sharp move higher in the VIX. Because this trade requires very little maintenance and generally little cost, it’s great to have going as…
Good Gamma Trade Gone Bad?
Options volumes point to a retail fueled bubble—will the gamma trade reverse?—what drove markets higher will eventually unwind—delta needs hedging! A Change in perspective ——All good news is priced in—1.9 trillion and we sell off—jpm beats estimates, banks tank—where’s the positive news cycle coming from? Inflationary or Deflationary?—Japan and the monetary Petri dish—gold tanks—Bitcoin—taxation deflationary—stimulus…
Support & Resistance: Technical Analysis 101
Is there a more central concept in technical analysis than support and resistance? Of any other principle, this is extremely central to all traders and is based on the concept of price agreement. Sure, there are the typical descriptions using the imagery of a floor or a ceiling, but what’s really behind it? In this…
What's Next for this Pancake Market?
What's a Pancake Market you ask? It's what it feels like this week where the market stayed flat all week despite economic and headlines hitting the tape all week. Nevertheless, the market is gearing up for major companies - especially financials - reporting earnings Friday and into next week so let's take a look at…
Complete Correlation Breakdown!
In tonight’s video, Don describes today’s trading session as a complete correlation breakdown. Tune in and find out what exactly Don means by that statement. In addition, Don says to look for volatility to come back in the remainder of the week and to be prepared for some fairly substantial moves…
Financial Stocks Charge the Market to New Highs (as Bonds fall)
The bullish holiday creep extends through the first week of 2021 as financial stocks surged to new highs, and in some cases new all-time highs. While the SP500 and NASDAQ did not quite cross the bullish finish line, the Russell 2000 index and IWM ETF did. In tonight's video, Corey discusses these developments along with…
MOMO finds its MOJO as Option Volume Surges
MOMO Unusual Option Activity Report Several weeks ago, I did a session for Theotrade on companies looking to break out and Momo Inc (NASDAQ: MOMO) was one of them. It’s fitting that it’s breaking out today on substantial volume and a commensurate surge in bullish option activity. The original thesis was the company’s valuation and…
XLE Big Bullish Option Interest After Goldman Oil Outlook
XLE Unusual Option Activity Report The Energy Select Sector SPDR Fund (NYSEARCA: XLE) gapped lower on the open yesterday as the price seemed ready to retrace following last week’s bounce. That quickly changed as Goldman Sachs raised its summer price target for oil. Their updated price target for the commodity heading into summer is now…
A Beginner’s Guide to Value Investing in 2021
As we kick off 2021, it’s inevitable that the financial media will discuss whether this will be the year for value investors. It’s been a lean decade or more for style investors that plant their flag on the value investing camp. However, it’s a new year and with it comes new opportunity. Let’s explore the…