Tesla Inflicts Damage Across Markets
Tesla is responsible for all the damage in the market today. In other notable areas of risk bonds continue to sell off sending interest rates higher. VIX jumps higher and we clearly in Vomma Zone with a 120 reading. Here's what to watch the remainder of the week…
BFT Find’s Bullish Option Interest Before Trading as Paysafe
BFT Unusual Option Activity Report Foley Trasimene Acquisition II Corp (NYSE: BFT) saw a flurry of call option buying Monday as the SPAC moves closer to trading as Paysafe. According to reports, the deal that was announced on December 7, 2020 will see BFT trade under the name Paysafe on the New York Stock Exchange…
Tesla Poses Imminent Danger to the S&P500
Bonds/Rates—Inflation, jobs -140k—Free money forever?—US Dollar—Financials—Home Builders The Dangers of Tesla—market cap 800 billion—weighting in the sp500—AAPL vs TSLA who carries more weight?—all it will take, one bad day... Parabolic Moves Coming to an End?--Financials SPX Expected Move--last week-- 89.79 (expected move)--next week-- 77.03
Option Traders Turn on FCX Following Gold and Silver Rout
FCX Unusual Option Activity Unusually large bearish option activity popped up on Freeport-McMoRan Inc (NYSE: FCX) following gold and silver losing 3.53% and 6.92%, respectively. The share price of FCX only finished 0.61% lower but calls into question that near-term potential of the mining stock after its large run. At least for option traders, the…
A Volatile Week Indeed - What's Next?
On Tuesday's video, I highlighted the rise in option volatility and increase in expected move along with headline risk and we certainly saw a volatile market… virtually straight up. In tonight's video, Corey updates the new levels, stocks breaking higher with the market, comparisons to prior January rallies, and other ideas to keep you safe…
RRC Option Traders Rolling into the Upcoming Cold Spell
RRC Unusual Option Activity Report I’ve never liked the saying “cold hands, warm heart,” but for stocks like Range Resources Corp (NYSE: RRC) it’s very apropos. With weather forecasts turning decidedly colder in the coming weeks, it opens the door for a rise in natural gas futures and carryover to stocks as well. The carryover…
Banks Surge on Inflationist Dream Scenario
If 2020 was a nightmare, 2021 may be a dream scenario for banks. The bullish party kicked off following last night’s election results in Georgia that appeared to hand the Democrats the senate. The idea of a unified legislative and executive branch sent bond yields surging today as the embers of inflation get stoked. Clearly,…
Political Chaos Reigns Over Markets
A wild day in the markets that saw financials and small caps up big while bonds, gold, and big tech got crushed. What is going on in this market? Don breaks down the key parts of this market to watch in what will continue to be a wild trading week…
Altria has Traders Taking a Smoke Break in the New Year
Altria Unusual Option Activity Report What a crazy start to the new year and the unusual option activity in Altria is fitting. I say fitting in that after 2020, many people are looking at something to calm the nerves and take a break from the chaos. As we deal with election news, many may be…
Market Bracing for a High Volatility Week
We're seeing a rise in volatility this week that started Monday with a large drop and could continue through the political headlines that could send the market surging or falling quickly. As such, the market is pricing in volatile outcomes and it's good to be prepared and have a plan for what you might want…