Various

Trading Bitcoin: Bulls Still Holding Above $9.2k

Bulls Still Holding Above $9.2k After being rejected at $10.5, Bitcoin is still trading above the $9.2k support level. On the daily chart above, sequential is on a red 2 candle. However, our current red 2 candle has not closed below the previous red 1 candle. Therefore, we are still

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Weatherford calls soar before earnings

Weatherford is attracting enormous upside option activity ahead of quarterly results this week. Investitute’s tracking systems show that 50,500 Weekly $6 calls expiring on May 5 were purchased today for $0.13 to $0.18 as shares traded around $5.55. The volume dwarfed the strike’s open interest of 1,368 contracts, showing that

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Foot Locker bulls run away with gains

A large trade in Foot Locker has nearly doubled in value now that the company has reported its quarterly results. On March 21, Investitute’s tracking systems showed that 5,000 April $75 calls were purchased for $0.95 as the stock traded for $73.43. This was clearly a new position, as open

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SNAP Volatility Has Come WAY Down

Volatility is right where we thought it would be, around 60%. That implies a move of nearly 3.8% per day. Through the first full week of listing SNAP volatility by day: On IPO day its volatility was 160% Friday it was 181% Monday 250% Tuesday 128% Wednesday 139% Thursday 80%

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Netflix

Some last minute out-the-money call buys in NFLX have caught the eye of our HeatSeeker. I took advantage into the EPS tonight by trading the following spreads: I did the January 20th expiry 122 versus 120 puts 1 x 2 for a $1.00 credit. I keep that credit if shares

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FXI Call Stupids

A “Call Stupid” is a multi-leg transaction, or spread in which the trader purchases two separate strikes. A normal spread would see a trader buy one strike and sell the other, but in a call stupid the trader buys both. Many of us believe the transaction got its name from

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So Much Fun To Meet Dan Marino At CNBC Today

Dan Marino and his business partners were super to me and everyone at CNBC. They brought Anthony’s Coal fired Pizza, which Dan is an investor in and it was spectacular. Dan is a Hall of Fame quarterback, investor and as generous with the time he spends fundraising for his foundation as

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