Some Volatilities Are Really Low
Hello Pit Crazies, Another weekend in the paradise of summertime Maine … and I still can’t get Griff’s Dollar Mess out of my mind. Even fishing is not helping! Also, I want a trade — but I want the market to pay for it. I keep looking at Mark Sebastian with […]
Gold ‘N’ Volatility
Hey Traders, It was another up week for the markets, with the S&P 500 (Ticker: SPX) notching yet another record close on Friday … And, notably, we saw the CBOE Volatility Index (Ticker: VIX) close at a post-pandemic low on Thursday and Friday, ending the week below 16! It feels like things are starting to […]
These Travel Stocks Could Be Taking A Trip Higher
Hey Traders, Like I talked about last week, travel stocks are looking like they may be one of the last remaining places to pick up some “reopening” upside. As things start to go back to “normal,” people are ready to get the heck out of the house, and start moving around freely again. Last week […]
They’re Back!
Yo Pit Crazies, I’m back! And as I tried to get back into the swing of things Friday, I laid on the couch contemplating … my creaky back and meme stocks! Too many backs there — but could the markets get back to normal? By the end of the day Friday, […]
How To Spot a Short Squeeze
The Trade to Make a Difference Next Week
Hey There Income Hunters, We have a big week coming up, especially after yesterday’s hourly earnings number that was up double over consensus. Workers are needed badly and employers are paying up. This Thursday, I expect another strong consumer price index (CPI), possibly reaching 5%. Treasury Secretary Janet Yellen will also be auctioning plenty of […]
Who Will Be The Next Big Meme?
Hey Traders, Well, the meme crowd got me. I am officially recanting my “AMC won’t hit $50 by Friday” statement, because, well … we all saw what happened, right? Chart courtesy of StockCharts And as much as I thought we’d hit peak meme this week, a closer look into the options pits makes me think […]
A Big Bearish Bet On The VIX
The Option Pit VIX Light Is Red, And Volatility Is Likely To Drop. Hey Traders, Thursday was a slow day for VIX trading… Apparently all the would-be VIX trading went to AMC (which traded over 4 million contracts!) … But there was one giant whale of a customer that executed two huge trades simultaneously. Given […]
Correction is Near
AMC Traders May Feel The Squeeze
Hey Traders, Meme stocks are back at it again this week, and there’s one in particular getting some extra attention … AMC Entertainment (Ticker: AMC) was making headlines after news broke that Mudrick Capital had purchased 8.5 million shares of the movie theater stock at $27.12 … Before promptly selling them off for a profit […]