Volatility
This correction has scrambled my plans for the Amazon Puts I added to my Volatility Portfolio on Monday: Here’s what I’m thinking of doing tomorrow
When I bought the November 23 Puts (AMZN181123P01852500) with a strike price of $1852.50 on Amazon I wasn't looking for a severe multiday sell off in the stock market that focused, for today, October 24, at least, on growth stocks. Instead I was looking for a more...
For another week when anticipated volatility is running high, here are three volatility plays
The financial markets are expecting another week of volatility almost as severe as last week. The futures market entered last week expecting a move of something like 70 points on the Standard & Poor's 500, according to calculations by Theo Trade. We got almost...
How low can volatility and the VIX go? And how fast?
Yesterday, October 16, the CBOE S&P 500 Volatility Index (VIX) fell 17.28% to 17.62. That's a huge drop from the closing local high of 24.98 on October 11. If the market's very, very positive reaction to Netflix earnings delivered after the close yesterday is any...
Buying Apple January 18 calls at $225 ahead of earnings
You may remember a pre-earnings trade that I advocated a few quarters back with Nvidia (NVDA) and a couple of other stocks. Well, I'm putting it on again today ahead of Apple's (AAPL) quarterly report now scheduled for October 30. I'm adding the January 18, 2019 call...
Adding to my position in Equinor call options
The less risky January 18, 2019 call options with a strike price of $25 on Norway's Equinor (EQNR) rose 6.59% today. The more risky, because they're out of the money, January 18, 2019 call options with a strike price of $30 fell 16.67%. I think that's an expression of...
Stocks hold most of last hour’s gains–and that’s important
An extremely volatile day--but the market held most of its gains into the close--and that's important if you're trying to figure out whether we've seen the last (for a while, at least) of this week's selling. Let's take a look at the Standard & Poor's 500 index as...
Selling VIX November 21 calls after volatility spike
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Oil moves higher today on Hurricane Michael, IEA supply warning
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Volatility market pulls back from “inversion panic”
Futures on the VIX, the CBOE Volatility Index, often called the "fear index" since it rises when traders look to hedge against a drop in the market, toyed with "backwardation" in today's session. If you don't know what the means, you're by no means alone. Â But what's...
I’m adding Banco Santander Mexico to my Volatility Portfolio on NAFTA deal
I'm moving Mexico and Banco Santander Mexico (BSMX) up from "buy later"--after more of an emerging market bounce from China and South Africa--to a "buy now" on the basis of the announcement on Monday, October 1, of a new trade agreement between the United States,...
Dollar fundamentals continue to erode
I don't think there's anything more important to financial markets--well, assuming we don't get some kind of completely off-the-wall black swan event--over the next three months or so than the strength or weakness of the dollar. My judgment on trends in the greenback...Jim’s Stock Alerts
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