The SPX is now in the process of making a consolidation pattern in the form of a right triangle or perhaps a rising wedge during which implied volatility is likely to remain high. For those who want to trade the swings it appears a leg down to reversal point 3 is now underway.
A roundup of pre-session activity in the futures market – European Debt Issues Overshadow Positive U.S. Economic Data
On Friday, the company traded over 5,000 options in the first hour on total daily average option volume of just 903.
Bestselling author Malcolm Gladwell (The Tipping Point, Outliers) addresses the Options Industry Conference.
On Friday, the company traded over 3,100 options in the first two hours on total daily average option volume of just 583.
Unusual options activity review for Friday, May 14, 2010
Mark is joined by David Fisher, CEO of OptionsXpress. Mark and David discuss the ferocious competition in the retail options space. They also discuss the growing arms race among firms looking to attract high-end retail options traders. Finally, David addresses claims that OptionsXpress may have lost its way after recent management changes and acquisitions.
Visa Traders Turn Call-Sellers After Regulatory Change – Featured tickers: V, VIX & SY
Options Intelligence Report for TiVo Inc. (TIVO) and McDermott International Inc. (MDR)
The company traded nearly 5,000 options on total daily average option volume of just 1,013. All but 3 (not a typo) contracts were calls.
A roundup of pre-session activity in the futures market – Playing Catch-up?
Unusual options activity review for Thursday, May 13, 2010