Options Flow Recap Oct 11

Macro / Thematic

EEM – 76,000 of the October 36 / 39 put spread was sold at $1.11. The put spread was sold to close and likely closes a position opened approximately one month ago for a $0.55 debit.

SPY – 30,000 of the January 110 puts were bought for $4.44. 40,000 of the January 105 puts were bought for $3.29. 20,000 of the January 85 puts were bought for $0.92. 50,000 of the January 100 puts were sold at $2.43 and 40,000 of the January 90 puts were sold at $1.28. The trade was done as a package.

VIX – 18,000 of the January 25 puts were bought for $1.075.

XLF – 17,000 of the January 12 puts were sold at $0.98.

Morning Note Oct 11th

October 11, 2011


US equity futures are following European markets lower as ECB's Trichet reiterated a sense of urgency in regard to dealing with the Eurozone Sovereign debt crisis in order to avoid contagion. The Slovakian vote on approving changes to the EFSF rescue fund is expected at ~7:00 ET is looking less likely to be approved though there are reports that the parliament can put the ratification to repeated ballot once a political agreement with the opposition is in place. Earnings season unofficially kicks off with Alcoa (AA) after the close.

EU/IMF/ECB inspectors say Greece will miss 2011 target, says Greek 2011 fiscal target no longer within reach.

Sep NFIB Small Business Index 88.9 vs. 88.1 in August

BofA Sued Over Alleged Failure To Disclose Potential $10 Billion AIG Loss

Morning Note Sept 7th

September 7, 2011




US equity futures are all trading higher following higher openings across Asia and Europe, which got an additional boost after the constitutional court in Germany rejected lawsuits aimed at blocking participation in euro zone bailouts.


II Data: Bullish sentiment declines to 38.7% from 40.9% in the latest US Investor's Intelligence poll. Bearish sentiment increases to 37.6% from 36.6%. Those expecting a market correction increases to 23.7% from 22.5%

Dick Bove Note on Goldman Sachs

Dick Bove Note on Goldman Sachs

Morning Note

Equity futures are trading below fair value in a continuation of yesterday's weakness following Chairman Bernanke's comments on the "frustratingly slow" and "uneven" economic recovery and in the absence of hints of a dovish policy response. Beige Book will be released at 14:00ET, and though the information on which that release is based won't be as current as yesterday's Bernanke commentary, perhaps a little more depth into the recent weak economic data will be revealed.

An Overview of Behavioral Finance & the Economy, What Worries Us, Our View of the Markets, & Some Stock Ideas

Tilson Prez May 2011

JPMorgan Global Manufacturing & Services PMI Research Report

Markit PMI


Hat tip to Zero Hedge for sharing this.


No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.