A trader set up the XLF September $15/$16/$17 call butterfly, 25,000x50,000 at $0.21.
Showing posts with label financials. Show all posts
Showing posts with label financials. Show all posts
Thursday, June 23, 2011
Monday, June 13, 2011
Financial Order Flow Review
If you have been paying attention to our Options Flow Recap posts you might have been noticing some of the odd bullish option prints in BAC, C, and XLF recently.
Friday @ 11am PST CNBC reports "Extra capital charge on banks maybe 2-2.5%, not 3%"
Unless you've been living under a rock you would have realized this if VERY positive news for the banks. Jamie Dimon and many financial lobbyist have been wining about it for months and it looks like they might have finally paid off the right people. I'm not suggesting to go all in Financials here but I am suggesting to have a plan and a variety of possible positions you could initiate if the opportunity presents itself.
Lets take a look at the recent activity:
Friday @ 11am PST CNBC reports "Extra capital charge on banks maybe 2-2.5%, not 3%"
Unless you've been living under a rock you would have realized this if VERY positive news for the banks. Jamie Dimon and many financial lobbyist have been wining about it for months and it looks like they might have finally paid off the right people. I'm not suggesting to go all in Financials here but I am suggesting to have a plan and a variety of possible positions you could initiate if the opportunity presents itself.
Lets take a look at the recent activity:
Monday, April 25, 2011
Follow Up: BAC - Right Now (Bank of America Inc.)
Wanted to take a quick second to do something we don't usually do, which is review a previous post and connect some dots. Today BAC made the move many were anticipating - a break above the declining tops line and a run towards the gap. I'm disappointed to say that despite having stalked this trade, I did not cash in nearly as much as I would have liked. The move off the open was sharp and quick and I would have preferred to buy the early pull back. One axiom we hear a lot is the market moves in the direction that hurts the most people. Quicker moves like this can often be indicative of shorts getting squeezed. The rapid buying and the lack of sellers causes a bit of a panic and that looks like what might have happened today.
Here's a look at how it went down.
I'm not sure BAC is done basing, but it will be very telling of short interest if it gets squeezed into the gap tomorrow. If it does get into the gap, I will most likely be looking to fade the gap fill for a quick trade. Good luck, and remember to stay light and tight.
Here's a look at how it went down.
I'm not sure BAC is done basing, but it will be very telling of short interest if it gets squeezed into the gap tomorrow. If it does get into the gap, I will most likely be looking to fade the gap fill for a quick trade. Good luck, and remember to stay light and tight.
Thursday, April 21, 2011
BAC - Right Now
Here's what I am watching
Baby break of today's opening range (bullish bias but not overwhelming)
Gap up above that could draw price higher
Declining tops line resistance
Divergence in price and MACD over 3 days that makes me wonder if a near term bottom is forming.
Good luck!
Baby break of today's opening range (bullish bias but not overwhelming)
Gap up above that could draw price higher
Declining tops line resistance
Divergence in price and MACD over 3 days that makes me wonder if a near term bottom is forming.
Good luck!
Wednesday, April 20, 2011
A Quick Look at the Charts : BAC (Bank of America) & C (Citigroup Inc.)
Experimenting with posting a few 60 min charts here. Let us know how you do/do not like it...
A quick look at the charts - Bank Of America and Citigroup Inc.
Subscribe to:
Posts (Atom)