Very bullish as indicated by the call/put ratio for DUST.
Volume: call/put 7 / 1
Open Interest: call/put 3.47 / 1
I went to a Chipotle in Northern Virginia today at 1:30 The line extended to the entrance door(around 30 people). I was a bit surprised since there were only around a dozen in line 2 weeks ago. But that was around 3:30 last time so that may explain the difference. But it does appear that customers are beginning to return. Since this is partly a psychological hurdle they have to overcome, perhaps they should try to change their appearance. A simple and cheap change such as just going from black to white T-shirts could be a start to change their image. The customers need something to visualize what has changed. The idea is to give the restaurant a cleaner image which could convey the concept of cleaner food.
Actually we should be glad there is a class of very wealthy people. The top 1 percent of California resident income tax filers paid just over 50 percent of overall revenues collected in 2012. This amount should be even higher for the current year.
The low on Feb 3, 2016 was a 5.7% decline from the previous day's close.
Today's low of 715.11 is also a 5.7% decline from the previous day's close.
GOOG had continued down for 3 more days after the Feb 3 decline. However, this was during the market correction so it may be different this time.
You are right. The FTC is sick of this case. There will be a settlement and that will be the end of it.
I am looking at the June 45/55 call spread. A chance to make 2x if it goes back up to 55.
Who are the buyers? Maybe Ackman is adding to his position.
773 traded today with an open interest of 22,868.
There is also active buying of the Jan2018, 80 calls.
I have Fidelity Active Trader Pro quotes. Some of the option volumes for YANG is showing up as over 10,000,000 calls. This would cost the buyers 10 billion for buying this one option strike. This is obviously an error. This seems to happen occasionally. Always good to check with another quote source if you see something like this.
SPY broke through the 201.35 key level today. Looks like it wants to fill the 203.87 gap. With the SPY open interest of 2 puts for every 1 call, we may not see any substantial declines.
This is the current call/put ratio for SPY:
volume: 1 : 1.51
open interest: 1 : 2.04
Have you noticed that almost everyone now on CNBC is bearish about the market and are recommending short positions. Needs to break through 201.35 before we see the next leg up.
The April 1, 35.00 puts look good with a bid/ask of 3.70/4.10 with VRX at 38.75
Excellent call! Looks like the bottom is in.
The previous major low was on Feb 19, 2009. Must be something about Feb to cause the lows in oil.
It looks like traders may be hedging their market position with UVXY. The open interest call/put ratio for SPY is 1 : 2. There are more than 2 puts for every 1 call. I would be more concerned for the market if there were 2 calls for every 1 put. Also, the cash position for fund managers are at a high level. There is probably a lot of portfolio re-balancing going into the end of the quarter. The managers may be worried about risk of the market moving to the upside while being in a large cash position.
If you notice, oil had bottomed in Feb 2009 and also in Feb 2016. A 30 year seasonality chart will show that Feb happens to be the month when oil is at it's lowest price for the year. The chart also shows the price of oil peaking around Sept-Oct. I would like for it to drop to the low 9s to start trading it again.
GDX has just made a new 52 week high. GLD has failed to do so today. Keep an eye on the 122.37, 52 week high for GLD. It will have to break above this level for GDX to have any sustained rally.
Are you saying that anyone trading the miners should just ignore the price of gold?
One is the commodity while the other is the business of producing the commodity. This is similar to comparing oil to XLE. Of course they will not track precisely together, but close enough where they should not be ignored.
Did you end up covering your short puts or just let the shares be put to you? This happened to me with USO when I was selling puts. I held on to the position too long and ended up having shares put to me at 10.00 I continued selling puts as the price dropped so I was able to balance out the loss in my shares. But do this only if you are sure the stock has reached a bottom.
Today's call/put ratio for UVXY is 2.55 to 1.00
If anyone is buying calls, take a look at the spreads. The May 20, 14/18 call spread can be bought for less than 2.00 with UVXY at 18.02