Options Activity

Options Activity By Volume

[Image 1]

The rows in the options matrix are as follows:
  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume

China Data Remains Problematic

China’s factory activity fell for the fourth month in a row. The HSBC Flash Purchasing Managers Index (PMI) came in at 48.3 still below 50 which divides expansion from contration. It is going to be hard for U.S. stocks to break out until there is improvement in China’s economy.

China Data

 

Options Activity

Options Activity By Volume

[Image 1]

The rows in the options matrix are as follows:
  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume

Portfolio Update

The S&P 500 is higher since our update last week. However, the Nasdaq Composite was hit hard. The portfolio is now 92% invested long, 0% short and 8% in cash, net long 92%. We are now at a value of 765.54% from 748.79% last Monday. Expect some changes to the portfolio tomorrow.

We have added the price target from the Alpha Intelligence Stock Scorecard into the weekly update. All stocks are well below their price targets. ETFs recommendations can be found in The Madison Letter. In 2014, this will be updated each Tuesday.

Remember these returns are total returns with the average change for all winners and losers is 6.90% per idea. Our batting average of closed winners and losers is 68%. The portfolio is up 765.54% through last week from inception when it began at 0% in April of 2008. We began 2013 at a value of 478.60% so we had a very nice gain for 2013 ending at 732.40%. So far this year we are up 33.14%.

 

 

Treasury Yields Rise

The Treasury Two Year Auction takes place today. It will see yields at their highest level since 2011. Hint: yields are starting to rise.

Auction

 

Options Activity

Options Activity

Options Activity #213  04/21/2014 8:26 AM EDT

 

[Image 1]

The rows in the options matrix are as follows:
  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume

Networks Fight Television Over The Internet

The Supreme Court will hear argument against startup Aereo that is broadcasting the major networks over the internet. The complaint is that Aereo is not paying redistribution costs that the cable and satellite companies pay.

Supreme Court

If the broadcasters lose this case, then it would hit them hard along with the cable and satellite providers.

 

Index ETF Options Volume

Index ETF Options Volume

[Image 1]

The rows in the options matrix are as follows:
  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume

Weekly Charts Updated

Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and CFT. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class.

All charts are created from www.erlangerchartroom.com and if interested in using this indicator in Chart Room please feel free to send us an email by using the Contact Us section from the home page.

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Gold Moves Back Below $1300

Gold struggled this week as the U.S. economy posted numbers to support a recovery which means interest rates will eventually rise. The only hope for gold is conflict in Ukraine. Worth the read.

Gold