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

 

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

Buying Puts To Protect IBM Gain

We have owned IBM since last July, the 13th to be exact. In both August and October we bought puts to protect our position. We will do so again as earnings are expected today after the close. We love the stock but have feel that investors could have a trigger finger.

The good thing about IBM is that investor are rolling out of new tech and into old tech which means stocks like IBM and INTC are being bought by the big guys.

The first time we bought a put on September 18th in front of earnings. The put cost $3.40 and was sold for $9.40 resulting in a gain of $6.00. This reduced our cost by $6. The October put lowered our cost by another $3.55. We did not hedge the January earnings report and the stock fell from $190 to $173 before its recent climb and we realize this was a mistake that could have helped further lower our cost.

The put bought today, May IBM $195 has a pre-market cost $4.45 this morning. We will adjust on the open at 10:00 a.m. EDT and send out an alert.

As a result of these past actions, we are up 9.07%. Remember we can hedge with a put around earnings. Poor price action can lead us to buying a put as well as a prior history of missing on earnings estimates.

 

Bank of America Puts Up A Mixed Number

Bank earnings have been mixed so far. Last week J.P. Morgan (JPM) sold off on mixed results and Wells Fargo (WFC) had decent results but sold off with the market. This morning Bank of America (BAC) had mixed results.

Bank of America

 

Retracements Updated

Last Tuesday we noted that the S&P 500 and other indexes have had a nice run that is very typical of up moves seen since 2013. From February 3rd to April 2nd the S&P 500 moved up by 8.55% and the average move was 8.03%. In the last week, stocks and the indexes we track have seen more weakness so an update is needed.

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Now we can look at the average move down. Through Friday’s close the S&P 500 fell by -3.98%. The average is -4.31%. So we are getting close to the average. Meanwhile the NASDAQ Composite fell by -8.22%. Clearly, this has been a NASDAQ rout.

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So the $64,000 question investors still need to consider is, “Has the current move run its course?” For these we look at the typcial retracment that would occur. We noted last week, “… at a minimum we are heading to 1836.40 which is the 38.2% retracement.” We have gotten that and then some.

 

Several Economic Events On Tap Today

Tuesday will see four economic events of note that will impact markets. Two will occur befor the market opens at 8:30 and 8:45 a.m. EDT. Two will occur at 10:00 a.m. EDT. Pay attention to futures pre-market and major indexes at 10:00 a.m. EDT for reaction.

Big Day Ahead

 

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

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