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If the end in site for TLT volatility use an Unzipped Butterfly
Ben Bernanke testified before Congress yesterday and said things were not too bad but could be better. He thought that both sides getting together to simplify the tax code would be great. One can...
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Will SLV volatility take another leg down?
After the “Goldilocks” NFP report on Friday the equity market held up pretty well considering the rip we had on Friday. In what is getting familiar Japan was up, Europe stable and the surprise news is...
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A different kind of print in DDD
As a young floor trader back in the old paper days there was always a need to put the trades on the “tape”. As in “the customer needs to see a print.” Hard to believe that it was such a big deal but...
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Endless Summer for TLT?
The Fed will release some information by Wednesday that most likely will tell us that they are going to stay the course which isbuying bonds for now with an eye toward easing in the future that is now...
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Will crude keep gushing?
Alcoa has the record today for adding the most market cap to broad market equity prices following just a ho hum earnings report. With a shortage of news and not much happy going on in Europe the only...
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Are the Fed tentacles shrinking?
I guess the little snapshot on the blog says it all. For the last two years the market has been at the mercy of the next Fed announcement. “Are they going to save us again?” Like the big spider in...
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Big rally so the market defies gravity?
Big rally so the market defies gravity? What a difference a day makes. The relatively subdued moves yesterday gave way to an explosion after the close when the market decided Big Ben has some teeth...
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Flat Skew into FB earnings
The earnings season has been a mixed bag so far. Mark commented about it on CNBC yesterday morning and the fact that IV is not really taking off. VXX is making year lows today and the IV in the SVXY...
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Skew inversion for FB
Today we have another sleepy day moving into the weekend. As I write this VIX Is up about .18 to 13.15 but probably will not be there for long with the volatility futures hovering just up for the day....
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MSFT to spend billions and billion of dollars!
A client of ours sent me a stat that said, “Only 2 down days in last 14 for SPX leading into the official end of q/e........un-freakin -real!” I have to share that sentiment. While I have not been...
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A volatility crush on the upside
ATTENTION: Last chance! The Options Insider and Option Pit are co-sponsoring a special one day event. Read about it here.Despite the headwinds of the Shutdown and the rollout of Obamacare, employers...
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Vol sinks and could go lower
Don't miss our webinar in March- How to sell puts in an ugly market. There is little doubt that stocks are a different beast at the start of 2014. As we look at the VIX tank this morning, the index is...
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Skew might be at a short term peak
I am of the belief that politics will trump economics when it comes to the stock market. What I mean is, one politician can do more to destroy (or help, but rarely) an economy with the stroke of a pen...
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That is not Sputnik, it is the VIX
The VIX kept winding its way higher and skew keeps winding its way higher. Stocks in general today were a mixed bag, with the SPX down .3% or so. The darlings got hit (FB, PCLN), but a good chunk of...
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They crushed the VIX, right?
Well, like the Greek referendum in 2012, they came, they voted and stocks rallied. I am talking about the Crimean’s who don’t seem to want anything to do with the rest of Ukraine. How it all shakes...
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