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Options

What's Trading: Bed, Bath and Beyond Earnings


 

CBOETV - Peter Lusk, Senior Instructor, CBOE Options Institute, details a bull call spread in BBBY ahead of AMC earnings

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies are available from your broker, or at www.theocc.com. The information in this program is provided solely for general education and information purposes. No statement within the program should be construed as a recommendation to buy or sell a security or to provide investment advice. The opinions expressed in this program are solely the opinions of the participants, and do not necessarily reflect the opinions of CBOE or any of its subsidiaries or affiliates. You agree that under no circumstances will CBOE or its affiliates, or their respective directors, officers, trading permit holders, employees, and agents, be liable for any loss or damage caused by your reliance on information obtained from the program.

Copyright © 2016 Chicago Board Options Exchange, Incorporated.   All rights reserved.

This video is from CBOE and is being posted with CBOE’s permission. The views expressed in this article are solely those of the author and/or CBOE and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


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Options

Vol411: Traders Square Positions Ahead of Vix Expiration


 

CBOETV - Kevin Davitt, Senior Instructor, CBOE Options Institute, discusses indices near all-time highs; September puts and November calls ahead of Fed meeting

 

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies are available from your broker, or at www.theocc.com. The information in this program is provided solely for general education and information purposes. No statement within the program should be construed as a recommendation to buy or sell a security or to provide investment advice. The opinions expressed in this program are solely the opinions of the participants, and do not necessarily reflect the opinions of CBOE or any of its subsidiaries or affiliates. You agree that under no circumstances will CBOE or its affiliates, or their respective directors, officers, trading permit holders, employees, and agents, be liable for any loss or damage caused by your reliance on information obtained from the program.

Copyright © 2016 Chicago Board Options Exchange, Incorporated.   All rights reserved.

This video is from CBOE and is being posted with CBOE’s permission. The views expressed in this article are solely those of the author and/or CBOE and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


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Stocks

Nasdaq Market Intelligence Desk - Equity Market Insight September 19, 2017


As of 11:45AM est:

NASDAQ Composite +0.05% Dow +0.09% S&P 500 +0.10% Russell 2000 -0.13%

NASDAQ Advancers: 10.5 Decliners: 1163

Today’s Volume (100 day avg) 5%

US stocks are little changed this morning, while Crude Oil continues to make its move higher and the Fed starts its 2-day meeting. A potential merger in the Telecom sector has the group the top performer, as Healthcare (-0.7%) and Real Estate (-1.2%) are bring up the rear.

·         The deadlock in Washington DC and investors fleeing the Trump-trade has the US Dollar Index hanging around its 33 month low. Tomorrow afternoon, traders will likely hear about a balance sheet reduction plan from the Fed, while the probability of a rate hike at the December meeting remains above 50%. The reduction plan might not move the needle much, but the comments about the outlook for the US economy should give traders enough substance for some volatility in the currency market.  

·         President Trump spoke in front of the United Nations this morning, addressing the issue of some rogue nations and the magnitude of their pursuits of nuclear weapons. The President referred to Kim Jong-Un as “Rocket Man” and if the weapons dispute continues, it would lead to war, and he stated “we will have no choice but to totally destroy North Korea.” The comments had very little effect on the markets, as investors appear to be less uncomfortable with the war conversation.

·         Sprint (+7.8%) and T-Mobile (+4.2%) are in early stages of a merger, with Deutsche Telekom (owns 64% of T-Mobile) having the control of the combined companies. Details about the deal are still a few weeks away, but it hasn’t stopped traders from hit buy buttons, as both stocks are the top gainers on the Russell 1000.

Nasdaq's Market Intelligence Desk (MID) Team includes: 

Michael Sokoll, CFA is a Senior Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over 25 years of equity market experience. In this role, he manages a team of professionals responsible for providing NASDAQ-listed companies with real-time trading analysis and objective market information.

Jeffrey LaRocque is a Director on the Market Intelligence Desk (MID) at Nasdaq, covering U.S. equities with over 10 years of experience having learned market structure while working on institutional trading desks and as a stock surveillance analyst. Jeff's diverse professional knowledge includes IPOs, Technical Analysis and Options Trading.

Steven Brown is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over twenty years of experience in equities. With a focus on client retention he currently covers the Financial, Energy and Media sectors.

Christopher Dearborn is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq. Chris has over two decades of equity market experience including floor and screen based trading, corporate access, IPOs and asset allocation. Chris is responsible for providing timely, accurate and objective market and trading-related information to Nasdaq-listed companies.

Brian Joyce, CMT has 16 years of trading desk experience. Prior to joining Nasdaq Brian executed equity orders and provided trading ideas to institutional clients. He also contributed technical analysis to a fundamental research offering. Brian focuses on helping Nasdaq’s Financial, Healthcare and Airline companies among others understand the trading in their stock. Brian is a Chartered Market Technician.

This article is from Nasdaq and is being posted with Nasdaq’s permission. The views expressed in this article are solely those of the author and/or Nasdaq and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


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Technical Analysis

Investors take Aim on Small Caps


Technical Take:

Equity indices are relatively muted ahead of tomorrow’s highly anticipated FOMC meeting.  With less than two weeks to go in the quarter, the Q3 performance of the major indices mirrors all of 2017 with the Nasdaq 100 and Composite indices again leading versus the large cap DJIA and S&P 500, as well as the small cap Russell 2000.   However, more recently in September leadership is transitioning to the small caps with the Russell 2000 +2.5% MTD while the Nasdaq indices are each relatively flat as they consolidate prior gains.  The small caps have a lot of catching up to do with YTD returns in the mid-single digits and 2017 being their largest underperformance relative to the Nasdaq 100 since 2009.   

Nasdaq's Market Intelligence Desk (MID) Team includes: 

Michael Sokoll, CFA is a Senior Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over 25 years of equity market experience. In this role, he manages a team of professionals responsible for providing NASDAQ-listed companies with real-time trading analysis and objective market information.

Jeffrey LaRocque is a Director on the Market Intelligence Desk (MID) at Nasdaq, covering U.S. equities with over 10 years of experience having learned market structure while working on institutional trading desks and as a stock surveillance analyst. Jeff's diverse professional knowledge includes IPOs, Technical Analysis and Options Trading.

Steven Brown is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq with over twenty years of experience in equities. With a focus on client retention he currently covers the Financial, Energy and Media sectors.

Christopher Dearborn is a Managing Director on the Market Intelligence Desk (MID) at Nasdaq. Chris has over two decades of equity market experience including floor and screen based trading, corporate access, IPOs and asset allocation. Chris is responsible for providing timely, accurate and objective market and trading-related information to Nasdaq-listed companies.

Brian Joyce, CMT has 16 years of trading desk experience. Prior to joining Nasdaq Brian executed equity orders and provided trading ideas to institutional clients. He also contributed technical analysis to a fundamental research offering. Brian focuses on helping Nasdaq’s Financial, Healthcare and Airline companies among others understand the trading in their stock. Brian is a Chartered Market Technician.

This article is from Nasdaq and is being posted with Nasdaq’s permission. The views expressed in this article are solely those of the author and/or Nasdaq and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.  


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Technical Analysis

Central Bank Policy Shifting Beneath Our Feet


·       Fed balance sheet drain is likely coming, and while this process will start very slowly, once begun it will be hard to disengage the “autopilot” path. The ECB taper discussion is ongoing, BoE is considering a hike, and China will likely be more inclined to make significant policy changes after the Oct 18 Politburo reshuffle.

·       Inflation is not dead with U.S. import prices up +0.6% m/m in Aug. Market odds of a Dec Fed rate hike are back above 50%.

·       With rates still low, U.S. housing continues to take 2 steps forward and 1 back, with housing starts down -0.8% m/m in Aug, though July was revised higher.  Hurricane effects will continue to make U.S. data volatile.

·       Global risk including N. Korea looks to have stopped intensifying for now, with the S. Korea KOSPI turning back up.

Financial Conditions Still Not Showing Stress

 

Fed Balance Sheet Decline, ECB Taper, and a U.K. Hike Coming Soon?


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The material (including articles and commentary) provided on IB Traders' Insight is offered for informational purposes only. The posted material is NOT a recommendation by Interactive Brokers (IB) that you or your clients should contract for the services of or invest with any of the independent advisors or hedge funds or others who may post on IB Traders' Insight or invest with any advisors or hedge funds. The advisors, hedge funds and other analysts who may post on IB Traders' Insight are independent of IB and IB does not make any representations or warranties concerning the past or future performance of these advisors, hedge funds and others or the accuracy of the information they provide. Interactive Brokers does not conduct a "suitability review" to make sure the trading of any advisor or hedge fund or other party is suitable for you.

Securities or other financial instruments mentioned in the material posted are not suitable for all investors. The material posted does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before making any investment or trade, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice. Past performance is no guarantee of future results.

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