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August 6, 2013 by Enis • Commentary

Today’s flows were dominated by macro-related instruments. VIX – Over 1 million VIX calls traded today, dominated by 2 structures.  Buyer of 200k of the Sept 17/27 call spread for around $0.695.  Likely same trader sold …

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August 6, 2013 by Enis • Commentary

Event:  TSLA reports their fiscal Q2 earnings on August 7th after the close.  The options market is implying about a 12.5% one day move, which is above both the 4 qtr avg of about 11.25% …

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August 6, 2013 by Enis • Commentary

I previewed CF earnings yesterday (below – report is after the close today).  The stock piqued my interest after Dan Loeb’s Third Point announced a stake last Monday, and then the potash cartel broke up …

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August 6, 2013 by Dan • Commentary

MorningWord 8/6/13:  In this space yesterday I discussed the relative out-performance of Web 2.0 stocks vs their brothers from another bubble (here), and what the frothy price action could mean at this stage of the …

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