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More relative low volatility today, but the major indices are beginning to show some weakness and slowly move lower. The VIX and VXN are both moving higher, even with the lack of a dramatic move. This may indicate a rise in the average implied volatility of the S&P and NASDAQ.
Options trading [...]
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The NASDAQ , S&P 500 and Dow Jones are all struggling to maintain the anemic rally that has ensued for the past 1.5 weeks. Volume continues to dissipate in most major indices, SPY’s 14 day volume simple moving average has been on a downtrend since early-mid February.
Today’s options action has been [...]
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Yesterday, the OptionsHouse Hotlist picked up huge action in the American International Group (AIG $26.92 +3.78). This stock rocketed more than 16% after the company stated it is in talks to sell assets; possibly to pay back a portion of its debt to the government. This initially sent shares only slightly higher. However, the buying [...]
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Since AIG does not announce earnings this week, it appears that the one week options have come in considerably decayed. The October 37 strike puts have traded over 11,000 contracts today – the majority at a price of 10 cents. One dime!
Granted they are 7 dollars out of the money but are [...]
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AIG American International Group is already up 26% with the news that the company expects to repay money issued during the recent government bailout. This news seems to be generating a positive impact on the market as a whole as well with a spike in overall activity. AIG CEO Robert Benmosche was quoted earlier today [...]
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