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VIX down -3% as Equities look for support

Oct 29, 2018

Options Market Commentary

Stocks started the day strong, however technology shares have since faltered bringing stocks in general well off earlier highs. Amazon is especially weak, -4.3% in what appears to be a rotation out of the largest online retailer and into traditional retailers (Macy’s +5%, Target +3%, Kohls +3%). Currently, the S&P is +.4%, The Russell is +.55%, and the Nasdaq is -.55%. Energy is weak with WTI crude -.7% and Energy stocks lower XOP -1.2% and XLE -.2%. Bonds are modestly to the downside. Financials are notably strong with XLF +1.9% and KRE +2.8%. Volatilities are mixed to higher with the VIX +.3% to 24.23, RVX +.7% to 28.85, and VXN +2.3% to 30.55.

 

ETF 30D Volatility Changes

SPY:         -3%

IWM:       -2%

QQQ:       unch

 

Directional Options Strategies

Bullish Option Strategies

F Buyer 25,000 Dec 10 call options (ref. 9.47)

PG Seller 20,000 Jan 77.5 call options (closing) to Buy 20,000 Apr 95 call options (rolls up and out, ref. 89.27)

EA Buyer 13,250 Mar 105 call options (ref. 95.74)

 

Bearish Option Strategies

GNW Buyer 9,000 Mar 3.5 put options (Earnings 10/30, ref. 4.29)

FDC Seller 5,000 Nov 21 put options (closing) to Buy 10,000 Nov 19 put options (ref. 19.33)

GM Seller 5,000 Nov 2nd 34.5 call options to Buy 5,000 Nov 2nd 32.5 put options (Earnings 10/31, ref. 33.72)

 

Macro Options Strategies

Bullish Option Strategies

FXI Buyer 20,000 Dec 42 – 45 call options spreads (ref. 38.96)

EEM Seller 10,200 Nov 36 put options (ref. 38.90)

EWW Seller 5,000 Nov 42 put options to Buy 5,000 Nov 46.5 call options (ref. 44.28)

 

Bearish Option Strategies

QQQ Seller 16,500 Dec 165 put options to Buy 10,000 Jan 157 put options (ref. 169.00)

QQQ 35,250 Jan 165 – 150 put options spreads trade (ref. 169.52)

EWZ 12,300 Nov 2nd 40 put options trade (ref. 40.76)

EWZ Buyer 10,000 Dec 39 put options (ref. 40.69)

EWZ 20,000 Dec 38 put options trade (ref. 40.13)

VIX 33,600 Mar 37.5 call options trade (ref. 19.52)

 

 

Finance Trades Options Strategies

IQ 6,000 Dec 22.5 RevCons trade (ref. 21.97)

SPY 10,500 Dec 290 RevCons trade (ref. 270.21)

 

 

 

Upcoming Earnings

 

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Underlying Earnings Date Imp Move Historical Move Cheap vs Expensive Quantamize Rating Average Daily Vega
TREX 10/29/2018 12.6 12.0 5.6% B 3,078
OLN 10/29/2018 7.2 3.7 95.6% B 2,739
WING 10/29/2018 11.8 9.2 28.5% C 11,638
MDLZ 10/29/2018 3.9 3.3 20.2% C 51,397
CLR 10/29/2018 6.1 4.3 41.1% C 13,918
CACC 10/29/2018 9.3 6.6 40.3% C 5,550
AMED 10/29/2018 11.9 6.4 86.9% C 4,061
ARE 10/29/2018 2.7 2.0 36.2% D 2,923
VNO 10/29/2018 3.0 1.9 56.6% C 2,643
AVB 10/29/2018 3.1 1.6 91.1% C 15,964
AKAM 10/29/2018 8.6 7.3 17.8% B 11,157
KLAC 10/29/2018 7.0 3.6 92.9% B 8,212
EXP 10/30/2018 7.1 4.0 76.1% B 4,069
MAS 10/30/2018 5.4 4.3 26.6% B 10,614
VMC 10/30/2018 7.7 4.6 68.1% B 17,782
HUN 10/30/2018 7.1 3.3 117.1% B 10,744
ECL 10/30/2018 4.3 1.1 287.3% C 9,710
AMT 10/30/2018 2.2 1.6 37.2% C 30,705
TMUS 10/30/2018 4.3 3.5 20.3% C 16,606
AN 10/30/2018 5.9 4.5 32.2% C 2,558
UAA 10/30/2018 10.8 11.6 -7.1% F 6,696
NTRI 10/30/2018 13.3 12.3 8.2% C 5,375
SFLY 10/30/2018 13.5 11.2 19.9% D 10,876
EAT 10/30/2018 8.4 3.9 115.3% C 2,987
CAKE 10/30/2018 8.1 5.7 41.4% C 8,128
LL 10/30/2018 19.8 16.5 20.4% F 2,991
TPR 10/30/2018 8.5 10.2 -17.4% C 15,887
EBAY 10/30/2018 7.7 7.0 10.0% D 87,066
MGM 10/30/2018 6.2 3.9 59.4% D 52,711
KO 10/30/2018 2.7 1.3 102.1% B 136,915
HLF 10/30/2018 8.8 6.3 39.4% C 10,244
BGS 10/30/2018 10.2 7.9 30.0% B 5,486
APC 10/30/2018 4.9 3.0 65.5% D 77,644
CXO 10/30/2018 5.8 3.0 93.3% D 35,362
WLL 10/30/2018 8.2 9.2 -11.4% F 14,398
OKE 10/30/2018 3.8 2.3 66.5% B 22,806
BHGE 10/30/2018 7.1 1.8 292.9% F 77,483
MDR 10/30/2018 13.8 6.2 124.6% C 15,467
MA 10/30/2018 4.0 2.3 74.7% A 341,789
MKL 10/30/2018 3.1 1.9 61.9% B 5,946
AMGN 10/30/2018 4.4 2.0 115.6% C 167,787
ARRY 10/30/2018 11.2 8.0 39.8% F 4,208
INCY 10/30/2018 5.8 2.5 132.7% D 10,607
CLVS 10/30/2018 10.0 6.3 57.7% D 9,285
BPMC 10/30/2018 9.8 5.9 65.0% F 4,310
PFE 10/30/2018 2.8 2.0 35.9% B 170,072
AGN 10/30/2018 4.0 2.7 47.8% C 101,301
AET 10/30/2018 2.0 1.2 67.9% C 29,235
WCG 10/30/2018 7.4 5.1 44.3% C 10,194
HCA 10/30/2018 5.3 3.0 76.7% B 25,138
EXAS 10/30/2018 15.3 12.5 21.8% F 49,423
GPN 10/30/2018 6.3 3.6 73.9% C 5,909
FLT 10/30/2018 6.8 5.9 15.6% A 9,091
ARNC 10/30/2018 9.1 9.0 0.9% D 39,423
CMI 10/30/2018 4.9 3.8 29.8% B 38,248
GE 10/30/2018 8.8 2.7 231.8% F 463,168
AOS 10/30/2018 6.1 2.2 178.2% B 3,850
XYL 10/30/2018 5.0 4.0 26.1% B 5,718
CHRW 10/30/2018 6.9 4.3 58.9% B 30,985
WAB 10/30/2018 6.4 4.3 49.8% C 2,178
WELL 10/30/2018 2.8 2.9 -5.1% C 7,625
PSA 10/30/2018 3.8 3.4 12.0% C 14,001
BXP 10/30/2018 3.1 1.9 65.8% D 2,789
EA 10/30/2018 6.9 5.3 30.8% D 352,251
CTSH 10/30/2018 5.6 4.3 30.6% B 17,258
FEYE 10/30/2018 11.0 9.0 22.8% D 16,518
PAYC 10/30/2018 13.1 8.7 50.6% B 13,340
ZEN 10/30/2018 10.1 8.6 17.2% D 4,224
DDD 10/30/2018 19.7 15.1 30.5% F 5,365
FB 10/30/2018 7.6 6.5 16.1% C 2,545,400
IPGP 10/30/2018 7.3 10.2 -28.9% C 3,887
MXIM 10/30/2018 4.2 3.7 11.1% C 4,807
VSH 10/30/2018 6.9 4.0 73.7% B 6,831
PEG 10/30/2018 1.4 1.7 -18.2% C 3,467
CF 10/31/2018 5.6 6.0 -6.6% D 21,166
RGLD 10/31/2018 5.0 2.9 74.9% C 11,696
S 10/31/2018 3.9 6.2 -37.6% D  
GM 10/31/2018 5.8 2.9 102.8% D 180,354
DIN 10/31/2018 10.5 5.1 104.5% A 3,389
YUM 10/31/2018 4.5 3.7 24.0% C 14,735
SGMS 10/31/2018 20.5 9.8 109.7% D 12,664
CZR 10/31/2018 8.4 3.7 124.8% D  
HGV 10/31/2018 6.1 1.7 256.6% B 3,553
TAP 10/31/2018 6.0 4.7