Chart of the Day – $SPY Games


Earlier today there was a large trade in the SPY that caught my eye, where a buyer paid $2.23 for 45,000 June quarterly 190 puts to open when the etf was $191.24.  This is most likely a hedge against … [Read more...]

Too Many Options: T, DTV, AZN, EWZ, DXJ


Lightest options volume of the year, with even SPY options trading only about 60% of average volumes.  The single stock options market was dominated by names involved in M&A activity. 1.  T … [Read more...]