Author: Jay Soloff

Trade of the Week: Volatility

Trade of the Week: Volatility

Volatility is back to high levels after the Fed sounded increasingly hawkish after last week’s FOMC meeting. At least one volatility ETF, the ProShares VIX Short-Term Futures ETF (VIXY), saw an unusual increase in options volume during the period. However, it seems there was a fair amount of put buying, suggesting traders believe volatility may […]

What Is This Mega Options Spread Predicting for PTON?

What Is This Mega Options Spread Predicting for PTON?

A large block trade was placed last week in the beleaguered exercise equipment maker, Peloton (PTON). The 30,000 contract diagonal call spread may suggest there is some medium-term upside in the stock.  The trade also implies there is a limit to how high the stock may climb over the next year and a half. The […]

Trade of the Week: Steel

Trade of the Week: Steel

The steel industry showed up on the unusual options volume radar last week, with both United States Steel (X) and Nucor (NUE) near the top of the list.  NUE preannounced much lower than expected earnings, and X was expected to follow suit. At least some traders were snatching up blocks of short-term X puts, possibly […]

What’s the Purpose Of A 1-Day QQQ Trade?

What’s the Purpose Of A 1-Day QQQ Trade?

It’s not often that you see a large options block trade open up with only a day until expiration. Yet, that is what occurred last week in Invesco QQQ Trust (QQQ), the extremely popular Nasdaq 100 ETF. The trade appears to be a one-day covered call that generated over $5 million in premiums collected from […]

Trade of the Week: GSAT

Trade of the Week: GSAT

On a slow day for options trading, Globalstar (GSAT) traded over 200,000 contracts, or 31x its normal volume. The satellite communications company experienced volatile trade as investors awaited news of a deal with Apple (AAPL).  GSAT will be providing satellite communication capabilities with some new AAPL products. At least one of the largest GSAT block […]

Is NVDA Headed Even Lower?

Is NVDA Headed Even Lower?

Popular chipmaker Nvidia (NVDA) saw its share price drop nearly 8% in a day last week. News came out that the company wouldn’t be able to export some chips to China.  A trader used the opportunity to buy over $4 million worth of April 2023 puts. Although this was a very large put purchase, it’s […]

Trade of the Week: SNAP

Trade of the Week: SNAP

Snap (SNAP) is a popular social media company that has struggled in recent months. The company recently announced it would be cutting 20% of its workforce, which sent the share price up about 9% at the time. A strategist used the opportunity to place what looks like a long-term covered call. It was a 5,000-lot […]

A New Solution to Your #1 Trading Fear

A New Solution to Your #1 Trading Fear

If you want to stop worrying about using the wrong trading strategy… picking good stocks… and this unpredictable market… Then you need this brand new trading plan. You see, The Wall Street Journal reports, “This Could be a Lost Decade for Stocks.” And many options traders will be left in the dust! That’s because most […]

Trade of the Week: PTON

Trade of the Week: PTON

The share price of Peloton (PTON) has taken a massive beating after being a darling of the Covid era.  The exercise bike maker has struggled to appease investors as sales growth has slowed. However, investors liked a new deal between PTON and Amazon (AMZN) last week, which sent the shares up 20%. A bullish block […]