Unusual Options

One Way To Trade CSCO After It Missed Earnings

One Way To Trade CSCO After It Missed Earnings

Networking giant Cisco Systems (CSCO) dropped 5% the day after earnings were released last week.  The company’s’ guidance was disappointing to investors and revenues were lower than expected.  However, one trader used this opportunity to enter a covered call trade.  The trader purchased 1.35 million shares of CSCO (at $51.77) while selling 13,500 calls that […]

Trade of the Week: INTC

Trade of the Week: SLV

Last week was a big option week for iShares Silver Trust (SLV).  The popular physical silver ETF got a boost as inflation concerns bubbled to the surface following a larger than expected jump in CPI.  Over 460,000 options traded in one day last week, with calls making up nearly 90% of the volume.  Calls tend […]

Trade of the Week: INTC

Trade of the Week: Airlines

Looking at block trades and unusual options volume can be very enlightening. For instance, a big trade in US Global Jets ETF (JETS) can possibly give us clues towards what to expect for the airline industry in November. By looking closely at what trades hit the tape, you can often determine if a strategist is bullish or […]