Monday, February 28, 2011

$PDLI Aqumin Midday Update 02/28/2011

This midday view helps identify stocks that are gapping up or down and might present opportunities for the next day’s open.

Midday View PDLI 02282011

Focus: Biotechnology

PDLI is UP 13.99 % for the day (News and Earning Expectations) in a Subsector that is the performing in the back of the market. PDLI has a 9.6 pt. change in 2nd month At the Money Implied Volatility. Of note, PDLI reached a short term (3 month) high in 30 Day 25 Delta Call Implied Volatility.

Use the 2nd Month IV and Stock Price up or down on the day View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use MidVol Change to assess per strike volatility in the Option Landscape.

$CDE Aqumin Opening Update 02/28/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View CDE 02282011

Focus: Mining

CDE is up 9.5% today (1:28 ET) on a good earnings report with the Mining Stocks the #2 Subsector currently. CDE is trading highest for the Miners today. CDE 2ND Month At the Money Implied Volatility is down 2.8 points today.

Use the Opening View in the View Library in AV Pro to follow the morning activity and throughout the day. Use the MidVol Change View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Friday, February 25, 2011

$PANL Aqumin Midday Update 02/25/2011

 

This midday view helps identify stocks that are gapping up or down and might present opportunities for the next day’s open.

Midday View PANL 02252011

Focus: Electronic Components and Equipment

PANL is UP 5.3 % for the day in the Electronic Component and Equipment Subsector.  That Subsector is the 3rd worst performer of the day. PANL has a 1.3 pt. change in 2nd month At the Money Implied Volatility. Of note, PANL reached a short term (3 month) high in 30 Day 25 Delta Call Implied Volatility today.

Use the 2nd Month IV and Stock Price up or down on the day View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use MidVol Change to assess per strike volatility in the Option Landscape.

$OVTI Aqumin Opening Update 02/25/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Open View OVTI 02252011

Focus: Semiconductors

OVTI is up 25% today (1:28 ET) with the Semiconductors the #2 Subsector currently. OVTI is trading highest for the Semiconductors today. OVTI 2ND Month Implied Volatility is down 9.6 points today. Note the amount of “red” in the AlphaVision Landscape- option implied volatilities are dropping sharply across the market in the 2nd Month.

Use the 2nd Month IV and Stock Price up or down on the day View in the View Library in AV Pro to follow the morning activity and throughout the day. Use 14 Day MidVol Outlook View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Thursday, February 24, 2011

$UCO $SGY Aqumin Opening Update 02/24/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View UCO 02242011

Focus: Commodity Funds

STO is up 9.2% this morning (9:39 ET) with Oil and Gas the #1 Subsector on the open today. UCO opened highest for the Commodity Funds this morning. UCO 30 Day Implied Volatility is close to double its lows for the year (74v vs. 38v).

Use the Cheap Implied Volatility 30 Day View in the View Library in AV Pro to follow the morning activity and throughout the day. Use 14 Day MidVol Outlook View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Wednesday, February 23, 2011

$SA Aqumin Midday Update 02/23/2011

 

This midday view helps identify stocks that are gapping up or down and might present opportunities for the next day’s open.

Midday View SA 02232011

Focus: Mining

SA is UP 6.5% for the day. SA has a negative skew in the 2nd month 25 delta Call/Put of -6.6 pts. with the OTM calls trading at a slight premium. The Mining Subsector was the #2 performing Subsector for the day

Use the Largest Skew View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use MidVol Change to assess per strike volatility in the Option Landscape.

A Bull market somewhere…

An old saying goes, “there is always a bull market somewhere.” What is notable for me as a volatility trader is the size and speed of how that new bull market materializes. On a day like the February 22nd when most of the equity market went to pot what sprouted among the ashes?

For a look at the 3200 or so stocks, indexes and ETF’s that have listed options the market looked a lot like this (see below) on the close. This is a snapshot of an Aqumin Landscape View, Cheap Implied Volatility 30 Day, showing both Percentage Price Change on the Day and the Ratio of 30 Day Implied Volatility to the lows of the year (note the chart of the VXX 30 Day Implied Volatility for the 25 delta call in the lower right chart). Essentially tall, red buildings are very near their 30 Day Implied Volatility lows of the year and had a banner day on February 22nd. (www.aqumin.com)

2-23-2011 9-05-45 AM

What was the standout? That old victim of the perpetual VIX future roll the short term VIX future ETF, the VXX. The solid selloff caused the biggest move that ETF has seen in a longtime; more than a 10% jump in price and option Implied Volatility. The other giant building on the far left of the landscape is the EDZ (Direxion Daily Emerging Markets Bear 3x ETF) in the Asset Allocation Subsector.

The Bull Market for February 22nd was in Volatility Assets and Inverse Index Funds (well most of it). This jump in these names was just the first shot of two financial products coming off of near 1 year lows in both Price and Volatility on a day when world events took center stage. The real question is whether these are sustainable new mini-bull markets in these products. If the addled Mr. Gadhafi gets the hook like the much more genteel Mr. Mubarak, the bull market in these two names will be short indeed.

Tuesday, February 22, 2011

$VXX Aqumin Midday Update 02/22/2011

 

This midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View VXX 02222010

Focus: Equity Funds

VXX is UP 12.35% for the day. VXX is 6% off of its IV30 lows for the year and was the number 1 performing Equity Index Fund for the day

Use the Cheap Implied Volatility 30 Day View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use MidVol Change to assess per strike volatility in the Option Landscape.

$GLD Aqumin Opening Update 02/22/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View GLD 02222010

Focus: Commodity Funds

GLD is up 1.23% this morning (9:39 ET) with the Commodity Funds the #1 Subsector on the open today. GLD’s 30 Day Implied Volatility is only 7% off of its lows for the year.

Use the Cheap Implied Volatility 30 Day View in the View Library in AV Pro to follow the morning activity and throughout the day. Use 14 Day MidVol Outlook View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Friday, February 18, 2011

$MAKO Aqumin Opening Update 02/18/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View MAKO 02182011

Focus: Healthcare Products

MAKO is up 7.23% this morning (10:39 ET) with multiple large gainers today. MAKO’s 30 Day Implied Volatility is 8% off of its lows for the year.

Use the Cheap Implied Volatility 30 Day View in the View Library in AV Pro to follow the morning activity and throughout the day. Use 14 Day MidVol Outlook View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Thursday, February 17, 2011

$TSLA Aqumin Midday Update 02/17/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View TSLA 02172011

Focus: Auto Manufactures

TSLA is DOWN -4.59% for the day. TSLA 2nd Month Implied Volatility is up 3.57 pts. and is the largest move in the Auto Manufactures SubSector

Use the Stock and Option Price Movement View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use MidVol Change to assess per strike volatility in the Option Landscape.

$CCME Aqumin Opening Update 02/17/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Morning View CCME 02172011

Focus: Advertising

CCME is up 14.23% this morning (9:39 ET) with multiple large gainers today. CCME’s 30 Day Implied Volatility was trading at a 58% discount to the 14 day Historical prior to the opening.

Use the Option Volatility Outpacing the Short Term Stock Volatility View in the View Library in AV Pro to follow the morning activity and throughout the day. Use 14 Day MidVol Outlook View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Wednesday, February 16, 2011

$WNR Aqumin Opening Update 02/16/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

20110116b

Focus: Oil & Gas

WNR is up over 6% this morning (9:39 ET) on a moderately strong market opening. 2nd Month Implied Volatility change is close to flat for the opening.

Use the Stock and Option Price Movement View in the View Library in AV Pro to follow the morning activity and throughout the day. Use MidVol Change View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

By:  Jason Javarone

Tuesday, February 15, 2011

$LPHI Aqumin Midday Update 02/15/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View 02152011

Focus: INSURANCE

LPHI is DOWN -7.65% for the day and hit a 52 Week low. LPHI 2nd Month Implied Volatility soared 25.75 pts and is the largest move in the Insurance Subsector

Use the Stock and Option Price Movement View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use MidVol Change to assess per strike volatility in the Option Landscape.

$WYN Aqumin Opening Update 02/15/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View WYN 02152011

Focus: Lodging

WYN is up 5.3% this morning (9:39 ET) on a lackluster opening. 2nd Month Implied Volatility change is flat for the opening. Mining is the number 2 opening Subsector this morning.

Use the Stock and Option Price Movement View in the View Library in AV Pro to follow the morning activity and throughout the day. Use MidVol Change View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Monday, February 14, 2011

$BSQR Aqumin Midday Update 02/14/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View BSQR 02142011

Focus: SOFTWARE

BSQR is up 10.71% for the day. BSQR 2nd Month Implied Volatility is up most for the Software Subsector at 5.1 pts. Earnings are expected March 3

Use the Stock and Option Price Movement View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use MidVol Change to assess per strike volatility in the Option Landscape.

$ENOC Aqumin Opening Update 02/14/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View ENOC 02142011

Focus: Electric

ENOC is down 8.8% this morning (9:39 ET) on a lackluster opening. 1 Week change in 30 Day Implied Volatility is UP 29 pts. and ENOC is down 24.3% for the week.

Use the 1 Week Change in Stock and Option Implied Volatility View in the View Library in AV Pro to follow the morning activity and throughout the day. Use MidVol Change View to assess per strike volatility in the Option Landscape. The landscape was filtered to show all option classes that trade over 200 contracts per day.

Friday, February 11, 2011

$AKAM Aqumin Midday Update 02/11/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View AKAM 02112011

Focus: Internet

AKAM is down -13% for the week. AKAM’s HV10 leapt 22pts over HV30 on the move down this week as a result of poor Earnings Expectations.

Use the Dead Money View to identify other stocks exhibiting similar patterns in the View Library in AV Pro. Use 30 or 60 Day MidVol Outlook to assess per strike volatility in the Option Landscape.

$CCME Aqumin Opening Update 02/11/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Open View CCME 02112011

Focus: ADVERTISING

CCME is down 1.1% this morning (9:46 ET) on a lackluster opening. 1 Week change in 30 Day Implied Volatility is down 77 pts. and CCME is down 4.2% for the week.

Use the 1 Week Change in Stock and Option Implied Volatility View in the View Library in AV Pro to follow the morning activity and throughout the day. Use MidVol Change View to assess per strike volatility in the Option Landscape. The landscape was not filtered to show all option classes.

Thursday, February 10, 2011

$CBOE $NDAQ Aqumin Midday Update 02/10/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View 02102010 CBOE

Focus: Div Financial Services

CBOE is up 12.83% for the week with NDAQ up 6.3% for the week. The NDAQ 30 day Implied Volatility is up 7.5% vs. CBOE up 6%.

Use the 1 Week Change in Stock and Option Implied Volatility Pricing View in the View Library in AV Pro to follow this name. Use 14 Day MidVol Outlook to assess per strike volatility in the Option Landscape.

$CSCO $ALU Aqumin Opening Update 02/10/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View 02102010 ALU

Focus: Telecom

ALU is up 14% this morning bucking the trend of bad news in the Telecom SubSector due to CSCO  earnings disappointment. 2nd Month ATM Implied Volatility is DOWN slightly (3 pts.) in ALU.

Use the Opening View in the View Library in AV Pro to follow the morning activity and throughout the day. Use MidVol Change View to assess per strike volatility in the Option Landscape. The landscape was not filtered to show all option classes.

Wednesday, February 9, 2011

Kneejerk Reaction - $PNCL $ZNH

Of all the interesting market dynamics the one I am becoming fond of is the rising Chinese interest rates. China is growing too fast! Slam on the breaks and sell the stocks because interest rates are going up. I fondly remember the last Democratic President and the high interest rates we had to endure back in 1999. Ah… the good old days. So what does AlphaVision serve up for us today?

For our beta testers the View is Cheap Implied Volatility 30 Day (www.aqumin.com). I had the Airlines down 3rd as a group this morning with Pinnacle Airline Corp. (PNCL) reporting less than expected earnings. In the view below, the taller the building the more the name is down for the day. Red color indicates the stock is trading closer or right on the one year lows for 30 Day Implied Volatility (after earning volatility declines quite a bit). China Southern Airlines (ZNH) was down around 5% which was much worse than the average for the group which was < 1%. There is also a bit perkier Implied Volatility with earnings two months away in ZNH.

2-9-2011 3-09-43 PM

Looks like a bad day to be a Chinese Airline instead of one with just bad earnings. To me this looks like a bit of an overreaction. ADR’s tend to gap, are illiquid and stay in a spot and there has not been much buy pressure for ZNH today. Maybe when everyone changes their minds and decides 1999 is not a bad place to be over the next couple of days, ZNH zips right back to where it came from.

$ZNH Aqumin Opening Update 02/09/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Open View ZNH 02092011

Focus: AIRLINES

ZNH is down -4.1% this morning on news about Chinese interest rate hikes and Airlines are the 3rd worst performer as a SubSector. 2nd Month ATM Implied Volatility is up slightly (1.5-2 pts) in ZNH.

Use the Opening View in the View Library in AV Pro to follow the morning activity and throughout the day. Use MidVol Change View to assess per strike volatility in the Option Landscape. The landscape was not filtered to show all option classes.

Tuesday, February 8, 2011

$VNDA Aqumin Midday Update 02/07/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View VNDA 02082011

Focus: Earnings Date 2/10/2011

VNDA is down .47% today. Of all stocks coming into Earnings on February 10th, the name is down the most for the week and sharply for the past year.

Use the Bouncing View and Earnings View in the View Library in AV Pro to follow this name. Use 14 Day MidVol Outlook to assess per strike volatility in the Option Landscape.

$HAL Aqumin Opening Update 02/08/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View HAL 02082011

Focus: Oil and Gas Services

HAL is down -3.7% this morning. 2nd Month Implied Volatility is up slightly (2.3 pts). Both Oil and Gas Services and Oil and Gas are the lowest performing Subsectors as of 10:06 ET

Use the Stock and Option Price Movement view in the View Library in AV Pro to follow the morning activity and throughout the day. Use 30 Day MidVol Outlook to assess per strike volatility in the Option Landscape. The landscape was not filtered to show all option classes.

Monday, February 7, 2011

$BPT Aqumin Midday Update 02/07/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View BPT 02072011

Focus: Oil and Gas

BPT is down 4.2%. The One Week Change in price is -9.8%. HV10 has jumped 15 pts over HV30 on the recent downturn.

Use the Dead Money View in the View Library in AV Pro to follow this name. Use 14 Day MidVol Outlook to assess per strike volatility in the Option Landscape.

$REFR Aqumin Opening Update 02/07/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View REFR 02072011

Focus: Electrical Components & Equipment

REFR is up sharply this morning (9:38 ET) following the positive news. 2nd Month Implied Volatility is up slightly but with very illiquid trading in the options. Alt Energy, Coal and Iron and Steel opened strongly.

Use the Stock and Option Price Movement view in the View Library in AV Pro to follow the morning activity and throughout the day. Use 30 Day MidVol Outlook to assess per strike volatility in the Option Landscape. The landscape was not filtered to show all option classes.

Friday, February 4, 2011

$CCME Aqumin Midday Update 02/04/2011

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Midday View CCME 02042011

Focus: Advertising

CCME is up sharply on a bounce after fraud claims but down for the week. The One Week Change in 30 Day Implied Volatility is 44 pts.

Use the 1 Week Change in Stock and Option Implied Volatility Price Movement in the View Library in AV Pro to follow this name. Use 30 Day MidVol Outlook to assess per strike volatility in the Option Landscape. You might have to reboot AV Pro to see this view.

$FNSR Aqumin Opening Update 02/04/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View JDSU 02042011

Focus: Telecommunications

FNSR is up sharply this morning (9:38 ET) following the Earnings Announcements by JDSU. 2nd Month Implied Volatility is dropping sharply post earnings for JDSU and FNSR. Healthcare Services stocks on Average opened #1 this morning.

Use the Stock and Option Price Movement view in the View Library in AV Pro to follow the morning activity and throughout the day. Use 30 Day MidVol Outlook to assess per strike volatility in the Option Landscape. The landscape was filtered to names trading at least 200 contracts per day.

Thursday, February 3, 2011

$FRG Aqumin Midday Update 02/03/2011

 

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Mid Day View FRG 02032011

Focus: Mining

FRG is up sharply following the takeover announcement. Implied Volatility in the 2nd month is down 38 points. There is a small increase in implied volatility in several of the other smaller Mining stocks.

Use the Stock and Option Price Movement in the View Library in AV Pro to follow this name. Use 30 Day MidVol Outlook to assess per strike volatility in the Option Landscape.

$BX Aqumin Opening Update 02/03/2011

 

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View BX 02032011

Focus: Private Equity

BX is up sharply this morning (9:38 ET) following the Earnings Announcement. 30 Day Implied Volatility is dropping sharply post earnings for BX and the group. Retail stocks (4th group over) opened strong as well.

Use the Stock and Option Price Movement view in the View Library in AV Pro to follow the morning activity and throughout the day. Use 30 Day MidVol Outlook to assess per strike volatility in the Option Landscape. The landscape was filtered to names trading at least 200 contracts per day.

Wednesday, February 2, 2011

Anthony and Cleopatra – Egypt and Volatility $TMV

Egypt has not dominated the headlines like this since Anthony and Cleopatra hooked up. For all of the unrest I think it is going much better now than for the Egyptians back in the day. For selfish reasons, all I care about is what the noise does to the market for option volatility. That is what Aqumin’s AlphaVision (www.aqumin.com) is good at ferreting out.

What I have selected is the Debt Fund sector for reasons I will explain in a minute. Flight to quality is always the game when global tensions notch up a bit. That is totally understandable. What surprised me is the giant yawn that this democratic rollover in the Middle East caused. The View below is a combination of 1 Week change in 30 Day Implied Volatility (height) and a 1 Week Change in the price of the underlying (color and order). For a leveraged name like the TMV (Direxion Daily 30 yr Treasury 3x Bear ETF) that meant up 1% for the week and the 30 Day Implied Volatility up a whopping 1.8 pts on a 40+ Implied Volatility number.

Anthony and Cleopatra

To me that means the market is taking the news on Egypt well and portends good things (generally bullish) down the road. Another thing to note in my very unscientific rambling, the color variation over the last week you see a lot of red and green. Stocks are not moving in lockstep recently and the equity correlations, at least on a casual look, seem to be dropping. Maybe we start looking at fundamentals again in equity prices. It is about time.

$HLX Aqumin Opening Update 02/02/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View HLX 02022011

Focus: Oil and Gas Services

HLX is up sharply this morning (9:38 ET) following the Morgan Stanley upgrade. 30 Day Implied Volatility is trading at the top of its range over the last month.

Use the Stock and Option Price Movement view in the View Library in AV Pro to follow the morning activity and throughout the day. Use 30 Day Mid Vol Outlook to assess per strike volatility in the Option Landscape. The landscape was filtered to names trading at least 200 contracts per day.

Tuesday, February 1, 2011

$VMC Aqumin MidDay Update 02/01/2011

This view midday view helps identify stocks that are gapping up or down and might present early opportunities.

Mid Day View 02012011 VMC

Focus: Mining

VMC is close to even for the Trailing Twelve Months and up for the week at 1:28pm ET. Earnings are tomorrow.

Use the Bouncing View in the View Library in AV Pro to follow this name. Use 30 Day Mid Vol Outlook to assess per strike volatility in the Option Landscape.

Note:  As the Bouncing View was added to our View Library today, you may need to Reboot AV PRO to access.

$MTW Aqumin Opening Update 02/01/2011

This view just after the open helps identify stocks that are gapping up or down early and might present early opportunities.

Opening View 02012011 MTW

Focus: Machinery Diversified

MTW is up sharply this morning (9:38 ET) following the Earnings announcement. Pre Earnings 30 Day Implied Volatility was flat since December 27th, 2010 (note chart on the lower right). Of note from yesterday’s Morning View ANR is up 2% today, and a solid decline in the VXX.

Use the Largest Moving Groups View in the View Library in AV Pro to follow the morning activity and throughout the day. Change the Height on the View Tab to Absolute Value. Use 60 Day Mid Vol Outlook to assess per strike volatility in the Option Landscape.