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Post by huh on Jun 16, 2017 7:20:06 GMT -5
10 things you need to know before the opening bell The US economy looks a lot like the period before the tech bubble. Consumer confidence, business confidence, the yield curve, and the employment picture are all looking eerily similar to 1999. The Bank of Japan keeps policy on hold. Japan's central bank voted 7 to 2 in favor of keeping its quantitative and qualitative monetary easing in place while holding its key rate unchanged at -0.1% and pledging to buy Japanese government bonds (JGB) so that 10-year JGB yield will remain near zero. Bitcoin is making a comeback. The cryptocurrency tumbled as much as 18.5% to a low of $2,076 a coin on Thursday amid new concerns over scaling, but has won back virtually all of those losses. Currently, it's trading up more than 6% at $2,510. The Fed's 4th rate hike could challenge a popular assumption about stocks. Typically the fourth rate hike is bad for stocks, but Nautilus Research says the "bullish factors currently outweigh bearish indications." Snap sinks to its IPO price. Snap shares settled at $17 on Thursday, matching the price of its March 1 initial public offering. Shares are now down 37% from their March 3 high. Sweden's biggest pension fund dumps shares of firms it says breach the Paris climate deal. AP7 has sold its investments in ExxonMobil, Gazprom, TransCanada Corp, Westar, Entergy and Southern Corp because they don't comply with the Paris climate deal, Reuters says. Goldman Sachs is buying secondhand stakes in private equity. The investment bank's Vintage VII fund has raised more than $7 billion to buy secondhand stakes in private equity, Reuters says, citing two people familiar with the matter. BHP Billiton has a new chairman. Ken MacKenzie will replaces Jac Nasser, who is leaving the company at the end of August after seven years in the role. Stock markets around the world are higher. Japan's Nikkei (+0.6%) led the charge in Asia and Britain's FTSE (+0.7%) is out front in Europe. The S&P 500 is set to open higher by 0.2% near 2,438. US economic data is moderate. Housing starts and building permits will be released at 8:30 a.m. ET while University of Michigan consumer confidence crosses the wires at 10 a.m. ET. The US 10-year yield is up 1 basis point at 2.17%. www.businessinsider.com/opening-bell-june-16-2017-2017-6 |
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Post by huh on Jun 16, 2017 7:20:48 GMT -5
10 things in tech you need to know today 1. A woman who was raped in India by an Uber driver has sued the company. She says executives mishandled her medical records, after reports came out that an exec managed to acquire them and carried them round for a year. 2. Facebook has announced more details on how it deals with terrorist content, the BBC reports. The social network is coming under pressure over extremist content in the UK. 3. Google is facing a €1 billion ($1.1 billion, or £870 million) fine in the European Union, according to a report from The Financial Times. The company has been investigated over antitrust allegations. 4. Snap has sunk to its IPO price. The Snapchat parent company's stock hit $17 (£13) on Thursday. 5. Elon Musk has published an outline of his audacious plan to colonise Mars with 1 million people. The academic journal New Space has published an edited summary of a talk from the tech mogul. 6. Microsoft's new Surface Pro is only a minor upgrade, but it's still a killer alternative to a MacBook or iPad. It doubles up as a laptop and a tablet. 7. After decades of innovating, Jeff Bezos admits he needs new ideas. The Amazon CEO has asked on Twitter for suggestions. 8. Uber wanted to revolutionise trucking like it did taxis, but it hasn't made a dent. It is bogged down in a major lawsuit with Waymo over its self-driving truck unit Otto. 9. Amazon's new Fire tablet is one of the only Android tablets worth buying. Business Insider has reviewed the Amazon Fire 7. 10. Twitter has had a redesign, The Verge reports. It has added more curves and circles, among other changes. www.businessinsider.com/10-things-in-tech-you-need-to-know-june-16-2017-6 |
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Post by huh on Jun 16, 2017 7:21:21 GMT -5
Frontrunning: June 16 Russia may have killed ISIS leader Baghdadi (Reuters) About 4,000 more US troops to go to Afghanistan (AP) Insurers Look to Ramp Up Premiums in Health Law Exchanges (WSJ) U.N. envoy urges North Korea to explain why freed U.S. man is in coma (Reuters) Wal-Mart Offers a Refuge for Sellers Tired of Amazon (BBG) Trump to limit Cuba travel, restrict business deals with military: U.S. officials (Reuters) Private-Equity Firms Stand to Benefit From Court’s Curb on SEC (WSJ) The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing (BBG) Facebook Boosts A.I. to Block Terrorist Propaganda (WSJ) Whole Foods CEO Calls Activist Investor ‘Greedy Bastards’ (BBG) Kroger Rattles Nerves in Grocery Section (WSJ) U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers (WSJ) Funds pull back from Permian as U.S. shale oil firms go into overdrive (Reuters) The World’s Richest Nation Has Rarely Looked Weaker (BBG) 30 confirmed dead in London high-rise fire (AP) Big Oil Firms Are Exploring a New Frontier in Shale: Profits (WSJ) Facing criticism, British PM to visit London fire victims (Reuters) Pimco’s New Bond King Is Nothing Like Bill Gross (WSJ) U.S. accuses Chinese company of money-laundering for North Korea (Reuters) www.zerohedge.com/news/2017-06-16/frontrunning-june-16 |
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Post by theMist on Jun 16, 2017 7:34:14 GMT -5
I like that Huh -- Reminder of Quad Witching
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Post by theMist on Jun 16, 2017 7:37:22 GMT -5
S&P Futures HourlyFutures should consolidate back and forth in this area before breaking higher at some point I see small iH&S with possibility of forming larger iH&S These patterns have propelled S&P to new highs during this run up 
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Post by theMist on Jun 16, 2017 7:49:58 GMT -5
Options Experts
What do you make of Quad Witching? Bullish ?
With lot of bearish options bets placed that will have to be offset by buying of equities, SP OR simply closed out?
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Post by walnut on Jun 16, 2017 7:59:27 GMT -5
Depends on whether they were out of the money or in the money.
The real issue is the idea that the big market makers can move the markets so that they can pay as little as possible on losing in the money options positions. That idea was called max option pain, and calculated the point where options holders would take the most option losses. That is the number that the market makers will want to get the SP to by close.
That is a theory that is taken seriously but I am not sure I believe it. maybe a little.
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Post by theMist on Jun 16, 2017 8:05:42 GMT -5
VXX 15 min chartVXX needs to test and break below that slightly rising support Triangle pattern (white lines) should be bearish does resemble slightly a descending triangle due to almost flat support Also appears to be a H&S pattern which needs validation 
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Post by theMist on Jun 16, 2017 8:14:04 GMT -5
Depends on whether they were out of the money or in the money. The real issue is the idea that the big market makers can move the markets so that they can pay as little as possible on losing in the money options positions. That idea was called max option pain, and calculated the point where options holders would take the most option losses. That is the number that the market makers will want to get the SP to by close. That is a theory that is taken seriously but I am not sure I believe it. maybe a little. Awesome stuff Walnut I remember some options traders at Faz Board that used to trade off of Max Pain |
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BigM
Full Member
Posts: 142
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Post by BigM on Jun 16, 2017 8:18:25 GMT -5
Depends on whether they were out of the money or in the money. The real issue is the idea that the big market makers can move the markets so that they can pay as little as possible on losing in the money options positions. That idea was called max option pain, and calculated the point where options holders would take the most option losses. That is the number that the market makers will want to get the SP to by close. That is a theory that is taken seriously but I am not sure I believe it. maybe a little. Max pain on SPY is $243. Open interest at that strike is 145,000 when you add up the puts and calls. |
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Post by theMist on Jun 16, 2017 8:18:42 GMT -5
shorted some VXX at 12.97, 13, 13.02
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Post by theMist on Jun 16, 2017 8:20:09 GMT -5
Depends on whether they were out of the money or in the money. The real issue is the idea that the big market makers can move the markets so that they can pay as little as possible on losing in the money options positions. That idea was called max option pain, and calculated the point where options holders would take the most option losses. That is the number that the market makers will want to get the SP to by close. That is a theory that is taken seriously but I am not sure I believe it. maybe a little. Max pain on SPY is $243. Open interest at that strike is 145,000 when you add up the puts and calls. Thx Martin You trading today? |
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BigM
Full Member
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Post by BigM on Jun 16, 2017 8:26:26 GMT -5
This algorithm still got me short S&P futures. I may go long some SPY $243.50 calls that expire today for some protection.
Also some AAPL calls that expire today can be a nice lottery ticket. (a scratch off)
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Post by theMist on Jun 16, 2017 8:28:28 GMT -5
Amazon buying Whole Foods and Costco and Target down 5% in premarket lol
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Post by theMist on Jun 16, 2017 8:34:38 GMT -5
35k short VXX now VXX 13.03  |
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Post by clinton on Jun 16, 2017 8:46:07 GMT -5
LONG KR at 21.45 dayum this is cheap
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Post by theMist on Jun 16, 2017 8:47:00 GMT -5
They screwed larger iH&S on futures
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Post by ipath on Jun 16, 2017 8:53:24 GMT -5
Max pain for VXX puts $13 strike, close to 100k contracts (I bought some yesterday).. so if they keep VXX above 13 they will save a lot of money, because there are only 30k VXX calls with $13 Strike. On the other hand MAX pain for VXX calls is strike at $15 with over 112k contracts. That's pure hedging for better nights sleep  ALL TODAY'S EXPIRATION |
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Post by walnut on Jun 16, 2017 9:00:00 GMT -5
Buying or selling vxx just to manipulate vxx options positions seems almost like jumping from the frying pan to the fire. I'm not sure that is actually done.
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Post by ipath on Jun 16, 2017 9:04:09 GMT -5
50c was a market maker after all |
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ALL TODAY'S EXPIRATION