At Holdings Channel we have reviewed the latest batch of the 20 most recent 13F filings for the 09 30 2016 reporting period and noticed that Wal Mart Stores Inc Symbol WMT was held by 14 of these funds When hedge fund managers appear to be thinking alike we find it is a good idea to
What s Happening Tech titan Apple AAPL will report its fiscal fourth quarter numbers on October 25 The company will report after the market close with the consensus calling for earnings of 1 65 During the same period last year the company earned 1 96 per share and the stock is up 10
In trading on Tuesday shares of Apogee Enterprises Inc Symbol APOG crossed below their 200 day moving average of 43 41 changing hands as low as 43 28 per share Apogee Enterprises Inc shares are currently trading down about 1 6 on the day The chart below shows the one year
What s Happening Tech titan Microsoft MSFT will report its fiscal first quarter numbers on October 20 The company will report its quarterly results after the market close with the consensus calling for earnings of 0 68 per share During the same period last year the company earned 0
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October 9, 2016, 11:50 pm CT — Regarding the financial market movements Sunday night around and during the second presidential debate, below are some highlights.
Trading volume for futures on the CBOE Volatility Index® (VIX®) on Sunday night from 5:00 p.m. through 11:15 p.m. exceeded 2,250 contracts.
The chart below shows that the Sunday night prices for the October VIX futures (with an expiration date of October 19) were down 0.345 points at around 9:55 pm C.T. (when compared to the Friday night close).
The table below shows the 14 tickers and expiration dates for VIX futures.
STOCK INDEX FUTURES
A CNBC story stated that —
“… No clear winner emerged from the second U.S. presidential debate Sunday night, based on several analysts’ interpretation of market reaction — or lack thereof. … .U.S. stock index futures held slightly higher near earlier levels throughout the entire debate. S&P 500 futures were about 5 points higher and Dow Jones industrial average futures were about 31 points higher, as of 11:08 p.m. ET.”
PESO, YUAN AND CRUDE OIL
A Bloomberg news story noted that —
“… Mexico’s peso pared its climb after Donald Trump and Hillary Clinton sparred in the second presidential debate. Crude extended losses and the yuan weakened to a six-year low. The peso, seen as a bellwether for traders’ views on Trump’s prospects, added as much as 2 percent as the Republican candidate was questioned about a video in which he talked about women in vulgar terms, before trimming gains to 1.4 percent after the debate concluded …”
Please visit the VIX microsite at www.cboe.com/VIX for more information on VIX futures and options.
For an earlier blog that discusses market movements during the first presidential debate, please visit http://bit.ly/VIX-debate.
Looking at options trading activity among components of the Russell 3000 index there is noteworthy activity today in Lamar Advertising Co Symbol LAMR where a total volume of 6 074 contracts has been traded thus far today a contract volume which is representative of approximately 607
The VXST – VIX – VXV – VXMT Curve is a consistent way to look at different S&P 500 Option Implied Volatility time frames. All four indexes moved up a bit last week, with the curve shape maintaining a pretty steep shape.
The ETPs were a mixed bag last week. VXX and the other long funds that focus on the short end of the curve were higher last week. VXZ, which focuses on the longer end of the curve was lower, being a victim of the steep contango that has existed in the VIX curve for most of 2016. SVXY and XIV were lower, but ZIV (inverse of VXZ) moved up a tad.
With nine months behind us, SVXY is up strong and both VXX and UVXY have had a tough year based on VIX at relatively low levels this year.
For the second week in a row individual stock implied volatility lead the charge higher with VXGOGL and VXAZN moving higher by over 20%.
Late Monday, with VXX around 35.60 and up 1.80 on the day a calendar spread came into the VIX pit using VXX options half the trade has expired as the VXX Sep 30th 37 Calls were sold at 0.71 and the VXX Oct 21st 37 Calls were purchased for 2.17 and a net cost of 1.46. The first payoff diagram shows the result for the trade as of this past Friday.
Assuming no changes, the position is now long the VXX Oct 21st 37 Call at a cost of 1.42, which is a bit more than the cost of this call as of Friday. The payout below is upon the option’s expiration and assuming that no other trades occur. However, I wouldn’t be surprised if another shorter dated call is sold if VXX makes another move to the upside.