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Options traders are sticking with one of the most consistent trends in the last two years. They're betting against a stock that once ruled the roost in global markets. General Electric (GE), once the world's most valuable company, has lost more than half its value...
The Japanese yen, everyone's dreaded safe-haven, is on the rise. Futures on the currency (@JY) rose 0.85 percent, their biggest daily gain since May. There's also signs of a potential upward reversal after a breakout through the 50-day moving average. (Today's move...
Options traders seem to be bracing for downside in junk bonds as negativity sweeps financial markets. The iShares High Yield Corporate Bond ETF (HYG) is having its worst month in over three years as investors shun leveraged companies. The largest options trade so far...
The Federal Reserve has everyone talking about hawks and doves this week. But another kind of bird may be swooping in: vultures. Recent headlines suggest credit markets are getting squeezed. This could create bearish opportunities for traders willing to play buzzard...
Energy just had its worst month in decades, and the bears are still in control. Crude oil futures (@CL) dropped 7.2 percent yesterday, their biggest decline in over three weeks. Not only did they break under the psychologically key $50 level, @CL also closed at the...
Is the Federal Reserve in the midst of its quickest pivot ever? It seems to be. Only two months ago, central bankers were united in their plans to keep raising interest rates. But now they're retreating amid a selloff in stocks, some weaker economic data and pressure...
Give me leverage, or give me death. That was the message from a big options trade yesterday. Transocean (RIG) has plenty of leverage on its own. Over $9 billion of debt and $2.3 billion of cash plants it firmly in the junkyard of bond ratings. ("B3" at Moody's.) As an...
Bears continued to hammer stocks last week, keeping the market on pace for its worst quarter since early this decade. The S&P 500 attempted a feeble bounce before rolling over and closing at its lowest level since April. All told, it declined 1.2 percent between...
No, it wasn't a nightmare. There was a lot of bad news on a lot of companies last week. At least five of the 30 members of the Dow Jones Industrial Average dropped amid some kind of bearish headline: Apple (AAPL): Wall Street analysts continued to hammer the...