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Regional banks are one of the strongest groups this year, and now a big investor seems to be hedging a large position. Check out the options activity in the SPDR S&P Regional Bank ETF (KRE) yesterday: A block of 39,265 April 51 puts was bought for $1.16. An equal...
A forgotten financial stock exploded higher yesterday, the latest positive surprise in the sector. Synchrony Financial (SYF) surged 11 percent to its highest level in almost three months. It was the sharpest rally in the history of the stock and the biggest gain for...
Bank of America (BAC) had a monster rally this week, and options traders are looking for the lender to keep running higher. Here's a breakdown of a big transaction detected late yesterday morning in BAC: A block of 23,000 March 26 calls was sold for $2.80 and an equal...
Earnings season began on a strong foot, thanks to financials and a handful of other key stocks. Bank of America (BAC), Goldman Sachs (GS) and Citigroup (C) led the charge. Stronger banking activity was the big driver, also lifting smaller regionals like Comerica (CMA)...
Someone's looking for a Carnival rally in Brazil's top bank, with the help of an unusual options strategy. Shortly after lunch on Friday, a trader sold 10,180 June 17 puts in Itau Unibanco (ITUB) for $3.58. At the same second, he or she bought exactly the same number...
This post, originally published on September 19, is is part of a series about the catalysts for stock movements. Sign up for TradeStation's Master Class learning sessions next week for the complete course. Anyone who's been in the market for a while will...
The Japanese yen is gaining steam as fear sweeps the market. The currency has long been viewed as a safe haven because of Japan's huge trade surplus and low interest rates. Money traditionally flows away from the country when times are "good" and vice versa when times...
Volatility's on the rise this month, and three popular ETFs are trying to hang on. The Market Vectors Semiconductor ETF (SMH), S&P SPDR Financial ETF (XLF) and S&P SPDR Energy ETF (XLE) had all slammed down to apparent support levels earlier in the year. At...
Stocks began the fourth quarter in the red as interest rates spiked and money streamed out of the technology sector. The S&P 500 slid 1 percent between Friday, September 28, and Friday, October 5. But that was nothing compared with the Nasdaq-100's 3 percent drop...