Thursday’s Options Alerts
The volatility indices and the
CVR signals made good
on their directional bias, as the ETFs experienced across-the-board pullbacks from recent highs. Both
the
(
$VIX |
Quote |
Chart |
News |
PowerRating) and the
(
$VXN |
Quote |
Chart |
News |
PowerRating) finished
up on the session, but are still registering sell signals. The volatility
indices are still barely off their respective supports, and with prices on the
ETFs closing poorly, momentum still favors more profit taking in the
short term.
For additional commentary on the market,
please click on TM’s Nightly Daytrader’s Report as yours truly writes both features for TM. And as always,
let price and volume be your guide through the markets.
Have a good night.
Points of Significance:
| Volatility Index |
Close | Net Change |
Signals/Direction | % Above/Below 10 Day Moving Average |
Significance |
| VIX | 28.42 | Up +.94 |
CVR V |
4.69% Below |
Not At Extreme |
| VXN | 44.56 | Up +1.60 | CVR II, VI |
1.96% Below | Not at Extreme |
Abnormal Options Volume — This list
includes both percentage movers that are normally associated with an increase in
options activity, as well as stocks that have unusually high activity and / or
technical situations,
reflecting increased speculation of a potential price move.
| Name | Symbol | Net % Change |
Volume | Avg. Volume |
| Capital One |
COF |
-10% |
61884 | 10241 |
| International Game Technology | IGT |
-4% | 5275 | 937 |
| Texas Instruments |
TXN |
-3% | 21165 | 8588 |
| InVision | INVN |
+3% | 6760 | 1627 |
| Marvel Technology | MRVL | +1% | 4887 | 1706 |
Stocks With Spikes in Implied
Volatility — Stocks with Increases and Decreases in implied
volatility compared to previous day. Candidates are then screened qualitatively.
These lists represent those issues that carry a blend of liquidity and/or
technical setups that might deserve further notice.
Spike Up
| Name | Symbol | IV | Previous IV |
High IV |
Low IV |
| General Motors |
GM |
48 | 43.3 | 76 | 27 |
| Westwood One |
WON | 37 | 33.4 | 59 | 30 |
| Oracle Systems |
ORCL | 54.3 | 49 | 76 | 49.4 |
Spike Down
| Name | Symbol | IV | Previous IV |
High IV |
Low IV |
| Guidant | GDT |
37.8 | 43.3 | 60.5 | 35.7 |
Please use stops on every trade!