BAC Archives - Cboe Blogs

  • Market News | Trader Talk | Trade Ideas | Jan 6, 2017, 10:10 AM

    Earnings Next Week 1/9 - 1/13

    Earnings Next Week 1/9 - 1/13

    One more week until earnings season kicks in.  In the mean time we have three major financials releasing numbers on Friday 13th.  As always the data below is based on the last three years of earnings results unless the ticker is in italics.  The columns show the biggest rally, biggest drop, average move, and what the stock did last quarter in reaction to earnings.  Finally, double check the earnings dates as not all were confirmed.

  • Market News | Trader Talk | Trade Ideas | Apr 7, 2016, 8:45 AM

    Earnings Next Week - 4/11 - 4/15

    Earnings Next Week - 4/11 - 4/15

    Just like the beginning of baseball season witnesses a few games before we have days of a full slate of games, earnings season kicks off next week with just a dozen stocks that have short dated options available for trading reporting their numbers.  As always, the numbers below represent three years of history.   After the ticker the columns show the biggest gain, biggest drop, average move (non-directional) and stock price reaction last quarter.

  • Market News | Technical Analysis & Charts | VIX | Strategy | Feb 16, 2016, 12:21 PM

    What to do When a Stock Crashes

    What to do When a Stock Crashes

    Recently we saw some epic declines of individual stocks after posting shaky earnings reports.  Topping the list was long-time growth name LinkedIn (LNKD), the social networking giant who saw its market value nearly cut in half after reporting weak forward guidance.  Tableau Software (DATA) had it even worse, falling nearly 50% on the same day.  We also witnessed other stocks with smaller but still significant declines (Hanes Brands, HBI and Outerwall, OUTR). This big money selling[...]

  • Market News | Oct 14, 2015, 10:00 AM

    Earnings Take Center Stage

    Earnings Take Center Stage

    In my experience option traders fall into one of two distinct camps: single stocks and index/ETFs.  Despite similar contract specifications and pricing models, the mindset required to trade each product type is notably different.  Single stock traders have earnings releases, takeovers, and other company-specific events to worry about, while index traders tend to pay close attention to macroeconomic headlines and global equity and volatility movements.  On average in our markets about[...]

  • VIX | Blogging Options | Trader Talk | Apr 15, 2015, 12:00 PM

    CBOE Mid-Day Update 4.15.15

    CBOE Mid-Day Update 4.15.15

    Volatility as an asset class Bank of America (BAC) is recently down 19c to $15.64 after reporting Q1 EPS with items 27c, compared to consensus 29c.  April call option implied volatility is at 26, May and June is at 19; compared to its 26-week average of 24. PNC Financial (PNC) is recently down 96c to $92.66 after reporting Q1 revenue fell 1.2%. April call option implied volatility is at 21, May is at 18, August is at 16; compared to its 26-week average of 19. U.S. Bancorp (USB) is recently up[...]

  • Market News | Blogging Options | Trader Talk | Apr 15, 2015, 7:48 AM

    Blogging Options: CBOE Morning Update 4.15.15

    Blogging Options: CBOE Morning Update 4.15.15

    BAC off fractionally as earnings swing to positive ($5.6B less in legal fees helps) but revenue misses.  DAL up $0.50 but even as earnings met, DAL sees turbulance with dollar ahead. GOOG with EU problems this morning. Several Chinese economic numbers missed overnight.  Oil up ~1%.  Empire State Manufacturing off ~1.2% for April (+6.9% March, +7% expected), New Orders at 2-year low. VIX settlement numbers will be released as they are available this morning.  Beige Book data after[...]

  • Market News | Trader Talk | Jan 7, 2015, 5:30 PM

    Next Week in Weeklys - 1/12 - 1/16

    Next Week in Weeklys - 1/12 - 1/16

    Alcoa reports Monday (1/12) after the close. Despite AA having been removed from the Dow Jones Industrial Average many market observers consider AA’s report to be the beginning of earnings season. Personally I think things get going when all the big financials report which begins Wednesday with JP Morgan Chase (JPM) and Wells Fargo (WFC). The three year history for stocks with short dated options available appear in the table below – I came across an interesting use of short dated[...]

  • VIX | Blogging Options | Trader Talk | Dec 9, 2014, 12:00 PM

    CBOE Mid-Day Update 12.9.14

    CBOE Mid-Day Update 12.9.14

    Volatility as an asset class Bank of America (BAC) is recently down 32c to $17.34 on the bank sees Q4 sales and trading revenue down linked-quarter, y/y. December call option implied volatility is at 19, January and February is at 20; compared to its 26-week average of 23. Citigroup (C) is recently down $1.19 TO $55.19 on the CEO sees $2.7B charges in Q4 to address legal reserve charges. December call option implied volatility is at 20, January is at 18, February is at 20; compared to its 26-week[...]