Mid-Session Unusual Activity Scan: CHK, AES, MGM

Nearing the halfway mark in today’s session, here are the individual equity names with the most call and put buying on optionMONSTER’s ActionTracker data system. MGM Resorts International (MGM): Some 13,000 May 13 calls were bought for $0.19 to $0.21 as investors look for upside in the share price. MGM fell 3.10 percent…

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Gold: The Bargain of a Lifetime

You knew this was coming. You knew it couldn’t last forever. That bull market in gold you’ve come to know and love? It’s over… Done. Kaput. At least, that’s what the fools in the mainstream press would have you believe: “Gold’s Decade-Long Bull Run Is Dead, Gartman Says” — Forbes “The Gold…

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Unusual ITT play exploits industry panic

Fear abounds in ITT Education Services, and one investor is using it to get long.

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VIDEO: Contango setting up on the VIX Sonar Report

— Option Monster

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ETF Unusual Activity at Mid Session

Total option volume tops 6.1 million contracts as the typical names top the action in indexes and exchange-traded products, optionMONSTER’s data systems show.

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Essential Investment Lessons Learned from Gamblers

Any time you make a bet with the best of it, where the odds are in your favor, you have earned something on that bet, whether you actually win or lose the bet. By the same token, when you make a bet with the worst of it, where the odds are not in your favor, you have lost something, whether you actually win or lose the bet.

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New Directional Put Plays – TIF

Tiffany & Co – TIF – close: 65.93 change: -1.07

Stop Loss: 67.65
Target(s): 60.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to the late May earnings report
New Positions: Yes, see below

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Index, ETF option volumes near midday

Total option volume is light this morning with just 4.3 million contracts traded so far and very light action in the indexes and exchange-traded products, according to optionMONSTER’s data systems.

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Akamai chart bullish before earnings

Bulls are going after Akamai Technologies today despite the weak market tape, and the stock is showing some positive technical signs ahead of Wednesday’s earnings report after the close.

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Largest option buying in equities so far

Nearing the halfway mark in today’s session, here are the individual equity names with the most call and put buying on optionMONSTER’s ActionTracker data system.

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Essential Options Lessons Learned from Gamblers

As I always say, investment success comes from process.

Let me explain.

Back in my early 30s when I was privileged to live in sunny Flagstaff, AZ, I would take the reasonably short drive to Las Vegas so that I could make one the best bets in the gaming world.

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Index Wrap

THE BOTTOM LINE: The S&P started slipping when the Dow fell under its up trendline week before last. Nasdaq followed last week when Apple (AAPL) failed to clear resistance I projected for the 650 area. I’ll start with the same charts I’ve featured in this section recently, that of the…

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