When a stock trades higher at a very rapid pace the price of the stock can pass the highest available options strike. For instance, at the start of the day on 2/9/21 the available call options strikes for Tilray (TLRY) ranged from ~5-$50. However the stock ripped over 50%, passing the 50 strike. When a […]
implied volatility
TSLA Options For Sale
The week ending 1/8/21 saw a record high in TSLA options volume, with the stock surging nearly 20%. Traders have been flooding into weekly options as the way to express their views on the stock which was just recently added to the S&P500 Index. We view increased buying of call options as a driver for […]
SPX Options Vanna Rally
Recently we have been discussing with subscribers the elevated implied volatility in the S&P500 due to the 1/5 election events. The VIX is a decent measure of implied volatility in the S&P, and you can see that despite the market being at all time highs, the VIX was well off lows. Our feeling was that […]
