All out on the hardhit travel giant. Its time to risk less to make more options action starts now. Lets get right to it. After a volatile day of trading, the dow, s p and nasdaq all managing to close the day in the green, despite the move higher all three major indices posting their worst week since march much of todays trading activity came in response to the retail Sales Numbers down more than 16 in april thats nearly double the decline of marchs retail numbers. So, mike, with all of this volatility in stocks, what were you seeing in the options pit . Yeah. So this is a very interesting situation we have here normally, in my professional experience anyway, when we have these types of periods like the one that weve been going through we have basically some form of a market crisis. We see elevated volatility and we see elevated and implied volatility and we reached some sort of a zenith and then it starts to fall off and you take about 90 days or so and you see what the market is imply
Its time to risk less to make more options action starts now. Lets get right to it. After a volatile day of trading, the dow, s p and nasdaq all managing to close the day in the green, despite the move higher all three major indices posting their worst week since march much of todays trading activity came in response to the retail Sales Numbers down more than 16 in april thats nearly double the decline of marchs retail numbers. So, mike, with all of this volatility in stocks, what were you seeing in the options pit . Yeah. So this is a very interesting situation we have here normally, in my professional experience anyway, when we have these types of periods like the one that weve been going through we have basically some form of a market crisis. We see elevated volatility and we see elevated and implied volatility and we reached some sort of a zenith and then it starts to fall off and you take about 90 days or so and you see what the Options Market is implying and normally in this situ
Investors have been singing golds praises but if you were late to the dance, mike has a new move to get you out on the floor. Its time to risk less and make more options action starts now. Lets get right to it next week kicks off a big round of earnings with disney, beyond me, and our chart master says there may be opportunity lurking in the payment space carter what are you seeing in the charts you bet a couple charts but first the set up is were going to pay pay pal for a break out to new highs, and the set up is perfect. The first chart, take a look at the symmetry of this circumstance you have a 23 , 23day plunge, a 23day ricochet. You start at 124, you drop to 82, you go right back to 124, so again, a 35 decline, which you can see there, 51 rally, all very symmetric in terms of price and time and here we are right back at the time look at the second chart, this pulls it back a bit longerment look at the authority of this level. The stock has approached this and reapproached this,
Options action starts now. Lets get to it. Next week kicks off another round of earnings with beyond meat, uber, and General Motors on deck. Carter worth said there may be some opportunity lurking in the payment space as paypal gears up to report. So, carter, what are you seeing in the charts . You bet. A couple of charts first, the set up is paypal for a breakout to new highs. Its right at the set up is perfect. The first chart, take a look at the symmetry of this circumstance you have a 23 , 23day plunge, a 23day ricochet. You start at 124, you drop to 82, you go right back to 124, so again, a 35 decline, which you can see there, 51 rally, all very symmetric in terms of price and time and here we are right back at the time look at the second chart, this pulls it back a bit longer. Look at the authority of this level the stock has approached this and re approached this, and this is a perfect kind of set up for a news related break out earnings and earnings are coming next week. The ot
Hard to make anything of any positions being taken into the weekend, were something good or bad can end up happening. Time for todays market moving news from brussels, as well as our new york teams. Europe, approving a shortterm deal. Ombergs part two bloomberg spoke to germany z for president to spoke to germanys you for germanys ifo president. If things shut down again because there is a second wave, that is catastrophic for them, so that is something that needs to be avoided. Maria tadeo joins us now. Maria european leaders met yesterday. They came up with a shortterm aid package, but the question is what we are going to do over the long term. Get any clarity yesterday. That is being reflected in the Market Action today. Any specifics on the amounts. Theres suggested that it could be one trillion euro up to 1. 5 trillion euro. Some argue this should be done through transfers. The countries that are on the weakest right now would say they want to see the bulk of it being done in tran