Blogs
Is Exxon Stock in for a Dividend Cut? What Options Data Is Suggesting
October 28, 2020Exxon Mobil Corp (NYSE:XOM) is set to declare its quarterly dividend on October 29, and while historically Exxon has been top-tier dividend paying stock, there is growing speculation the Texas-based giant will cut its current 87 cent quarterly dividend. The ...
Read moreElection Volatility: Insights Across Markets
October 23, 2020The volatility complex has clearly priced the 2020 Presidential Election as a major risk event. Speculation on contested elections, a blue senate flip, and another stimulus agreement have made hedging November volatility a pricey endeavor. This is captured by the ...
Read moreThe Put/Call Demand Ratio: Surpassing P/C Volume
August 24, 2020With the rapid growth of the options market, the Simple Put/Call Ratio has become a staple technical indicator. Simply dividing total put volume by total call volume allegedly provides miraculous insights into investor sentiment, or so it goes. But, the ...
Read moreWells Fargo: Sizing Up the Implied Dividend Cut
July 8, 2020On June 25th, the Federal Reserve released results of its 2020 stress test for banks. New guidelines were published forcing banks to halt buybacks and reduce dividend payouts. As a result, Wells Fargo (WFC) will have to cut its dividend, ...
Read moreExtraordinary Times for the Variance Risk Premium
June 9, 2020The S&P 500 has clawed back nearly all its losses since hitting its COVID-19 induced low late March. This remarkable rally of over 40% is historical considering it also ranks as one of the best 50-day runs of all time. ...
Read moreTail Risk in the Energy Sector
May 4, 2020The energy sector has been hammered in the combined wake of OPEC’s failed output deal and plummeting demand for oil as a result of Covid-19. Oil futures have gone negative, to establish a whacky super contango precedent. This crash in ...
Read moreGamma Traps and Dealer Imbalances
April 22, 2020The market has seen some wild moves over the last month, which has drawn parallels only to the price action at the onset of the Great Depression. Several pundits are willing to blithely attribute this environment to some form of ...
Read more