$CVX $SLB An analysts that I cover said today’s price move feels like Crude Oil is passing a kidney stone, a very painful move that will not last for long, since producers are switching off, and capping secondary production wells fast. Today, the world may need just 75-M BPD to keep the economy running. By […]
$RACE Ferrari’s (NYSE:RACE) new options begin trading Tuesday, for the January 2022 expiration. Note: 1 of the Key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 654 days until expiration the newly trading contracts represent a potential opportunity for sellers of Puts or Calls […]
$RACE Investors in Ferrari NV (NYSE:RACE) saw new options become available this week, for the 20 November expiration. 1 of the Key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly available contracts represent a possible opportunity for sellers […]
$XAU $DGCX Dubai Gold Exchange records best month of trading since July 2008. Gold Futures recorded a Y-Y volume growth of 515% Gold Futures on the Dubai Gold & Commodities Exchange (DGCX) in January recorded a M-M volume growth of 66.25% and Y-Y growth of 515%, reported official news agency WAM. DGCX also recorded its […]
Options Traders Setup for More Volatile Market Action $VXX, $CBOE, $SPY For the 2nd time this year, volatility has come back into the markets, and traders in the stock options market are betting ongoing market gyrations are not about to let up any time soon. People are betting action could come from either direction. This […]
Bitcoin (BTC) Holding Support at 6,000 $BTCUSD Bitcoin held support above 6,000 in Tuesday’s trading; a Bitcoin BTCUSD, +0.37% was going for 6,232.88, down 1.1% since Monday at 5:00p on the Kraken cryptocurrency exchange. The price of Bitcoin has fallen 14% since the beginning of September. Currently, Bitcoin is trading at 6,287.25, -8.29, or -0.1317%, as of 1:21a BST, the market open. […]
Traders Buying Corn, Selling Soybean and Wheat $CORN, $SOY, $WEAT Speculators were pegged last week by trade sources as net buyers of Chicago-traded Corn, Soybeans and Wheat, but their Corn views did not budge, and they were net sellers of Soybean and Wheat. Despite a drop in exportable Wheat supply worldwide, US exporters have yet […]
Understanding Crypto Currencies: The ECR20 Standard $BTCUSD, $ETHUSD Without technical knowledge of the blockchain and smart contracts realms, the world of crypto currency is daunting for many investors. But, the prospect of massive profits in the sector has attracted many types of investors, including those who otherwise might be cautious about investing in an asset, that they […]
Cryptocurrencies Shaping Future of Business $BTCUSD, $CBOE, $CME When it comes to cryptocurrencies, their role is not rising, it has risen. Bitcoin 1st launched in Y 2009, and it was followed 4 years later by its primary competition, Ethereum. These 2 competitors are joined by dozens of other cryptocurrencies to create a comprehensive ecosystem that […]
Bitcoin Futures Trading Enters ‘Mainstream’ Finance $BTCUSD, $CME, $CBOE Currently Bitcoin is trading at: 15,879.9951, +1,810.98, or +12.87% Trading in Bitcoin futures opens Sunday evening in Chicago, as the 1st major US exchange offers a product pegged to the wildly fluctuating cryptocurrency. The currency has risen more than 1,000% this year, and about 80% in the past […]
Crude Oil (USO, OIL) Breaks Key Support, Heading ‘Due South” $USO, $OIL Crude Oil’s clear break through Key support at 50 bbl has set the options market On Fire. A record number of options contracts, the equivalent to more than 800-M bbl of Crude Oil changed hands Thursday, according to the exchange data. The tally includes […]
Chicago Agriculture Commodities Finished Mixed $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) grains futures settle mixed Wednesday with Soybean futures rising for 4th session running, notching a six-month high on worries that recent heavy rains could damage crops in Argentina. The most active Corn contract for March delivery fell 0.5 cents, or 0.14%, to […]
Iran Inks Deal to Sell Crude Oil to EU Firms $OIL, $ENI, $REPYY, $TOT Iran signed deals to sell Crude Oil to 7 European companies, that according to the semi-official Mehr news agency Sunday. Long-term deals are signed with Saras SpA and Eni (NYSE:ENI) of Italy, Spain’s Repsol (OTCMKT:REPYY), Hellenic Petroleum SA of Greece, France’s […]
Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) Corn, Wheat rebounded and settled higher Thursday, Soybean extended losses after the US Department of Agriculture released its week export sale data. The most active Corn contract for Jul delivery added 11.50 cents, or 3.05%, to close at 3.89 bu. Jul Wheat […]
Elon Musk Buys His Company’s Stocks & Bonds on Credit, Pledges His Shares $TSLA, $SCTY, $GS, $MS Elon Musk is Risky Business SolarCity Corp. (NASDAQ:SATY) has tried in vain since October 2014 to lure individual (retail) investors to the solar-power business by pitching $214-M of what he dubs “solar bonds” through the company’s website. The […]
Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) Corn and Wheat finished higher Monday, Soybean fell on profit taking to open this week. The most active Corn contract for May delivery added 2.50 cents, or 0.66%, to close at 3.81 bu. May Wheat delivery advanced 13 cents, or 2.83%, to […]