Tech Trader just bought $XLU and $XLP, which sold off sharply post-election. First contrarian bets in a while.

$TASR already up 14% after only buying it yesterday. TT already up 2% with $SPY only up 0.5%.

Just added $TREE (lending tree) on week-out call buying:
TREE 11/18/2016 90x Calls, 1000@$2.65
MV: $0.3M | $Not.: $4.0M | OI: 73 | 10.4% TotalOI
106.1% StockVolume | 82.0% OptionVolume

Hilarious one of our top gains is short $KOF (Coke Mexico) despite $SPY up. Like Tech Trader knew Trump would win.

Ended up 3% w/ 150% long but only adding more: $AMP, $CELG, $CF, $GD, $NEE, $NUE, $TASR, $TEX, $TRQ. Again, more materials, utilities, finance, and healthcare - all the less frothy names.

Continuing to bottom pick ETFs with $EEM and $RSX. 5 ETFs now.

Massive call buying in $CTSH for April 55x.
CTSH 4/21/2017 55x Calls, 10000@$2.4
MV: $2.4M | $Not.: $19.8M | OI: 821 | 10.7% TotalOI
23.8% StockVolume | 73.6% OptionVolume

Shorted $HAL after unusually large front-month put buying in the energy name. Wonder what's the story on it.
HAL 11/18/2016 47x Puts, 22696@$0.8999
MV: $2.0M | $Not.: $37.3M | OI: 1499 | 4.7% TotalOI
45.1% StockVolume | 78.9% OptionVolume

Also long $CYNO due to call buying and $AMD again due to breakout.

Just wondering about TT.


Sent from my iPad

>

Also buying up a lot of Basic Industries: $CE, $MTZ, $STLD, $VALE, $X

You are shorting USD and buying stocks that perform well in weak USD environment. Can you explain what strategy is shorting USD?

Today's price action ( Oil, Gold and EM are all strong despite USD move) probably means that market is expecting mean reversion in USD. I can see that USD breakout from this level can do real damage to risk but it seems market is fading derivatives of strong USD trade.

Thanks,
Zhan


Sent from my iPhone

>

The individual stock trades are based on stock volume. The short $UUP is based on put buying in the options.  So in both stock and options market, Tech Trader is seeing large trades betting either against USD or for long the equity.  I think it's the latter; the stocks we are buying I think have a more idiosyncratic theme that will reveal themselves.

Also long financial names $AXP, $JPM, $PYPL. Seems like a lot of activity coming back in the markets.

Thanks!

Sent from my iPhone

>

I agree with TT. No panic sell off yet. Need to see bank results tomorrow and Yellen is speaking tomorrow.

Sent from my iPhone

>

The $USO trade on $3.3M in call buying last week is doing well from Saudi cutting oil production today.  Whoever bought those calls was likely expecting this.

Updated with graphs and snapshot.

Why your gross is so low? Does it mean model is highly uncertain about next few weeks?


Sent from my iPhone

>