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3 hrs ago | SchaeffersResearch.com
Another week, another grind higher in the markets. It wasn't without its form of excitement, though.
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7 hrs ago | SchaeffersResearch.com
"The Dow Jones Industrial Average closed modestly higher on Friday, after an initial upside gap in reaction to a better-than-expected nonfarm payrolls number," said Schaeffer's Senior Options Strategist Tony Venosa, CMT.
And one thing is for surea day traders have a habit of losing. Like a hamster on a spinning wheel, day traders use a lot of energy in creating loads of activity, but end up getting nowhere in the process.
"Today's key driver was the jobs report ahead of the open this morning," noted Schaeffer's Senior Trading Analyst Bryan Sapp.
Stocks got off to a rough start in March, as traders on Monday exercised caution amid escalating tensions between Ukraine and Russia.
Managed forex accounts are also investment accounts that are related to foreign exchange markets.
The stock market briefly celebrated the better-than-expected jobs numbers on Friday morning with 175,000 jobs being created in February versus the consensus expectation for only 150,000 jobs.
Option players are taking kindly to the advance, sending call volume to more than two times its typical intraday pace.
Heading into the quarterly event, short-term option players were extremely call-biased on Costco Wholesale Corporation, which has shed 4.8% year-to-date to trade at $113.26.
Apparently, I'm not the only one. They released some numbers yesterday and they didn't quite meet expectations, as the stock dipped about 4% in early trading.
Nearly all of the action has transpired at the March 10 put, where more than 4,600 contracts have changed hands.
Shares of Rite Aid were swapping hands near the stock's 52-week high on Wednesday, with shares priced at $6.74 apiece in mid-day trading.
Amid eBay Inc's recent rally to record heights, option traders at the International Securities Exchange , Chicago Board Options Exchange , and NASDAQ OMX PHLX have been upping the bullish ante.
The tense situation in Ukraine has had no effect on the New Zealand stock market, which reached new highs this week.
But Nader's latest proposal on Fannie and Freddie isn't likely to endear him to those investors, which have amassed large positions in Fannie Mae and Freddie Mac securities since 2008, when the GSEs were placed into conservatorship and the price of their securities fell nearly to zero.
The New York Stock Exchange shows an advance/decline ratio of 1.61, with advancers outpacing declining stocks by a margin of nearly 5-to-3.