TLT

It has been a scary ride down over the last 10 days but we cannot let fear overcome us. Yes the S&P 500 has corrected 6.6% from its closing high, but did we forget it rallied 70% from its closing low?

Is the S&P 500 Cheap?

The Big Picture (with ETF: DIA):This is the DIA weekly. The rally from the March lows has been labeled as an ABC zigzag (Elliott Wave Principle, p. 43). There is symmetry to this labeling because wave A virtually equals wave C. Wave A=24.24 points, and Wave C=24.64. This is a common pattern that emerges when labeling waves, and it gives the chart some continuity.

With the major indices trading mixed Wednesday, there were many stocks which traded higher on BIG volume. The list described below is a large one which is quite unusual for a rather flat trading day.

Today is Wednesday November 25, 2009 and I am in a selling mood, not because I am extremely bearish but because I see a potential profit play. I am looking to sell covered calls on some of my holdings. If you're thinking about selling covered calls like me, today may be the day to do it!

With the market trading relatively flat on November options expiration Friday, there were several stocks that hit my radar which traded higher on BIG volume. In this post, I will name 11 stocks which traded higher Friday November 20, 2009. I will be checking these stocks frequently to see if there is continued buying pushing the stocks higher.

In a previous OptionMaestro.com post, I outlined 30 stocks which I wouldn't mind going long at these levels. I wrote about getting long the stocks by using the buy-write option strategy. This is an updated post to that one, adjusting the strikes and prices accordingly for options expiration today.

With the market selling off Thursday, there were several stocks that hit my radar which traded higher on abnormal volume. In this post, I will name 12 stocks which fought the trend Thursday November 19, 2009. I will be checking these stocks frequently to see if there is continued buying pushing the stocks higher.

Here is a list of stocks which traded higher Tuesday November 17, 2009 on unusually higher volume. As always, I will keep an eye on these stocks Wednesday to see if there is continued buying pushing the stocks higher. This method is just one of the ways I use to pick stocks to structure particular option trades. The second part of this post requires the knowledge of stock options.

Here is a tall list of stocks which traded higher Monday November 16, 2009 on unusually higher volume. When we have a move such as we did Monday, it is not unusual to see this many stocks moving higher on greater volume than the 50 day average. I will keep an eye on these stocks Tuesday to see if there is continued buying pushing the stocks higher.

Here is a list of stocks which traded higher Tuesday November 10, 2009 on unusually higher volume. I will keep an eye on these stocks Wednesday to see if there is continued buying pushing the stocks higher. This method is just one of the ways I use to pick stocks to structure particular option trades. This post requires the knowledge of stock options.

Here is a list of stocks which traded higher Monday November 9, 2009, on unusually higher volume. I will keep an eye on these stocks Tuesday to see if there is continued buying pushing the stocks higher. This method is just one of the ways I use to pick stocks to structure particular option trades. This post requires the knowledge of stock options.

As of today the top ten most active stock option contracts traded were:

1. BP (BP) November 55 Call Options
2. BP January 50 Call Options
3. BP January 40 Call Options
4. Eli Lilly (LLY) January 30 Call Options
5. S&P 500 SPDR (SPY) November 107 Put Options
6. BP January 45 Call Options
7. Bank of America (BAC) November 16 Call Options

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Friday, November 6, 2009
Most Active Stock Options November 6, 2009 & Trading Activity
As of today the top ten option contracts traded were:

1. Volatility Index (VIX) January 22.50 Put Options
2. Volatility Index November 22.50 Put Options
3. Ford (NYSE:F) January 2011 5 Call Options

Here is a list of 21 stocks which traded higher Thursday on unusually higher volume. I have added all 21 of these stocks to my watch list (and invite you to as well), but chose only one to write about in detail in this post. This post requires the knowledge of stock options.