11/13 Recap

CPI came inline today and the market didn’t really do much. The 8 ema is catching up to us and we probably touch it by the end of the week, just normal price action really cooling off the last few sessions as the moving averages catch up. There isn’t much to say here, the market is seeing the VIX go lower daily, equities are holding up and if this dollar ever cools off equities would ramp higher. I still think for the most part, we’ve pulled forward alot of the move for the next few months in the last week and now we have a very large gap open below that will likely fill at some point in the near future. There are no gaps this large open anywhere in recent memory in the market.

Recent Trades

PRAX - Back in the 10/3 Recap here I flagged these odd trades on PRAX with it sitting just below 65. A player bought 1500 of the 65/90 call spreads expiring this week and it has since risen 30% to 84.79 right now. Those call spreads were about as perfect as could be, its always interesting seeing these obscure tickers with little or no action working out.

Today’s Unusual Options Activity

Here is today’s link to the database, as always it will be open until tomorrow’s opening bell, the rest of today’s trades will be added by the afternoon. I do not have a chart posted below because like the other day, there are way too many call buys to fit in 1 screen grab so you’ll need to use the link below to see today’s table.