Tuesday 4-14-15: The Market Minute
Covering S&P500, Crude Oil, $GOOGL, The US Dollar and more
After starting the session strong, stocks pulled back into the close. Some of the best performing stocks from last week were the worst performing stocks today. All was not lost though, as small caps were able to muster a positive close. When the overall market isn't heading higher its busy consolidating and that is what we saw last week until the break higher on Thursday and Friday. Today we closed at trendline support.
How about $NFLX? Positive analyst action helped the stock soar higher. It's been quite a run. The $500 calls are a microcosm of the $NFLX option chain with enormous gains across all strikes. This is on top of last weeks rally.
Today was a Friday to remember. While $SPY reclaimed $210 the week ended with some massive option movers, many of which were capitalized upon with tremendous results.
How about a 43,000% gain? Chipotle Mexican Grill, $CMG, rallied over 5% today for no other reason than it could. The company had no excuse for the rally. There was no news, no analyst remarks, just a massive rally in the name. With the stock unexpectedly soaring the stock options were flying faster than an overcooked organic pinto bean. The Free Range weekly call options were moving higher like a hand massaged, leashlessly walked, GMO Free Turkey, on high grade legal marijuana with cage free sour cream on the side. The big green numbers on the left are not something you see often. 43k% 24k% staggering numbers. It's a $20 into $9,500 type move. WOW. WOW.