Trading Options with an Edge
Select Page

Equity & Options
Market Research, Analysis
& Strategies

Compare Our Subscription Plans


is the premier site for active option and equity traders offering real time coverage of markets via options activity alerts, technical set-ups, breaking news, in-depth research and much more.

Weekly Market View
Open Interest Alerts
Chart
Set-Ups
Market
Talk
Flow Recap/ Highlights

Weekly
market
View

The S&P 500 (SPX) marched higher for the third straight week and made a new all-time weekly closing high at 4536.50 as earnings season kicked off and concerns around Washington and China abated. Friday’s candle ended a streak of seven straight sessions highs and now fairly extended above its short-term moving averages, setting up for a possible breather and consolidation phase. S&P futures broke out above monthly value on Tuesday at 4484 which now aligns with the rising 8-EMA, a logical spot to watch for a potential bounce. Other areas of note include VWAP from 10/13 at 4464.25 and then the monthly POC is down around the 21-EMA at 4436.50. A breakout above 4550 in the futures has no resistance as we’re at all-time highs. The multi-week range from the September pullback measures out to 4840. Ahead of that level are some key Fibonacci extensions at 4621.50, 4664.75 and then 4700.

Market Sentiment/Breadth

Sentiment overall surged to the bullish side of the ledger this week. The latest AAII sentiment survey for the week ending 10/20 showed another jump in bulls to 46.9% vs 37.9% prior and up from 25.5% on 10/6. Neutral sentiment fell to 25.4% vs 30.3% prior and bears are 27.8% and down from 40.7% in late September. Bulls are now well above the long-term average while bears are below for the first time in over two months. NAAIM Exposure jumped sharply back to 98.02 from 64.46 and now near multi-month highs. Lipper Fund flows had $10.9B of inflows to equities, the biggest by far in over a month. As of Friday’s close we had 570 new highs vs 204 new lows, strong breadth. The percentage of stocks above their 50-day and 200-MA also increased again with the former at 56.6%. NYSE Summation continued to rise to 225 and remains above its 8-EMA. NASI also hit its highest level since July and in a bull signal above its 8-EMA. Cumulative AD hit new highs this week. CBOE Equity P/C 50-day MA was 0.49 and continues to fall. VXV:VIX rose to 1.325 this week. CNN Fear and Greed rose to 67, up from 50 last week, and the highest level since early 2021.

Open
Interest
Alerts

Bath and Body Works (BBWI) triggering a strong breakout this morning after consolidating for the last few weeks. BBWI a name we featured in a recent writeup with over 23,000 November $65 calls accumulating from buyers and also 20,000 of the Nov. $70 calls.

Chart
Set-Ups

Abercrombie & Fitch (ANF) working above monthly value high on Monday and starting to clear a bull wedge with room above $41 to run back to 52-week highs. Shares are forming an inverted head-and-shoulders pattern as well around the 38.2% Fibonacci retracement of the rally. ANF is hitting the ‘ready to run’ scan today with MACD nearing a bull cross and RSI reset but crossing back above 50 in a sign of strength.

Market
Talk

Tech Stocks made fresh highs Wednesday with the Nasdaq leading the early action thanks to strong earnings reports from MSFT and GOOG. The Nasdaq made a new high but then closed weaker with the SPX also closing at the lows for the first time in the last few weeks. Earnings reports will be key the rest of the week with AAPL and AMZN a few of the bigger names still to report. The VIX creeped higher since Tuesday morning and showing a bit of caution here after hitting 15 recently. Internals sold off early today and pulled the indices down by the end of the day.  Sector leaders included Solar, Bonds, Consumer Discretionary. Weakness was seen in Banks, Energy, Payment Processors. The market overall is in the heart of earnings season after a large move back to new highs the past two weeks. With the FOMC meeting looming the first week of November, could be a time for some profit taking to end October. The SPX is up over 6% for the month of October after the weakness in September so a time for caution but as long as 4500 holds in the short term, it likely provides a path for continued strength into November which is seasonally a stronger month.

Flow
Recap/
Highlights

Option Flows were active in some beaten up Tech stocks with longer dated call buys in TWTR, SNAP, INTC

OptionsHawk

OptionsHawk is the premier site for active investors

We provide real time coverage of the market via options activity alerts, fundamental research, breaking news, technical set-ups and alerts, earnings strategies, sell-side commentary and much more. We provide a full suite of research and analysis to allow investors to make better informed decisions.

Our Mission

OptionsHawk is an idea generation and research platform providing accurate, unique, and high quality analysis of the equity and options market in real time. OptionsHawk aims to be the premier community for traders and investors as we simplify and maximize the efficiency of your research process while also handpicking and presenting the best ideas based on our many years of experience in a concise and timely manner.

Our Process

We integrate all methods into our process to give the most thorough assessment of a company, which includes fundamentals, technicals, institutional option and equity flows, management commentary, Macro views, catalyst discovery, and sell-side research.

Our Vision

The Hawk symbolizes the ability to use intuition and higher vision in order to complete tasks or make important decisions. Hawks also encourage you to use laser focus and precision to get things done, and to take the lead in life. The hawk represents focus, strength, and poise, and as messengers to learn powerful lessons or expand your knowledge and wisdom. The Hawk encapsulates our company vision.

Browse and Compare Options Hawk Products

Browse

Testimonials

Signed up for your highest tier solely for brief succinct timely option flow. I’ve been trading 15 years and never paid for anything until now. People who manage large accounts would be stubborn to ignore option flow as as a leading indicator/precursor to movement. -Tom in Fla