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

S&P Futures (ES_F) had an indecisive week after pulling back from recent highs and bouncing back off VWAP from the October lows. We held trend support from the October lows and also forming another higher low against the December pullback. There’s been a big balance building since the beginning of November with a lot of volume forming between 4720 and 4646.50 and expectation for more chop within this zone while the edges around 4740 and 4540 have been faded. The 55-EMA was supportive last week while the 8-EMA crossed just below the 21-EMA on late in the week, a potentially cautious signal. RSI broke an uptrend on 1/5 and MACD crossed over bearish as well, both showing signs of momentum weakening. Resistance above next week will be at 4690-4695, 4735, and then 4765. Support below the 4605-4595 zone targets 4549.25, 4515, and then 4450.

Market Sentiment/Breadth

AAII sentiment for the week ending 1/12 fell to 24.9% from 32.8% prior while bearish responses rose to 38.3% from 33.3%. Neutral responses rose to 36.8% versus 33.9%. Bullish sentiment fell for the second straight week and now at a four-month low, overly pessimistic. NAAIM Exposure fell to 74.78 and remains in a neutral level. Lipper fund flows had $9.9B of inflows to equities last week, the fourth straight week of positive flows (~$56B during that span). As of Friday’s close we had 213 new highs versus 840 new lows, continued weak breadth. The percentage of stocks above their 50-MA was 36.9% while those above their 200-day was 40.8%, both remaining weak. NYSI remains above its 8-EMA and remains in a bullish trend while NASI moved below its 8-EMA last week in a cautious sign. Cumulative AD remains in a bull trend. NYMO closed at 12.15. CNN Fear and Greed closed at 55, Neutral, and up from 53 last week.

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

 Endeavor (EDR) forming a nice bull wedge back into the 8-week EMA last week as well as the top of January value with potential to rip back above recent highs on a breakout move. EDR broke out of a 35-week post-IPO range in late December and now back-testing the prior resistance with room above $35 to $43-44. Both RSI and MACD are working well off of overbought levels and now positioned well to turn and run.

Market
Talk

Stocks closed the week somewhat unchanged overall from last week after a wide range from low to high. Overall the Tech heavy Nasdaq was able to bounce Friday off the lows but remains heavy and under the 8/21 EMA’s which have crossed bearish. The week was highlighted by alot of Fed speakers noting rate hikes on the horizon and yields pressuring growth. The ARKK Innovation high beta fund continues to show concern as sellers push it lower under 80 this week. The sector leaders for the week were Energy, Large Cap Tech, and Healthcare. Laggards included Discretionary and Retail as well as REITs. VIX topping out and some key names like TSLA reversing higher to close Fridays action helped provide a short covering rally off the overnight lows near 4600 but we remain in a headline driven market with geopolitics also in focus with Russia and Ukraine concerns. Breadth and internals continue to lag on up moves so will be key to watch for a change in character with advance/decliners participate more on the upside instead of just the constant sector rotations week to week. Next week starts the bulk of earnings season with more large cap names reporting the week after. Also a big January monthly options expiration next week and ahead of the FOMC meeting on 1/26 so plenty for the market to digest which means its a good market to exercise caution and be selective.

Flow
Recap/
Highlights

Option Flows saw put sellers in to weakness for Banks in March expiration. Also there were May put buyers for social media names like SNAP and TWTR. 

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