Benzinga Options Outlook for the Week of June 10
Highlights from this week's options outlook:
- S&P 500 (NYSE: SPY) action via the options was pretty much as expected and in line with previous mentions in the weekly options outlook
- Bulls and bears were chopped around as Goldman Sachs (NYSE: GS), JPMorgan (NYSE: JPM) and Bank of America (NYSE: BAC) couldn't really find any types of bids throughout the week, while techs surprisingly fired off very hard in late week action, with Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Priceline.com (NASDAQ: PCLN) leading the way
- Long call money was all on the table for anyone that believed the move
Look forward to any types of blow off tops this week and to fade into the next couple weeks, unless the banks show some sort of sustainable recovery.
Also be on the watch for the single horse that moves well, but expect more chop in the near future for the next couple weeks.
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