The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
An investor bought $5.12 million in call options that will be profitable if the Chicago Board Options Exchange Volatility Index jumps at least 50 percent in the next four months.
This is the third sell signal I have seen in the Canadian dollar since the trend has changed back to down in mid-October on the daily chart. I especially like this this sell signal because the Canadian hit the 20-period moving average, which has traders taking profits.
CFTC Commissioner Mark P. Wetjen is poised to be voted acting chairman of the top U.S. derivatives regulator within days.